Malicious Intent Records Closes Due To Financial Troubles
Malicious Intent Records will be closing down due to financial problems that has troubled the label since the beginning of last year. There were negotiations regarding a buy out and merger with another distribution company which would have expanded both companies, but apparently the deal had fallen through, causing the extreme music label no other choice but to close down. The label's CEO gave this statement:
"On behalf of everyone here we are extremely sorry to announce the end of Malicious Intent. It has been a great run, and we have made alot of friends in the process. Unfortunately due to circumstances beyond our control, we will have to call it quits. We would again like to thank everyone in the extreme metal and hardcore scenes for all the goodtimes."
Over the years, Malicious Intent has released albums from Flesh and Blood Robot (US), Cranial Incisored (Indonesia), Zora (Italy), as well as others.
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