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I wonder if Kisaki has money to re-open Under-Code... Of course, in case he wanted to.
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I don't personally think he'll do it. I think he'll try to open a new label with a new band. Kisaki has a.. less than savoury past, we all know that, but I don't think that really ever would stop him. I mean, he was arrested of all things and yet still came back.
The only problem is, all the former undercode bands have moved on. Vidoll became Gotcharocka, Riku has his solo project, etc. And personally, I don't think the fanbase would be open to Kisaki opening a new label, and open to a bunch of new bands.
The Vkei scene has changed a ton since 2011. Some for the better, some for the worse. The way it's changed wouldn't allow Kisaki to open a new label. VisualKei is in it's lower years, and has been stagnant. We haven't had a Vkei boom like the one in 1986-1993, or the 1996-2003, there isn't as much hype for new bands, and the whole scene has moved on from the "big exciting indie super-label". There was that kind of hype for Rockstar Records, but we all know how that turned out... I personally do think a modern equivalent to Undercode or something would really benefit the scene, but it doesn't feel like it's going to happen.
Basically, the odds are stacked against there being another Extasy, Free Will, Soleil, Matina, or Undercode. They just don't really make them like they used to..