Bad Boy Records CEO Sean ‘Diddy’ Combs has confirmed the recent reports of him parting ways with Warner Music Group imprint Atlantic Records by the end of September and he will be releasing his upcoming album “Last Train To Paris “ under a new label.
The departure comes after nearly a five-year run at the renowned record label. Diddy issued a statement saying:
“Now that the term of the Warner deal has ended, I have elected to accept an opportunity to move my recording career and future label venture to another company” .
Diddy will reportedly be in negotiations to make a deal to join label head Jimmy Iovine at Interscope Records, who recently dropped artists like Tony Yayo, Lloyd Banks and Charles Hamilton. Although Diddy is making the big move, the joint venture for Bad Boy’s current roster and catalog with WMG will remain in place.