After over 20 years with Atlantic Records, Rush has signed with a new label. The band announced Wednesday afternoon that they'd signed with Roadrunner Records, home of Megadeth, Lynyrd Skynyrd, Rob Zombie and many others. The band's next album, 'Clockwork Angels,' will be released by the label in 2012.

"In another life I worked with Rush and their great management team more than 30 years ago, and to have Rush finally on the Roadrunner label is a dream come true," says Cees Wessels, Chairman of Roadrunner Records. "I am grateful for Ray Daniels' confidence in this new partnership."

Through their manager Ray Daniels, the Canadian rock band sounded equally excited. "We have tremendous respect for Roadrunner Records and what Cees Wessels and Jonas Nachsin have built on a worldwide level. After years of Roadrunner pursuing the band, Tom Lipsky presented a deal that worked and the timing was right. We wanted to be at a label focused on the rock genre -- and that's Roadrunner."

The first fruits of this negotiation will be a live album recorded during this summer's Time Machine tour. No further details about that project were announced, but it appears to be separate from their 'Time Machine' DVD, whose release has been pushed back multiple times, and is currently scheduled for a Nov. 8 arrival in stores.