Capone-N-Noreaga Re-sign with Penalty Entertainment [VIDEO]

After a four-year hiatus, Capone-N-Noreaga have reunited and joined the same record label that helped launch their rap careers in the late '90s.

Along with Nore's Good Belt Gang imprint, CNN have re-signed with Penalty Entertainment (formerly Penalty Recordings). Their album will be distributed by Sony RED.

"I’m excited to once more be a part of Penalty, a company I helped build in the late 90′s. Get ready for us to shake the game up this time around!” said Nore in a statement (via AllHipHop.com). “Good Belt Gang is where my heart is at. I’m happy to be able to help birth the careers of some very dope and creative artists and I’m super hyped to be doing it along with Penalty.”

Capone-N-Noreaga first signed with Penalty back in 1996, and released their classic debut album, 'The War Report,' in 1997. The collection boasts the anthem 'T.O.N.Y.' and the controversial track, 'L.A., L.A.'

CNN and Good Belt Gang join fellow Penalty labelmates eMC (Masta Ace, Stricklin, Punchline & Wordsworth) Joell Ortiz and Lil’ Mo, among others.

“The re-signing of legendary group CNN is a monumental moment in the Penalty legacy and I’m proud to be able to share it with the world,” said Penalty Entertainment’s Founder/CEO Neil Levine. “I’m also excited to be able to contribute toward building Nore’s vision with Good Belt Gang, a new generation of artists he’s passing the torch down to. We’re about to re-write history!”

Congratulations to Capone-N-Noreaga and the whole Good Belt Gang movement!