12 March 2021 Share with: Australian rockers 5 Seconds of Summer have reportedly parted ways with their U.S. record label and their long-term management bosses. Luke Hemmings, Ashton Irwin, Michael Clifford and Calum Hood have separated from Modest Management bosses after almost a decade, and they've left Interscope Records - their label since 2019 - according to Variety. The big split from their U.S. label and management isn't the end for the bandmates - they are working on a fifth studio album. "We are making a new album," Clifford said during a Twitter live stream, with bandmate Hemmings adding, "It sounds like... a step in the right direction."