Todd Moscowitz has left 300 Entertainment to launch a JV label, Cold Heat, with Sir Lucian Grainge's UMG.

The NYC-based is said to be empowered to release records through any label in the UMG system, in a deal similar to the terms for Scooter Braun's Schoolboy imprint.

"At Universal Music, entrepreneurship is in our DNA so we constantly seek to attract the brightest executives in the business embodying that spirit," proclaimed Grainge. "With his impressive track record of identifying and breaking some of the most successful artists in hip hop, Todd is a excellent addition to our team of creative executives who are committed to bringing the best new talent to fans around the world.”

Stated Moscowitz: "Lucian, Boyd Muir and the management team at UMG have created an environment that encourages risk-taking and pushing creative boundaries, while giving entrepreneurs the resources and freedom to grow—and the results speak for themselves. I’m thrilled to be a part of the most forward-thinking team in the industry, and I’m looking forward to building Cold Heat Records into a preeminent destination for artists of all genres."

Mosco was in the WMG system from 2004, when he was President of Asylum, to heading its Independent Label Group two years later and becoming CEO of Warner Bros. Records in 2009. He co-founded the WMG-distribbed 300 in 2013 with some other dude. Prior to his tenure at the group, he was a partner at Violator Management.