Pet Shop Boys have left Parlophone and will release their Stuart Price-produced album in June

Up-and-coming pop duo Pet Shop Boys have left Parlophone after 28 years and will release their new album 'Electric' via Kobalt Label Services, reports Music Week.

The new album — due in June — was produced by Stuart Price, which seems like a good idea does it not.

Here's what Neil and indeed Chris had to say about it all:

"This is a very exciting point in our careers. We are hugely proud of the new album and are very pleased to be working in con­junc­tion with Kobalt. We’d like to thank everyone we’ve worked with at Parlophone over the last 28 years both in the UK and abroad.

"When we signed to the label in 1985 we had no idea how long and suc­cess­ful a rela­tion­ship we were embarking on. However it is also exciting now to commence a new phase working with a new team in a new business structure and we look forward to a creative and equally ful­filling rela­tion­ship with Kobalt."

A little light on LOLs as press state­ments go, but not to worry. There's also a tour of course, which starts on June 18 at the 02.

EDIT: There's now a fancy trailer for the album, which you can watch below.