On August 28, 2012 leading up to the release of RZA's directorial debutThe Man with the Iron Fist, he announced the founding of a new record label named Soul Temple Records. He explained the goal of the label being; the label "will release records from independent minded artists from a variety of genres, from the creative community." The labels first release would be revealed to be The Man With the Iron Fists OST. The album featured appearances from Kanye West, Wu-Tang Clan, Pusha T, Ghostface Killah, M.O.P., Freddie Gibbs, Wiz Khalifa, Kool G. Rap, Flatbush Zombies, Corrine Bailey Rae, Method Man, Raekwon, Talib Kweli, and The Black Keys among others. RZA said Soul Temple had been an idea he had for years, and it was inspired by his relationship with Isaac Hayes. By September 2012, Ghostface Killah announced he would be releasing an album through Soul Temple Records titled, Twelve Reasons to Die on November 20, however it would be pushed back to April 2013 to not compete with The Man with the Iron Fists soundtrack. On March 19, 2013, RZA released The RZA Presents Shaolin Soul Selection: Vol 1 a compilation album compiled from the Stax Records archive. Twelve Reasons to Die would be released on April 16, 2013 and debut at number 27 on the Billboard 200 selling 15,000 copies in its first week of sale. In June 2013, U-God would sign onto Soul Temple to release his fourth studio album, the RZA produced The Keynote Speaker. It would receive its release on July 23, 2013 to minor commercial performance and mixed critical reception. U-God would criticize Soul Temple following its release, for him feeling they did not promote or release his record correctly. Soul Temple was also meant to release Souls of Mischief's sixth studio album There Is Only Now in 2013. Following an outrage due to orders not being processed correctly, and customers not receiving their products, RZA said that it was due to bad staffing positions at the label, which resulted in business not running correctly. He also revealed that Bob Perry had been removed from the mail-order department, and demoted from president of the label to VP of the A&R department. On December 24, 2013, the label released "Destiny Bends" a tribute song for deceased actor Paul Walker by RZA for digital download.