And it's almost unheard of!
Kings of Leon have left Columbia Records for Warner Brothers where they will be paying to record their own albums!
The band will pay half the recording costs from their own pocket and in return have more control and get a bigger share in the profits.
"Kings of Leon are one of the few bands on the planet who have enough heft to negotiate such a favourable deal," said a source. "It is virtually unheard of but it shows how keen Warner Brothers were to have them on their books."
Normally, artists are given an advance from the label, which they have to pay back along with profit sharing.
Good for you, KOL!