The Neptunes have defected from Arista, moving their Star Trak label to Jimmy Iovine’s powerhouse label, Interscope.
The Grammy Award winning duo will ink a deal worth an estimated $5 million dollars.
Under their new deal, Williams and Hugo will continue to sign and produce Star Trak artists, as well as acts on Interscope and artists affiliated with the label.
Interscope will handle the sales, marketing, promotion and distribution for the label.
The duo’s talent for production has generated over $200 million in sales over the years.
Interscope is home to Dr. Dre’s Aftermath Entertainment, Eminem’s Shady Records and 50 Cent’s G-Unit imprint.
Star Trak’s contract with Arista expired this year, during the same time Arista’s CEO, L.A. Reid left and headed for Island/Def Jam.
Source: All Hip Hop