Music News Round Up! Tuesday, January 17th, 2012

4. Lookout! Records officially shuts down. Known for its pop-punk style, Lookout! Records was founded by Larry Livermore and David Hayes in 1987. It was once the home of bands like Green Day, Operation Ivy, Rancid, Alkaline Trio, Ted Leo and the Pharmacists, Screeching Weasel, and the Donnas. After facing a year of financial troubles, this Bay Area label has officially closed its doors. The artists that were signed to the label have now been given full ownership over their records. [Rollingstone] [Photo via]