UMG FIRE 2008: The biggest disaster in the history of the music business

Following yesterday's The New York Times report on the massive quantities of tapes lost in the Universal Studio blaze, Universal Music Group issued a statement disputing the severity of the incident, although it didn't directly address the matter of what material was lost.

Meanwhile, artists who may have been affected said that they were hoping to be given more details. Former Nirvana bassist Krist Novoselic said he believed his band's tapes were "gone forever."

TheTimes report contends that contrary to statements made at the time, the potential artistic value of items that were burned in a building on the Universal Studios backlot was incalculable. Master recordings by Guns N’ RosesEagles, Elton John and Tom Petty are among those said to have been destroyed.


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