Cold River Records plans to shut

The label was home to Drew Baldridge and Dylan Schneider and once was home to Katie Armiger, who ended up being in a legal battle with Cold River, which never had any big hits with its artists.

"It is with bitter-sweet emotions that I must announce a winding down of Cold River Records over the next few months," said Cold River Records president Pete O'Heeron. "We began this journey almost 15 years ago and have enjoyed every moment of music creation by our artists. To the amazing employees who have called our label home, I thank you for being such dedicated champions for our artists and making personal sacrifices to support their careers. As some of my dearest friends, I will miss you the most and cherish all of our memories on the road and the phone calls with your travel stories. To the programmers at radio, producers, songwriters and the music industry leaders who became our friends, I thank you for your counsel, guidance and friendship. To our artists who have performed on the Grand Ole Opry, opened for some of the biggest names in country music, toured the world and even recorded at famed Abby Road studios in London, thank you for creating amazing music that I will never forget."

"As many of you know, I have a biologics company where we are seeing almost daily breakthroughs in cell therapy. As passionate as I am about music, I am equally passionate about medicine. We are developing cures for degenerative disc disease, multiple sclerosis, Parkinson's and CTE (NFL head injuries). These disease pathways will require ever more increasing attention and time requirements from me. In stepping away from Cold River, I'll be focusing on our efforts to address these chronic and deadly conditions."

No exact timetable was given to shuttering Cold River, which also included promotions and publishing arms.