After their recent split with Arista, superstar hitmakers The Neptunes have found a new home for their StarTrak record label. According to Billboard, Chad Hugo and Pharrell Williams are in the process of singing a three-year deal with Interscope Records worth a reported $3 million. Under the terms of the deal, Hugo and Williams will produce StarTrak and Interscope-affiliated artists, as well as play a role in developing new artists. In return, Interscope will take over marketing, promotion, sales and distribution duties for StarTrak.
In related news, Williams and Hugo released their second N*E*R*D album, Fly Or Die, yesterday on Virgin Records.