Regan, Jacobs Start Label

Velocity inks singer/songwriter Grimes.

Industry veterans Russ Regan and Kent Jacobs have formed Velocity Entertainment Inc. The Beverly Hills-based label has inked a North American distribution deal with Big Deal Records, which is based in New York and L.A. and is in turn distributed by Rykodisc/Warner.

Velocity has signed singer/songwriter Scott Grimes and will release his album "Livin' on the Run" in January.

Regan, a onetime recording artist and songwriter, has held key posts at numerous labels, including Motown; Uni Records, where he signed Elton John; PolyGram; and his own Quality Records, which produced a hit by Timmy T. in the '90s.

Touring/marketing vet Jacobs has worked at Virgin Records and has been involved in merchandising for a number of acts, including Menudo, R.E.M. and KISS.