One Way Records

{{for|the Christian label established in 1970|Larry Norman}}

{{Infobox record label

| name = One Way Records

| image = One Way Records logo.jpeg

| image_size =

| image_alt =

| caption =

| parent = Alliance Entertainment

| founded = 1971

| founder = David Schlang

| defunct = 2000s

| status = Inactive

| distributor =

| genre = Various

| country = U.S.

| location = Albany, New York

| website =

}}

One Way Records was an independent record label based in Albany, New York that specialized in budget reissues of classic rock albums.{{cite magazine|title=Indie Labels Thrive by Mining Majors' Catalogs for Reissues|magazine=Billboard|page=116|url=https://books.google.com/books?id=YQgEAAAAMBAJ&q=%22one+way+records%22+reissues&pg=PA116|date=October 29, 1994}} 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.{{cite news|work=Deseret News|author=Hillel Italie|title=See These on CDs? Old Records Fall Through Cracks|url=https://www.deseretnews.com/article/360791/SEE-THESE-ON-CDS-OLD-RECORDS-FALL-THROUGH-CRACKS.html|archive-url=https://web.archive.org/web/20180411174255/https://www.deseretnews.com/article/360791/SEE-THESE-ON-CDS-OLD-RECORDS-FALL-THROUGH-CRACKS.html|url-status=dead|archive-date=April 11, 2018|date=June 24, 1994}} 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 for budget titles and cutouts. The company was founded by David Schlang in 1971,{{cite news|title=Industry Shuffle|work=CMJ|url=https://books.google.com/books?id=BTxZgkIwStQC&q=%22one+way+records%22+reissues&pg=PA12|date=October 11, 1999|page=12}} who was president until 1995 and again from 1999.{{cite magazine|title=Retail Track: Schlang Returns to One Way|author=Ed Christman|date=September 25, 1999|magazine=Billboard|url=https://books.google.com/books?id=cAgEAAAAMBAJ&q=%22one+way+records%22+reissues&pg=PA82|page=82}}

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%.{{cite magazine|url=https://books.google.com/books?id=zwsEAAAAMBAJ&q=%22one+way+records%22+reissues&pg=PA58|magazine=Billboard|date=June 24, 1995|page=58|title=Retail Track: Ever-Growing Alliance to Pay $18.5 Million for One Way|author=Ed Christman}}

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.