Mar 6th, 2006 at 01:08:35 PM EST
BBE was Studio's biggest label by far (accounting for like 48% of their gross). I think BBE defected to Caroline and that in effect killed Studio.
Apparently Michael Adasko (a somewhat big-wig over there) got out in timebefore the shutdown. Not sure what he's doing...I heard catering from someone. Bossman Mike Watkins will be looking for work, but since he's always had minor stake in the company, he made a little scrilla...hope he saved some of it.