Neil Tennant and Chris Lowe released a statement saying "We are hugely proud of the new album and are very pleased to be working in conjunction with Kobalt. We’d like to thank everyone we’ve worked with at Parlophone over the last 28 years both in the UK and abroad. When we signed to the label in 1985 we had no idea how long and successful a relationship we were embarking on. However it is also exciting now to commence a new phase working with a new team in a new business structure and we look forward to a creative and equally fulfilling relationship with Kobalt."
Paul Hitchman of Kobalt added "The whole global Kobalt Label Services team is hugely excited to be a part of the forthcoming Pet Shop Boys release. We look forward to working in partnership with Neil, Chris, and the Becker Brown team to maximise the potential of the record, which is already sounding like a classic.”
Miles Leonard, President of A&R, Parlophone, said: “Few can say they have worked with any artist for 28 years, but Parlophone have and we are very proud of that. We have been fortunate enough to have been partners in one of the most successful careers in pop culture. Neil and Chris to this day influence so many with their incredible songwriting and music. We wish them every success in the future and look forward to continuing our relationship with them across their entire and enviable catalogue.”
The Pet Shop Boys are in good company with Kobalt who recently issued their first international release, Nick Cave and the Bad Seeds' Push the Sky Away, which has been at or near the top of the charts around the world.
Their first album on the new label will be Electric which will be out in June. Produced by Stuart Price, here is a short teaser: