British pop band McFly have parted ways with their record label.

 The band has reportedly turned down a lucrative new deal with Island Records after a row over their image.

 A source tells British newspaper The Sun, "McFly are a huge money spinner for Island Records, so they were desperate for them to stay.

 "They offered them better contracts with a bit more money, but the lads have grown up and realise the label don't want to take them in the same direction they do."

 The band will release its new album on 24 July through their new, own record label, Super Records.