Runtown has settled the rift between him and his label Eric Many entertainment in an out-of-court fashion, with a new agreement having been reached.

According to information made available to NET by sources,both parties resolved to settle the case out of court with the help of the Olaniwun Ajayi law firm, following the court hearing on June 14, 2016 in New York.

‘”Runtown and Dilly agreed to settle out of court and Runtown will remain with the label for one more year but its now more of a partnership deal because it gives Runtown more control,’”a source said.

Another source confirmed to NET that Runtown has also decided to float his own record label which he is calling ‘Power In The Music’ (PITM).

The singer has over the past couple of weeks been in a legal battle with label over contract breaches, emotional abuse and disrespect.