Saturday, December 1, 2012

Metallica reclaims ownership of entire catalog, launches record label

Alex Young/Consequence of Sound

Photo by Michael Zonenashvili
As of today, Metallica is an indie band. The metal legends, who have sold over 50 million albums in the U.S. to date, recently obtained ownership of their entire back catalog including all music and long form videos. What’s more, they’ve announced the launch of their very own record label, Blackened Recordings.

As a press release explains:
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… 
Blackened Recordings was created by the band as a home for all of their recordings, both audio and visual, and anything else that suits them. Blackened Recordings will handle all marketing and promotion duties and will enter into a deal with Rhino Entertainment, who will manufacture and distribute its releases in North America. Blackened Recordings will license their releases to the Universal Music Group internationally.
The first release from Blackened will be the band’s new concert film, Quebec Magnetic, due out December 10th. You can watch a teaser trailer below.

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