Sean “Diddy” Combs’ five-year contract with Warner Music is up in April of 2010, and sources are reportedly saying he might be changing labels. Diddy was supposed to be releasing his new album, “Last Train to Paris” with Atlantic Records in November, which is a division of Warner; but inside sources are reportedly saying; “ he’s holding off on releasing it until April. If he doesn’t renegotiate his contract, he might end up releasing it on Interscope.” Diddy is also friends with Interscope’s CEO Jimmy Iovine, so there is a strong possibility of a partnership there. Diddy started Bad Boy Records as a joint venture with Warner Music in 1993, but who knows what’s going to happen to the legendary label if the boss leaves? When a spokeswoman for Diddy was questioned, she gave the usual, “We are unable to comment at this time.” We’ll just have to wait til April to see where this all goes, but with or without Diddy, Bad Boy is still one of Hip Hop’s most respected and successful labels.