LA rap collective OFWGKTA (Odd Future Wolf Gang Kill Them All) have inked a deal with RED Distribution/Sony to form their own independent label, Odd Future Records. The new label will operate under the Sony Music umbrella, but will be completely independent in terms of creative control — something that is essential to Odd Future’s authenticity and image as a musical and artistic act.

Odd Future frontman Tyler, the Creator will still be releasing Goblin via XL Recordings on May 10, 2011, which will be the group’s first physical release. And as for the new record label’s first release? The group says that they have yet to decide and will begin planning a release schedule in the near future.

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