Raybaw Records, the Warner Bros.-affiliated imprint run by Muzik Mafia godfathers John Rich, Big Kenny Alphin, Jon Nicholson and Cory Gierman, has shuttered its doors. It was a joint decision by Warner and Raybaw's investors.

The label's first release was Cowboy Troy's debut, "Loco Motion," in 2005. That album sold 351,000 copies and his 2007 follow-up, "Black In The Saddle," has tallied 24,000. John Anderson's "Easy Money," released last May, sold 19,000 units, according to Nielsen SoundScan.

Cowboy Troy will moves to the Warner Bros. roster, while Anderson exited last year.

The last release to carry the Raybaw logo will be James Otto's "Sunset Man," which is due April 8.

Raybaw is an acronym for "red and yellow, black and white."

Big & Rich's records are released on Warner Bros. as Rich's solo album will be later this year.