Editing Lookout Records (section)

===Demise (2005–2012)===
On August 1, 2005, Green Day followed Avail, Blatz, Filth, Operation Ivy, Screeching Weasel, Riverdales, Lillingtons and Enemy You in announcing they had rescinded the master rights for their Lookout Records material. They cited continuing [[breach of contract]] regarding unpaid royalties. This led to the label laying off six of nine staff members. Appelgren told Punknews.org that the label would carry on in a scaled back form.<ref name=closure /><ref name=downsize /> Lookout Records turned 20 years old in 2008.

In December 2009, the company entered a major financial reconstruction period.<ref>{{cite journal |author=Hicks, J. Rush Jr. |url=http://www.meiea.org/Journal/html_ver/Vol01_No01/Vol_1_No_1_A6.html |title=Should a Record Company Be Alarmed When an Artist Files for Bankruptcy? |journal=MEIEA Journal |volume=1 |number=1 |pages=84–117 |publisher=Meiea.org |year=2000 |access-date=2010-02-03 |archive-date=2013-05-04 |archive-url=https://web.archive.org/web/20130504213141/http://www.meiea.org/Journal/html_ver/Vol01_No01/Vol_1_No_1_A6.html |url-status=live }}</ref>

The label officially closed in January 2012. The label returned any remaining inventory, masters and artwork to the bands. Appelgren said he hoped bands would "... revisit their Lookout releases, with interesting and cool results."<ref name=closure /><ref name=closure2 /><ref name=closure3 />