(Blabbermouth) METALLICA announced today that they have taken ownership of all their master recordings including all music and long-form videos, a move almost unprecedented for musicians signed to recording contracts. Under provision of their renegotiated joint venture agreement with the Warner Music Group in 1994, all masters revert back to the band as of today, November 30, 2012.
"We would like to thank everyone at the Warner Music Group for 28 years of a fantastic relationship, particularly since 1994 where we truly felt we had partners in every aspect of our business in North America," said the band's James Hetfield.
METALLICA also announced the launch of their new record label, Blackened Recordings.
Read more at blabbermouth.net