Plan-It-X will be shutting down. The label, which has released music from This Bike Is a Pipe Bomb, Ghost Mice, Paul Baribeau, Andrew Jackson Jihad and several others, has revealed that it will conclude its 16-year run with one last release.

The announcement came when co-founder Chris Johnston recently explained on the label’s website that the 2010 edition of the long-running Plan-It-X Fest would not be happening. The organizers could not get access to the Bloomington, IN park where they normally hold the event, so they’ve postponed the event until next year.

Then, as Johnston confirmed that 2011 will see one last PIX Fest, he dropped the bomb about the label shutdown in the following statement:

“There will be [a Plan-It-X Fest] next summer. It will be one of the last big fests before the end of the world. I’m calling it, The End of the World Fest. It will also be the end of PIX records. I plan to release PIX #100 which will be the book, “Free Pizza For Life”, the story of Samantha and I stealing pizza and starting a DIY punk label on the day of the fest. The book will come with a DATA DVD with all the PIX music ever released. Why? because I don’t want to be a dinosaur. CD sales are dropping like crazy, people don’t want them anymore. I know LP sales are up and people love records, but, that doesn’t include CDs. Most of all, I set out to start a budget label that sold CDs cheap, so I don’t want to tarnish the name of PIX by releasing LPs and selling them for higher prices. I’ve thought about this a lot and I’m not sad. I plan on starting a new label when PIX is done that releases nice looking, unique LPs, cassettes and comic books”.