BOSTON, MA Wednesday Dec.1.2004 / -- When Korn puts out its next album, it will be on a new label -- the band's own. With the release of Korn's "Greatest Hits I" the band completed its decade-long contract with Sony Records and are now "free agents."

In an interview with the Boston Globe, James "Munky" Shaffer explained, "It's kind of like paying off a loan. You think, 'I'm free!'" The Korn guitarist remembers, "Sitting down in Los Angeles 10 years ago and signing with Sony. The lawyers were there, but we were just excited kids drooling and ready to go out and party. The clause in the contract said 'seven albums,' and we thought, 'Well, we only have one right now.' But here we are. We made it."

Now that Korn has fulfilled its commitment to the record company, what's next? Shaffer says, "We're still focused on what we want to do, but now instead of getting $2 per album, we'll get $8." The band hasn't decided on a name for the new label yet, but Shaffer says, "Sony has been good to us, and we'll probably have them still distribute the albums."

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