Getty Images Although the label that launched Green Day has yet to make it official, it appears that Lookout! Records is no more. According to a blog post by Ted Leo on Jan 13, and reported by Punknews.org, the label -- which officially stopped releasing new material in 2006 -- has "sadly, shuttered it's windows for good."
In a post titled "Lookout! Ist Kapuut," Leo replied to fans who inquired about why some of the artist's albums "disappeared from all the digital services."
"A better eulogy should be forthcoming, but just to answer these questions, this means that these records have reverted to my complete ownership, which is kind of cool in some ways, I guess, except that it also means I have to basically run my own label for them now unless I wind up licensing them to someone else in the future," Leo wrote.
"I'm not happy to see Lookout gone, but having complete rights of usage and total and direct revenue from sales now, can ultimately turn this into a positive situation."