Universal Music has signed a new deal with Republic Records founders Monte and Avery Lipman.
The label has been a part of Universal in one form or another since 1995.
The Lipman brothers have entered into a new long-term agreement with the major, with Monte and Avery taking the roles of CEO/president and COO respectively.
"Monte and Avery have established themselves as one of the industry's most formidable creative teams," said UMG chairman and CEO Lucian Grainge. "They are truly world class music executives who have rewritten the rules for breaking new talent. We couldn't be more delighted that they will continue building Republic as a home for truly inventive artists."
UMG chairman and CEO of East Coast Label Barry Weiss added: "Monte and Avery are two of the most entrepreneurial, effective, street smart, creative leaders in the music industry.
"Their track record is unparalleled. They constantly think out of the box and their results speak for themselves. This is great for them and for Universal Music Group, and is just the beginning of their next chapter."
Monte and Avery Lipman added: "We work every day towards building a culture that supports the artist community and the entrepreneurial spirit that shapes our company.
"The unparalleled support of Lucian and Barry for Republic continues to inspire us to be competitive, while serving the needs of our extraordinary artists, venture partners, and dynamic executives."