Supergrass have left EMI Records subsidiary Parlophone after thirteen years to set up their own independent platform.
Micky Quinn, the band's bassist and managing director of Supergrass Records, said the group decided to change because of “wastage” at their former label.
"We had a pretty good run with Parlophone when we were signed to them, but it's more a case that Parlophone has changed so much over the past year,” he told BBC 6Music.
Supergrass join a growing list of artists, including Radiohead, who have left EMI following the record labels' takeover by private equity company Terra Firma last year.
Quinn said: "A lot of people seem to have left the company that were there for a long time, that we respected.
"For whatever reason, we both came to the decision that it's probably better if we weren't signed to them any more."
The band released their first single on Supergrass Records, 'Rebel In You', last month.
But despite having increased creative control, Quinn said the band now had to monitor the financial side of their career more closely.
"That was the other thing being signed to a major label - we saw a lot of wastage of money and a lot of things that seemed a bit pointless at the time," he said.
"When you're footing the bill you pull your horns in. In a lot ways that makes you more creative."
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