According to an article in yesterday’s Variety, Rhino Records cut between 30 and 40 staffers on Thursday.
![Rhino Records](http://www.bumpershine.com/wp-images/posts/rhino.jpg) |
A statement from Rhino cited a “fundamental transformation of the physical new release and catalog business” as a reason for the cuts.
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The Company said Rhino will evolve into an entity that “handles WMG’s global digital catalog initiatives, film, TV, vidgame and commercial licensing, and name and likeness representation for legendary artists.” [Variety.com]
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Though the company statement is somewhat vague about Rhino’s precise future, as I understand it, the Rhino Records we once knew, no longer exists (which is a real shame because they always put out quality product).