Banda el Recodo has re-signed with its longtime label Fonovisa, sources tell Billboard. The group's next album is slated for release Nov. 24. Banda el Recodo, one of regional Mexican music's top acts, is an over-70-year-old institution. Talk began to circulate that the band wanted to leave Fonovisa after it began promoting its new single, "Me Gusta Todo de Ti," on its own, but sources say the group and the label closed a deal on a new contract today.

Banda el Recodo's vocalist for the last 11 years, singer Luis Antonio "Mimoso" Lopez, announced earlier this summer that he was going solo. He was replaced by Charlie PĂ©rez, ex-member of Los Recoditos, who will take singing duties along with the band's other vocalist Luis Alfonso "El Yaqui" Partida.