Dawn Raid Entertainment Placed into Voluntary Liquidation

19th April 2007

Dawn Raid Entertainment founders Brotha D and Andy Murnane have placed the iconic music label into voluntary liquidation today. They cite a downturn in the label’s revenues as the reason, resulting from a shift in the local urban music market and compounded by the label’s high overhead structure and increased activity in illegal downloads.

"The music industry has experienced rapid change in the last two years with the new digital-driven content formats. Unfortunately we were expanding into Australia at a time that we should have be consolidating our local operation," states Andy Murnane.

Dawn Raid Entertainment was registered in 1999 and has been home to New Zealand’s leading urban artists including Platinum & Gold stars Aaradhna, Savage, Adeaze and Deceptikonz. The company was primarily engaged in signing, recording and releasing albums of undiscovered urban artists. Over the course of the 10 years Dawn Raid expanded into Australia and was involved with fashion wholesaling, retail operations, graphic design and publishing.

"Dawn Raid has been an exciting and fun journey for us, our artists and our dedicated fans over the last 10 years," says Brotha D "W e’re extremely happy with the many milestones & achievements we have made. However, it’s a sad day for all involved and we want everyone to know that we view Dawn Raid as a success and we look forward to new opportunities in the future."

Dawn Raid Entertainment express their sincerest thanks to all friends, fans and associates in the music industry & business community.

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