OREANDA-NEWS Producer Maxim Fadeev closed one of his companies Red Sun due to losses. This is reported by the Telegram channel Mash.

Fadeev launched the label in 2017, stating that he was ready to compete with Russia's main rapper associations Black Star and Gazgolder. Its main line-up was joined by underground artists Kayser, Uknow, Raskolnikov (aka Raskolnikov) and Mirny. The label never managed to achieve self-sufficiency, despite the fact that several albums were recorded and music videos were shot.

Fadeev applied to the tax service for the closure of Red Sun, after which the Federal Tax Service closed his other project, the Malfa production center, which Maxim announced the dissolution of last year.

Earlier it became known that producer and composer Maxim Fadeev commented on a long-standing conflict with his colleague Igor Krutoy, comparing himself to a landowner.