SPIN brings word of Metallica’s new label and its name, “Blackened Recordings”. That, along with the fact that the band was transferred the rights to all of their masters, per a deal they signed with Warner Music Group 28 years ago. So, as if they weren’t before, Metallica is seriously riding that gravy train now. Pictured above is the band in 1982, the year they signed their deal with WMG.

Under the deal Metallica worked out with Warner Music Group more than a decade ago, all the rights would go back to the band on a certain date. That day is today.

“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,” frontman James Hetfield said in a statement.

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