The company folded in July 1975, due to unpaid state and federal taxes amounting to $62,000: the Internal Revenue Service padlocked the offices and auctioned off all assets.
Bill Withers was the label's best-selling artist with a string of pop and R&B hits and several successful albums.
[3] The label is also known for signing American singer-songwriter and guitarist Sixto Rodriguez, who recorded and released the albums Cold Fact in 1970 and Coming from Reality in 1971.
The albums proved successful and influential, eventually being certified platinum and causing a cultural phenomenon.
Rodriguez found more fame with the release of the 2012 documentary film Searching for Sugar Man, a documentary film directed and written by Malik Bendjelloul, which details the efforts in the late 1990s of two Cape Town fans, Stephen "Sugar" Segerman and Craig Bartholomew Strydom, to find out whether the rumored death of Rodriguez was true and, if not, to discover what had become of him.