It seems like Metallica has given a decisive step in taking more control of their music because the band has launched their very own record label Blackened Recordings. The band's upcoming DVD release, Quebec Magnetic, will already come out under this new label. Metallica now owns all their master recordings.

The band released this statement explaining this decision: "We like to make it a point here not to bore you with the not-so-exciting business aspects of making and sharing music, but we're so psyched about our new adventure that we just had to tell you about it as we officially launch our very own record label, Blackened Recordings."

"Some of you, who have followed along throughout the years, are aware that in 1994 we renegotiated our contract with the Warner Music Group, which resulted in a joint venture with our record company for releasing all of our recordings including long form videos. Per that agreement, as of today we have taken ownership of all of our master recordings and Blackened Recordings will be the home of all of our current albums and videos along with all future releases including the December 10 release of the Quebec Magnetic DVD and Blu-ray."

"You may have heard us say it once or twice or a thousand times before, but it's always been about us taking control of all things 'Tallica to give you 110% on every single level every single time. Forming Blackened Recordings is the ultimate in independence, putting us in the driver's seat of our own creative destiny. We're looking forward to making more music and getting it all out to you in our own unique way."

Source:	metallica.com
Band profile:	Metallica