Indie label unwinds catalog ops
Lookout! Records, the Berkeley, Calif.-based indie label that released early efforts from such key third-wave punk bands as Green Day, Operation Ivy, the Mr. T Experience and the Donnas, has shuttered.News of the closing was first revealed by singer-songwriter Ted Leo, whose band Ted Leo and the Pharmacists was signed to the label from 2001-2006. The label had been in dire straits in recent years, ceasing to release new music in 2006, and will now cease to reprint its back catalog material as well, with most Lookout!-distributed music having already disappeared from digital retailers and streaming services. Founded in 1987 by David Hayes and Larry Livermore, the label was a key hub for bands in the pop-punk genre that exploded on the back of Green Day’s major-label jump to Reprise in the mid-’90s. The label was later handicapped by a spate of complaints over unpaid royalties in the middle of the past decade, with bands such as Screeching Weasel, Avail, and eventually Green Day all reclaiming rights to their masters.