10 Facts About TVT Records

1.

TVT Records was an American record label founded by Steve Gottlieb.

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2.

Additionally, TVT achieved a gold release in Germany and Sweden with The Connells, and scored platinum and gold records in Canada with Default.

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3.

Scared that TVT Records would interfere with his creative control, Reznor, in secret, started recording what would become Broken in 1992.

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4.

TVT Records met Jimmy Iovine, founder of Interscope Records, and finally, in 1992, Reznor and TVT reached an agreement where NIN would leave TVT and move to Interscope, but TVT would receive some of the royalties made from future NIN releases.

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5.

In 1999 TVT Records completed a securitization that enabled it to raise $23.

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6.

In 2000, TVT Records became the first label to put its entire catalog online available for downloading and free streaming by fans.

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7.

TVT Records was one of the founding members of the Association of Independent Music, an organization devoted to protecting independent labels' interests.

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8.

In 2007, TVT lost a $9 million lawsuit to Slip-N-Slide Records when a Florida judge ruled that Slip-N-Slide had legal rights to distribute an unreleased album it owned by rapper Pitbull that he recorded for Slip-N-Slide in 2001.

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9.

TVT Records, who signed Pitbull several years later, had sought to notice third parties that the distribution and sale of this album would violate TVT Records's exclusive right to create new music by the artist.

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10.

TVT Records filed for appeal but was unable to post the required bond, thus TVT Records filed for bankruptcy.

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