Yahoo is reporting that as of last Wednesday, Disney has decided to shutter Lyric Street Records, leaving country superstars Rascal Flats without a home. While that’s a sad tale, the real problem is the other Lyric Street outfits, the ones that haven’t sold 20 million albums. Those unaware of Lyric Street’s roster would be surprised to hear that it also includes Bucky Covington, Kevin Fowler and Tyler Dickerson. Sources report those three and Flats will be transferred to another label on the Disney Music Group roster. Unfortunately Sarah Buxton, Love and Theft and The Parks are SOL.
This of course poses the question, can country artists survive without a record label? DIY, indie bands in hipster locales like Brooklyn, Boston and Chicago most certainly can. But what about DIY country acts? Now certainly Buxton and Love and Theft are far from DIY outfits, but without a corporate backer to release their records, one has to wonder, where are they headed?
More than likely each of the artists affected will land on their feet, but if Lyric Street has shuttered its doors, others can’t be too far behind.
The guessing game has commenced.