What to do when a digital label changes its name

I recently noticed that releases for the label TheMusicalcurrent have had their label name changed to Sincerely Smooth Records on streaming services. Should I create new releases for them? All the IDs are still the same; only the label name and copyright notice have changed.

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This is similar to what happened with Disciple Recordings when they changed their name to just Disciple.
Notice the annotations in both label pages. The old releases are left untouched under the old label name, and any new releases after the name change go under the new label page.
There’s also a “renamed into:” relationship to link them together

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I’d say probably yes…

I actually did a similar thing for when General Mumble created their label for all their aliases (see this Spott release for example)