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May 14th 2004 Label ownership for last contracted record.
According to an article in today's Los Angeles Times, METALLICA have struck a deal to have their next — and final — album under their present Elektra contract marketed and promoted by Warner Bros. Records. The move will take place as part of Warner Music Group's efforts to consolidate its major East Coast labels, Atlantic and Elektra, according to the article. About 50% of the labels' combined roster of about 170 acts will be let go.