30/12/2012 08:27 GMT

Take That's Gary Barlow Shuts Down Music Label Future Records

Take That star Gary Barlow has decided to close his music label Future Records so he can spend more time with his family.

The musician, who masterminded the Diamond Jubilee concert, decided he had too many other commitments including being a judge on X Factor.

All of the artists signed up to Future Records are to be re-housed within its parent company Universal.

gary barlow

Gary Barlow wants to spend more time with his family

Barlow told The Sun: "It's been a very difficult decision but it came down to time.

"I've had a lot going on recently and I want to spend more time with my family."

Barlow was awarded an OBE earlier this year in the Queen's Birthday Honours for services to the entertainment industry and to charity.

He and wife Dawn have three children, Daniel, Emily and Daisy, but their fourth child, Poppy, was stillborn in August.

Diamond Jubilee concert stars in action...

Diamond Jubilee Concert