Under the terms, RED will distribute Havoc and Prodigy's Infamous Records, where they'll drop their self-titled album (their ninth), with Infamous Records functioning much like an independent.
"The way we structured it is as a distribution deal basically, so we run our own label, Infamous, and we gotta do the daily ins and outs of everything. We gotta handle all the record company business and they get it in the stores for us, basically," Prodigy told MTV News backstage at Rock the Bells in New York City on Saturday.
"It's been a long time coming," Havoc added. "We've been in the game for a minute and the object of the game is to control your own business."
While allowing the veteran street-hop group to be their own bosses, the deal with Sony also puts Mobb Deep closer to their legacy. After the duo dropped their debut album on 4th and B'way in 1993, the Mobb signed with Loud Records, the Steve Rifkind-helmed label eventually absorbed by Sony. "Sony RED is a good company; they basically own our catalog anyway because when Loud sold the company, they sold it to Sony," Prodigy clarified. "So they own all of our albums, basically. When we sat down with them, they basically were like, 'We'd love to do this, we got your catalog anyway.' "
For their upcoming LP Mobb Deep, the group aims to continue to build on that catalog, which already features such highly regarded albums as Murda Muzik and The Infamous, M-O-B-B's sophomore album. The pair performed their second LP in full during Rock the Bells. Although the deal was just announced, P revealed that he and Hav have been working on the album since he was released from jail in March for gun possession.
"Right now, it's just a monumental thing for us, you know, it's been a long time coming. We're excited about it. We got a lot of music ready to go, we've been working on this Mobb album since I got home," P said. "Everything is just up to par, the production — from Hav's production to our lyrics to all the ideas from videos to everything — we're just really ready to go and get things started."
As of now, there is no official release date for the Mobb Deep album.