The Jonas Brothers Part Ways With Disney's Hollywood Records
Posted on Tue May 1, 2012 11:15 AM PDT

NJonas090211_01_200.jpgLOS ANGELES, California (x17online) - After six years, The Jonas Brothers are saying goodbye to their Hollywood Records label.

Nick, Kevin and Joe Jonas have parted ways with the Disney-owned label after selling over 17 million albums worldwide. As part of the deal, the sibling trio also bought back the rights to their master recordings, merchandising and publishing for an undisclosed amount.

“This was a decision that we made as a group,” Nick Jonas told The Hollywood Reporter. “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.”

The record label recently released a statement regarding the split.

“Hollywood Records and Jonas Brothers have amicably ended an amazingly successful partnership after six years," a company spokesperson said. "Everyone should be proud of the role they played in helping bring their music to the masses. Together we sold over 17 million units worldwide. 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.”