Southern rockers Kings of Leon are getting into the music ‘biz. Well, they’re already in the music ‘biz as a popular, indie-rock n’ roll band, but the foursome are venturing into the business side of the music business.

Word is out that Kings of Leon have joined with Los Angeles-based music publisher Bug Music to launch a brand new record label. The new deal allows the Followill boys to sign and develop artists with the company, a prime opportunity to flex their artistic freedom.

The first release on the label will be Some Kind Of Salvation by Tennessee band The Features; the fellow Tennesseans have previously toured the US/UK with Kings of Leon.

“Caleb, Jared, Matthew and Nathan are extraordinary tastemakers and constantly absorbing new sounds from all over the world,” said Bug CEO John Rudolph. “The honesty in their music is what draws them to genuine artists.”

Bug Music’s catalog includes great tunes from classic artists like Johnny Cash, Pete Townshend, Townes Van Zandt and Stevie Ray Vaughan to contemporary hits by Ryan Adams and Wilco.

Details of release dates and track listings for the upcoming Features’ album will be available in the coming weeks.

Kings of Leon are set to play the first day of Lollapalooza 2009 on August 7.