NINE INCH NAILS - REZNOR GLOATS OVER TVT RECORDS' DOWNFALL

REZNOR GLOATS OVER TVT RECORDS' DOWNFALL

NINE INCH NAILS frontman TRENT REZNOR is delighted New York-based TVT Records has filed for bankruptcy, after falling out with the company in the early 1990s. The singer was at the centre of several highly-publicised disputes with his troubled former label, which filed for bankruptcy earlier this week (20Feb08). Reznor fell out with the firm following a series of disputes over producers, single releases and royalties. In 1992, the star reached an agreement with TVT allowing him to leave the label while still paying a small amount of proceeds. And Reznor can't help but revel in the news that the company is in trouble. He writes on his internet site: "You gonna get yours. Not ALL news in the music industry is bad these days." The star linked his statement to an article about the collapse of TVT.