German record label GUN, or Great Unlimited Noises, has reportedly closed down. The label, a joint venture originally with BMG and subsequently SonyBMG, was founded by one Wolfgang Funk in 1992, and was credited for discovering Bullet For My Valentine and Him, among others.
It's not clear if the closure of the label is related to Sony gaining full control of SonyBMG, or a result of the grim times being experienced by the wider German record industry. Artists currently signed to GUN will be handled by other Sony subsidiaries moving forward.