The Mavericks have left Big Machine Label Group and the Valory Music Co. to launch their own record label -- and they have multiple new albums up their collective sleeves.

All Access reports that the quartet has completed their two-album deal with BMLG and amicably parted ways to partner up with Thirty Tigers to create their very own label, Mono Mundo Recordings. As of now, the Mavericks -- Raul Malo, Paul Deakin, Jerry Dale McFadden and Eddie Perez -- have three albums planned through the end of 2017.

The Mavericks are set to release their first project on Mono Mundo Recordings, All Night Live, Volume 1, in October; it will be distributed by Thirty Tigers. Then, a new studio album is expected sometime in 2017. Though they haven't released much information about their new music, the Mavericks recently posted a photo on Twitter with the caption "Eddie and Raul playing the tiny guitars! More recording all this week!"

The Mavericks received two Grammy nods in 2016, for Best American Roots Song, for “All Night Long,” and Best Americana Album, for their most recent record, Mono. They performed “All Night Long” at the pre-telecast Grammy Premiere Ceremony.

“This band has always defied the odds and expectations … a country band from Miami with a Cuban singer?" Perez said at the time. "But it works, because people feel the passion.”