Chris Rene, 'X Factor's Third Place Finisher, Signs With Epic Records
Chris Rene, 'X Factor's Third Place Finisher, Signs With Epic Records

Chris Rene is continuing his relationship with L.A. Reid.

The X Factor alum, who placed third in the reality competition's inaugural season, has just inked a deal with Epic Records, The Hollywood Reporter confirms.

'X Factor's' Chris Rene: Epic Records Deal Imminent, Say Sources

Rene should be in good company at his new home, as the Reid-helmed label is expected to announce on Wednesday a deal with fourth place finisher Marcus Canty. Could Brian "Astro" Bradley, perhaps the competition's most controversial contestant, be next? Speculation has swirled regarding the 15-year-old's impending deal, which could find him at Epic or in the company of winner Melanie Amaro at Sony.

With the ink still drying on his contract, Santa Cruz-based rapper Rene will likely see between $150,000 and $500,000 from the label -- a respectable, but significantly smaller payout than Amaro's $5 million deal with Sony.

As part of his Epic debut, Rene will record a new version of his self-penned audition song "Young Homie."

Backbeat: L.A. Reid Talks Backstage at 'X Factor' About Chris Rene, New Regime at Epic