Nashville’s Music Row took a hit on Wednesday when the Disney Music Group announced it’s shutting down Lyric Street Records, the home of Rascal Flatts.
The guys in the group — Gary LeVox, Jay DeMarcus and Joe Don Rooney — should be OK. They’re working on one last album for Disney, and an official release indicates that project will still come out in the fall on a different Disney-affiliated label. In addition, the guys are in talks about a new recording deal with the Mouse. If, for some reason, they can’t come to an agreement with Disney, it’s a sure bet that the band could find another partner willing to invest in its massive career.
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Source: Just Jared