One Way Records was an independent
record label
"Big Three" music labels
A record label or record company is a brand or trademark of Sound recording and reproduction, music recordings and music videos, or the company that owns it. Sometimes, a record label is also a Music publisher, ...
based in
Albany, New York
Albany ( ) is the List of capitals in the United States, capital city of the U.S. state of New York (state), New York. It is located on the west bank of the Hudson River, about south of its confluence with the Mohawk River. Albany is the oldes ...
that specialized in budget reissues of
classic rock albums.
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.
Other labels that similarly filled this reissue niche were Collector's Pipeline,
Rhino Records and
Razor & Tie.
It was part of a company that served as
rack jobber and
music distributor
The music industry are individuals and organizations that earn money by Songwriter, writing songs and musical compositions, creating and selling Sound recording and reproduction, recorded music and sheet music, presenting live music, concerts, ...
for budget titles and cutouts. The company was founded by David Schlang in 1971,
who was president until 1995 and again from 1999.
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%.
In 1994, Terry Wachsmuth, 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."
The label closed in the early 2000s.
References
External links
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{{Authority control
Defunct record labels of the United States
Record labels established in 1971
Reissue record labels
Companies based in Albany, New York