One Way Records

One Way Records
Parent company Alliance Entertainment
Founded 1971
Founder David Schlang
Defunct 2000s
Status Inactive
Genre Various
Country of origin U.S.
Location Albany, New York

One Way Records was an independent record label based in Albany, New York that specialized in budget reissues of classic rock albums.[1] In the 1990s, it gained business pressing reissues of those records that had "fallen through the cracks" in the transition in the music industry from vinyl to compact discs.[2] Other labels that similarly filled this reissue niche were Collector's Pipeline, Rhino Records and Razor & Tie.[2]

It was part of a company that served as rack jobber and music distributor for budget titles and cutouts. The company was founded by David Schlang in 1971[3], who was president until 1995 and again from 1999.[4]

In 1995 it was sold to Alliance Entertainment, for $18.5 million; at that point the company had annual revenues of just over $35 million, of which the label accounted for 15%.[5]

In 1994, Terry Wachsmut, the Artist and Repertoire Director, predicted "Sooner or later it's going to peter out, but we expect to be doing this for another 5-10 years at least."[2] The label closed in the early 2000s.

References

  1. ↑ ""Indie Labels Thrive by Mining Majors' Catalogs for Reissues"". Billboard. October 29, 1994. p. 116.
  2. 1 2 3 Hillel Italie (June 24, 1994). ""See These on CDs? Old Records Fall Through Cracks"". Deseret News.
  3. ↑ "Industry Shuffle". CMJ. October 11, 1999. p. 12.
  4. ↑ Ed Christman (September 25, 1999). ""Retail Track: Schlang Returns to One Way"". Billboard. p. 82.
  5. ↑ Ed Christman (June 24, 1995). "Retail Track: Ever-Growing Alliance to Pay $18.5 Million for One Way". Billboard. p. 58.
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