Roadrunner Records is to close its UK and Canada offices, and is making huge cuts across its worldwide operation.
The famous label is home many of the top Rock acts in the world, such as Atreyu, Juliette Lewis, Korn, Murderdolls and Nickelback and is set to close its UK offices in the next few weeks, with the label's Canada and Germany offices shortly after.
With this news comes another huge blow to the rock music industry, already suffering with some of its biggest festivals, like Sonisphere cancelled from this year's summer circuit.
However, the record label is hoping to continue in a smaller form, but will inevitably cause great impact to the many artists on their current roster. Roadrunner Records has been in operation since 1980 and is a division of Warner Music. The label has long pioneered rock music, breaking new metal bands, including early releases from Metallica.