One Way Records was an independent record label based in Albany, New York that specialized in budget reissues of classic rock albums.

[1] 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.

[2] Other labels that similarly filled this reissue niche were Collector's Pipeline, Rhino Records and Razor & Tie.

[2] It was part of a company that served as rack jobber and music distributor for budget titles and cutouts.

[5] 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.