The Grammy Award-winning group, which has sold more than 50 million records worldwide, made the announcement via a social media video.

Over their 40 years, the band has released 16 studio albums — five of which are certified platinum in the U.S. — six live albums, 59 singles and many other projects.

Megadeth’s next album and next tour will be their last. The metal legends announced today that they’ll be concluding their four-decade run soon. Founder and frontman Dave Mustaine broke the news in a written statement,