Last Song for Disney’s Lyric Street Records

Disney will be shutting down the country music label Lyric Street Records in a cost saving move. The label will lay off 20-25 employees as the final few records in its system are promoted. The big names in the brand, including Rascal Flatts, will be moved to other Disney owned labels.

It appears that CEO Bob Iger continues his strategy of focusing on building core brands that the company can use to support tent-pole franchise properties. I don’t see Lyric ever rising to that level where as Hollywood Records, home of Miley Cyrus and the Jonas Brothers (to name a few), is already there.

(more in the original AP article)

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)
This entry was posted in Music and tagged , , , , . Bookmark the permalink.

One Response to Last Song for Disney’s Lyric Street Records

  1. Moonscore says:

    A friend of mine, Marty Williams, helped start Lyric Street as well as Rascal Flatts, so I’m sad to see it go. Probably for the best to consolidate, though.

Comments are closed.