The newest and seventh Celtic Frost album was financed by the group itself through its own label, Prowling Death Records, and publishing imprint, Diktatur des Kapitals. Prowling Death Records originally was the self-founded underground label which released the Hellhammer demos and managed Hellhammer's career in 1983 and 1984. The album was produced by Celtic Frost with Peter Tägtgren (of Bloodbath/Hypocrisy/Pain) and mixed by Fischer and Ain. Celtic Frost and Prowling Death Records subsequently entered into a worldwide licensing deal with Century Media Records. The album, titled "Monotheist", was released on 29 May 2006.