Bon Jovi recently announced that, after 32 year on Mercury Records, the band is parting ways with the label. The band's new album, Burning Bridges, will be the last to sport the Mercury Records imprint.

"It's the end of an era," singer Jon Bon Jovi, 53, tells Billboard. "I've stayed at that label my entire life -- 32 years. I am the longest tenured artist on Mercury, or whatever they are called this week. But my deal was up, and that's that."

Bon Jovi alludes to tension with the Universal Music Group ­subsidiary, which effectively ­operates under the Island banner, in the title track to the band's self-­proclaimed "fan album," one he readily admits is meant to fulfill the group's contractual commitment.

"After 30 years of loyalty, they let you dig the grave," he sings on "Burning Bridges". "Now maybe you can learn to ... strum along/Well I'll give you half the ­publishing/You're why I wrote this song." Says Bon Jovi: "It hits the nail on the head."

To hear Bon Jovi tell it, he has seen it all. "I've been in three ­buildings and (gone through) ­countless presidents and CEOs," he says. "It broke my heart, but it was time to leave."

Go to this location for the complete Billboard report.

Bon Jovi’s “album for fans”, Burning Bridges, was released on August 21st. The tracklisting is as follows:

"A Teardrop To The Sea"
"We Don't Run"
"Saturday Night Gave Me Sunday Morning"
"We All Fall Down"
"Blind Love"
"Who Would You Die For"
"Fingerprints"
"Life Is Beautiful"
"I'm Your Man"
"Burning Bridges"
"Take Back The Night" (Japan Bonus)

"A Teardrop To The Sea" lyric video:

“Blind Love” lyric video:

“We Don’t Run” lyric video:

Bon Jovi are hard at work on their next album, which will see a full-scale release in 2016.

The band kicks off their tour on September 11th in Jakarta, Indonesia, and runs through till October 3rd in Tel Aviv, Israel. Visit BonJovi.com/Tour for all the of the details and ticketing information.