Geller was most recently svp for artist relations and marketing
Halsey's management team says "the decision to leave Capitol is bittersweet."
The first release drops April 22.
The company will use the funds to sign more artists and songwriters while purchasing current music assets in the pop and hip-hop genres.
Lake's "Gratitude" has spent 11 weeks atop Billboard's Hot Christian Songs chart.
"Cypher 1: Ella", a collaboration between Mabiland, Emjay, Mare Advertencia, and Delfina Dib, is the label's first release.
The agreement expands the artist's relationship with the label after previously singing with Sony Music Entertainment Chile.
"Even when Seymour’s asleep, he still has the best ears in the business!" lang writes in a tribute to the late Sire Records founder.
"He found them in the raw," Ice-T says of artists signed by Stein. "Nowadays, you have to get a billion followers before a record label would even look at you."
Natalie Osborne and Daniel Lee also join the new venture.
