Larry Livermore and David Hayes formed the label in 1987. Hayes left in 1989 to start Very Small Records, leaving Lookout! to Livermore, who sold the label in 1997 to former mailroom assistant Chris Appelgren. From the start, Lookout! has put out punk rock records, but over time expanded its scope to include various types of pop punk, hardcore punk, and indie rock. Former Lookout! bands that have since achieved major label success include Green Day and The Donnas.
In recent years, many of the key creators of Lookout!’s back catalog have rescinded their master rights from the label, citing breach of contract over unpaid royalties. Among the bands that have taken their masters from Lookout! and reissued them on other labels are Screeching Weasel (on Asian Man), Avail (on Jade Tree), Pansy Division (on Alternative Tentacles), Blatz and Filth (on Life Is Abuse Records), The Dollyrots on Blackheart Records, The Riverdales (on Asian Man), The Queers (on Asian Man), The Lillingtons (on Red Scare Records), Enemy You (also on Red Scare), and The Groovie Ghoulies (on Springman Records). On August 1, 2005, Green Day became the biggest former Lookout! act to rescind their masters from the label, forcing Lookout! to lay off two-thirds of its staff and halt new releases for the remainder of the year. Operation Ivy rescinded their masters on May 04, 2006 and their albums will be reissued on Rancid Records in July 2007.
Edited by KERPLUNKEN on 25 Jul 2007, 16:15
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