Complex sentence: The company was originally intended as an outlet for Frey's solo records due to his dissatisfaction with the bigger labels; however, he did not release any of his own work on it, and the label is now inactive.
Split into simpler sentences: The company was originally intended as an outlet for Frey's solo records due to his dissatisfaction with the bigger labels. However, he did not release any of his own work on it, and the label is now inactive.