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Business News Labels & Publishers
Disney close down country label
By CMU Editorial | Published on Thursday 15 April 2010
Talking of country music, a country label owned by the Disney Music Group is to be closed down, according to the Wall Street Journal.
Lyric Street Records is currently home to artists like Bucky Covington and Rascal Flatts. The latter will be moved to another Disney label, while a marketing team will be kept in place to work on active Lyric Street releases and campaigns. It’s not clear what will happen to the rest of the firm’s artists once those campaigns are completed.
The Journal quote Disney Music Group chief chap Bob Cavallo as saying: “Given the changing nature of the music business and the more streamlined priorities of the [Disney] Studios, we need to find alternative ways to create and market new artists and their music to consumers”.