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Sub Pop just had a huge 25th Anniversary festival in Seattle (Redmond more properly at Marymoor Park) which included a Green River reunion (the videos are all over you tube, and they're pretty decent even, all of the guitarists played from both versions of the band, so they were pretty massive). They hung a huge Sub Pop banner on the Space Needle, which must have cost some real money.
That said, yeah, Sub Pop hasn't done anything new worth noticing in many years. I really like Wolf Eyes Human Animal album, and I'm not in love with the group by any stretch. And they resigned Mudhoney when Reprise dumped them, which has led to somewhat less mediocre albums from what I've heard, but I'm not exactly excited.
Matador has put out more good recent albums than Sub Pop by far, even if it's mostly by stalwarts such as Yo La Tengo and Mission of Burma. Sonic Youth should fit in perfectly with the likes of them, and I'm serious about crossing my fingers for a SY/Burma tour!
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