The Jonas Brothers have left Hollywood Records after releasing three albums on the label. Nick, Kevin and Joe Jonas also bought back the rights to their master recordings, merchandising and publishing for an undisclosed amount of money. The siblings have sold 17 million albums worldwide.
Nick Jonas said: ”This was a decision that we made as a group. Naturally, as with any partnership, when you do part ways, there is emotion tied to it. We’ve been blessed to have a lot of success with Hollywood and with Disney, but speaking on behalf of my brothers and our team, we’re all looking forward to this next chapter. We’re ready for that next step as a group, and being able to take our work with us was so important.”
A Hollywood spokesperson said: ”Hollywood Records and Jonas Brothers have amicably ended an amazingly successful partnership after six years. We couldn’t have asked for better partners or nicer people to work with. We wish Nick, Kevin and Joe all the best in their future endeavors.”
A new Jonas Brothers album should be out by the end of 2012 or early 2013.