please help: infos about EFA

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please help: infos about EFA

Postby David » Wed Dec 15, 2004 8:56 am

Does anyone know about the bancrupcy of EFA? If I remember correctly they closed down about a year ago? Where did all that labels go which were distributed by EFA? What were the reasons for the problems? Did the guys from EFA start new companies? How important was EFA in britain? where there any profound articles about the end of EFA?

please let me know, thanks, David
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Postby ephteeay » Wed Dec 15, 2004 9:16 am

i thought efa were the ones releasing all the wackies things now.. or were they only distribbutors?
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Postby Mario 2 » Wed Dec 15, 2004 10:26 am

fta, i thought it was the rhythm and sound / basic channel guys releasing wackies?
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Postby DG » Wed Dec 15, 2004 10:28 am

EFA was just a distribution, I think.
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Postby Mario 2 » Wed Dec 15, 2004 10:28 am

I do also remember Adrian Sherwood telling me that EFA had really helped him put /gave him a good foot up by buying rights to his back catalogue-- he was happy with them at least.
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EFA

Postby Reggaemusicstore » Wed Dec 15, 2004 10:43 am

EFA were a distributor based in Hamburg, I don't know the exact reason for their bankruptcy but I'd imagine it was probably similar to most of the other distributors who've gone bankrupt lately - declining sales, stores closing down, people swapping CDR's with their friends & downloading tunes from the net instead of buying them etc. For a number of years they had a close relationship with SRD in the UK & used to distribute the Dubhead label in Germany along with a few other UK reggae labels such as Universal Egg (Zion Train). They also re-issued some of the Wackies catalogue in recent years. There have been rumours of a new company rising from EFA's ashes but as yet it hasn't happened....
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Postby Ekki » Wed Dec 15, 2004 11:21 am

David, a lot of labels went to Indigo, the distributor of BAF.
You'll find Basic Replay/Wackies, Echo Beach, Moll-Selekta, On-U, Soul Jazz and VP at http://www.indigo.de
Heartbeat is now distributed by Rough Trade/Germany.
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Postby Chocolate Soldier » Wed Dec 15, 2004 11:25 am

EFA was a rather huge indie distribution operation, they made P&D deals with many labels like ONU , Rhythm & Sound (Wackies reissues) etc where they would press , market & distribute the discs in Europe and beyond..

There was a big article about their demise in the Hamburg Morgenpost I think (?) or some other German mag..Stern maybe..

Anyway - my inside news was that their demise was a combo of business management mistakes and the downturn of the record market..
The mistakes were that apparently they didn't set aside a % of each incoming EUR for their suppliers that they owed for goods but instead used ALL incoming EUROS to finance their own daily business operations and pressings - which worked ok until sales started to go down and they were rapidly faced with an untenable situation..

Plus supposedly the EFA top brass did not have a correct analysis of how their business was actually performing & thought that they were much healthier than they actually were..

So I heard on the grapevine from a little bird.

It was bad for lots of labels..many ones who were not killed off found distro with other companies like Indigo..

!

CS
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Postby Chocolate Soldier » Wed Dec 15, 2004 1:30 pm

Quote:
Dear Business Partners,
>
> with deepest regrets we herewith must let you know that we have been
> forced to file bankruptcy today.
>
> This is based on the developments of the recent weeks during which we have
> tried everything to avoid this step by downsizing our staff, restructuring
> all distribution methods and channels, negotiating with third parties,
> particularly with several groups of possible investors, yet - sadly - to
> no avail. All our attempts to find any other means to keep afloat in times
> of collapsing markets have remained unsuccessful. Since it has not been
> possible to reach possible solutions and it has become obvious that we
> were no longer able to stay in business when relying on our own strength.
>
> We expect the relevant court to name a receiver within the very future. We
> do hope that jointly with that receiver we may be in a position where
> EFA´s key business areas can be saved and restructured. However, it is
> unclear if our desire to reestablish EFA will be rewarded by the
> receiver´s perspective.
>
> We thank you for all the years of cooperation and the trust in EFA.
>
> Yours sincerely
>
> EFA Medien GmbH
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Postby Chocolate Soldier » Wed Dec 15, 2004 1:31 pm

And all that remains is:

http://www.efamedien.com/
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Postby Chocolate Soldier » Wed Dec 15, 2004 1:33 pm

BTW - distros that go bankrupt always say they might re-emerge later with a new name or whatever - but guess what? It never happens
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Postby Chocolate Soldier » Wed Dec 15, 2004 1:49 pm

And my thoughts on EFA and other bankrupt idie distros is : what a big shame! It just gets worse and worse for music which not underwritten by some huge multinational corporation with a consumer electronics or other multimedia division..
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