The Neptunes are busy all the time with new artists, but it seems the Vulcan's still needed someplace to house their label.
Grammy-winning producers Pharrell Williams and Chad Hugo, the Neptunes, have found a new home for their Star Trak label at Interscope Records.

The duo are in the process of signing a three-year deal with Interscope Records worth about $3 million, sources said Tuesday.

Star Trak previously had a deal with Arista Records. But that was two years ago with recently ousted Arista chief Antonio "L.A." Reid and that deal has since expired. Reid was named chairman of Interscope's sister company Island Def Jam Music Group last month.

Under the deal, Williams and Hugo will produce artists signed to Star Trak and Interscope and its affiliates. They also will develop new artists. Interscope will assume marketing, promotion, sales and distribution for Star Trak.

The Neptunes picked up the Grammy for best non-classical producer last month. They've worked wonders for such artists as Justin Timberlake, Snoop Dogg, Britney Spears, Busta Rhymes, Jay-Z and Nelly.

Williams and Hugo also have their own rock-rap group, N.E.R.D., through Virgin Records.

Taken from:
http://www.eurweb.com/articles/headlines/03252004/headlines1378703252004.cfm