Wilco is foxtrotting into bigger things, namely its own record label.
"This is the culmination of what we've been working towards for the last 15 years," Margherita said in a statement, according to the Chicago Tribune.
Wilco will work with Anti-Records, which has connections with Epitaph Records. It will require the band to sever ties with its current labels, Reprise and Nonesuch.
Wilco currently is working on a new album on Chicago's North Side and planning a tour beginning in March.