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Stereolab is a UK-based band whose style, mixing 1950s–1960s pop and lounge music with the “motorik” beat of krautrock, was one of the first to which the term “post-rock” was applied. People frequently refer to their style as being "avant-pop." They are noted for the use of vintage keyboard instruments like Moog synthesizers and Vox and Farfisa organs. Stereolab is also notable for founding their own record label, Duophonic Records, with a grant from UK charity The Prince’s Trust. The band is often referred to as “The Groop” by their fans (and in the title of their song “The Groop Play Chord X” on the album Space Age Batchelor Pad Music). Despite the band’s fan base and critical acclaim, Stereolab has not achieved high levels of financial or popular success. On June 7, 2004, suits at the Warner Music label (to whom the band was signed in the U.S.) announced they were dropping Stereolab in response to the poor sales (40,000 to that date) of Margerine Eclipse. This was part of an ongoing effort by Warner to cut costs; The Breeders and Third Eye Blind were also dropped from the label for this reason. Laetitia Sadier is now also a member of Monade, which is essentially expressive of her own singular musical goals.