Metallica last released a new album in 2008.  But, fans are still going to have to wait for a follow-up to Death Magnetic.

Speaking to Gulf News guitarist Kirk Hammett says Metallica hopes to release a new album in 2014.  Hammett says:

“That’s what we’re hoping would happen.  Whether that’s a reality, we’ll see. We’re recording stuff here and there, but it’s a pretty slow process.

When Metallica does release their next album, it will be the first on their own label.  They left Warner Brothers in November and launched their own label called Blackened Recordings.  They even acquired the rights to their catalog.