s ▁independent ▁R ED ▁Distribution ▁network ▁to ▁Poly G ram ▁by ▁way ▁of ▁its ▁flags hip ▁label ▁Mercur y ▁Records . ▁In ▁ 1 9 9 7 , ▁Cap ric orn ▁closed ▁its ▁Nash ville ▁office ▁moving ▁all ▁operations ▁to ▁its ▁dow nt own ▁Atlanta ▁office . ▁Wal den ▁sold ▁Cap ric orn ▁to ▁Vol cano ▁Records ▁in ▁ 2 0 0 0 ▁for ▁$ 1 3 ▁million ▁and ▁began ▁work ▁on ▁a ▁new ▁independent ▁label ▁project , ▁Vel oc ette ▁Records , ▁which ▁featured ▁Georgia ▁artists ▁including ▁Vic ▁Ch es n utt , ▁Ke vn ▁Kin ney , ▁and ▁J uc ifer . ▁ ▁Studio ▁renov ation ▁and ▁re open ing ▁ ▁In ▁ 2 0 1 0 , ▁the ▁Georgia ▁Trust ▁for ▁Historic ▁Pres ervation ▁listed ▁the ▁Cap ric orn ▁Rec ording ▁Studio ▁among ▁its ▁annual ▁“ P laces ▁in ▁Per il .” ▁Le ading ▁up ▁to ▁this ▁announ cement , ▁the ▁Cap ric orn ▁Sound ▁Studios ▁sat ▁vac ant ▁during ▁the ▁dec ades ▁after ▁the ▁label ▁declared ▁bank rupt cy , ▁surv iving ▁a ▁fire ▁that ▁destroyed ▁neighbor ing ▁buildings . ▁The ▁studio ▁remained ▁un touch ed ▁while ▁the ▁rest ▁of ▁the ▁property ▁fell ▁into ▁further ▁dis rep air ▁throughout ▁the ▁early ▁ 2 0 0 0 s . ▁ ▁Studio ▁t ours ▁were ▁available ▁to ▁fans ▁through ▁special ▁res erv ations ▁as ▁featured ▁in ▁an ▁episode ▁of ▁N PR ' s ▁All ▁Things ▁Consider ed . ▁ ▁In ▁ 2 0 1 5 , ▁a ▁multi - mill ion