The official statement from the band's website:
Blackened Recordings Launches
November 30, 2012
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 10th 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.
For more, visit: http://www.metallica.com/news/blackened-recordings-launches.asp
source: Metallica
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