The Dandy Warhols are set to launch their own record label and are readying a new album to on the imprint later this year.

The band have linked up with the World’s Fair Group to start the label called Beat The World after leaving Capitol with whom they released four albums.

Guitarist Peter Holstrom told Billboard: "We started to get really frustrated with Capitol. Our records were recouping and making money for.”

Capitol and the Dandy Warhols parted company after the 2005 album ‘Odditorium Or The Warlords Of Mars’ sold only 38,000 copies.

However, the band weren’t disheartened by the development, Holmstrom explained: We were upset for about a week, and then we were overjoyed.”

The band were offered other major label deals at that time but rerfused them because they were tired of dealing with “major-label incompetence” says their manager Lee Cohen.

(by Daniel Melia)