Raybaw Records, a label affiliated with Warner Bros. Nashville, has closed, Billboard magazine reported Friday (March 14). Raybaw was operated by MuzikMafia members John Rich, Kenny Alphin, Jon Nicholson and Cory Gierman. According to Billboard, the decision to close the imprint was a join decision by Warner Bros. and Raybaw's investors. The label's first release, Cowboy Troy's 2005 debut, Loco Motion, sold 351,000 copies, although two of Raybaw's releases from 2007 -- Cowboy Troy's Black in the Saddle and John Anderson's Easy Money -- reportedly sold less than 25,000 units each. Cowboy Troy will be moved to the Warner Bros. roster. Big & Rich have always been part of the Warner Bros. roster.