Veteran rockers Aerosmith will complete their contract with Columbia Records on November 6th with the release of the band's new album, Music From Another Dimension, and the group may join the ranks of acts like Radiohead, Nine Inch Nails and Pearl Jam who have left the major label world behind.

According to Billboard, Aerosmith singer Steven Tyler told reporters on a conference call late last week that "if the band stays together, yeah, we'll definitely go that route, something somewhere over there. We've been keeping record companies stocked with millions of shekels for years, been making a lot of people rich -- not that we haven't, but every now and then you get into arguments with labels (and) you think, 'Where is all this money going?' We've definitely thought of putting stuff out."

Guitarist Joe Perry was more cautious about the idea, however, saying, "We've talked about every idea you can think of out there, and we really don't know. There's so many different directions we can go."

The band will begin a new leg of touring on November 8th in Oklahoma City, and plans to follow that with a world tour in 2013. Beyond that, Tyler plans to record a full solo album next year as well, while Perry will become the third member of the band, after Tyler and drummer Joey Kramer, to publish his autobiography.