The Music Company, the record label imprint headed by METALLICA drummer Lars Ulrich through an arrangement with parent company Elektra Records, has officially ceased to exist, Ulrich confirmed during an online chat last week."I folded my label. [I] loved working with the bands, [but I] could not deal with all the horseshit that came with it," Lars stated in response to a direct question about the current status of the company. The Music Company (TMC) was founded in 1998 and at one time boasted a roster that included SYSTEMATIC, DDT, GOUDIE, and BRAND NEW IMMORTALS. At least one of the bands previously signed to the label, SYSTEMATIC, has found a new home at Elektra, who will issue the group's sophomore CD—and their first with new drummer Paul Bostaph (ex-SLAYER)—at the end of the year. In other news, Ulrich has revealed that no discussions have yet taken place about a potential replacement for Jason Newsted, who left METALLICA in January 2001 in order to pursue other projects. "[Producer] Bob Rock [is playing] bass in the studio and we have not even thought about who's gonna join the band when the record is done," Lars said, adding that, "as of May 17th, Bob has played every single bass note on the [forthcoming] record. We are keeping our minds open, but right now it feels so fucking right."
To comment on a BLABBERMOUTH.NET story or review, you must be logged in to an active personal account on Facebook. Once you're logged in, you will be able to comment. User comments or postings do not reflect the viewpoint of BLABBERMOUTH.NET and BLABBERMOUTH.NET does not endorse, or guarantee the accuracy of, any user comment. To report spam or any abusive, obscene, defamatory, racist, homophobic or threatening comments, or anything that may violate any applicable laws, use the "Report to Facebook" and "Mark as spam" links that appears next to the comments themselves. To do so, click the downward arrow on the top-right corner of the Facebook comment (the arrow is invisible until you roll over it) and select the appropriate action. You can also send an e-mail to blabbermouthinbox(@)gmail.com with pertinent details. BLABBERMOUTH.NET reserves the right to "hide" comments that may be considered offensive, illegal or inappropriate and to "ban" users that violate the site's Terms Of Service. Hidden comments will still appear to the user and to the user's Facebook friends. If a new comment is published from a "banned" user or contains a blacklisted word, this comment will automatically have limited visibility (the "banned" user's comments will only be visible to the user and the user's Facebook friends).