Following several weeks of industry mumerings, it has been confirmed that Sean ‘Diddy’ Combs is leaving Warner / Atlantic Records, and reportedly joining Jimmy Iovine’s Interscope label. Perhaps most shocking, however, is that his Bad Boy imprint will REMAIN over at Atlantic, hence after launching the careers of Day26, Cherri Dennis and everyone’s favourite ‘sanger’ Cassie, the mogul is leaving them behind to persue his career elsewhere. Ouch. Peep the report below:
With his contract wrapped, Sean “Diddy” Combs is ankling Warner Music Group/Atlantic Records as an artist, a source confirmed Friday.
Much-rumored departure does not affect WMG’s joint venture with hip-hop impresario’s imprint Bad Boy Entertainment and its acts, which will continue to move through Atlantic.
Bad Boy catalog remains at WMG in perpetuity.
Combs had not been prolific during his five years with WMG: He issued one album, “Press Play,” in 2006. Set debuted at No. 1 nationally.
Recent industry scuttlebutt has placed Combs’ forthcoming album “Last Train to Paris” at Interscope.
Implying a new Bad Boy-styled imprint may be in the offing, Combs said in a statement, “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.”
With next to no one really checking for Diddy as an artist (I mean come on now…), the real story here lies with the fact that Day26, Cassie and co are set to remain over at Bad Boy. If there was ever a time I was certain an act was set to be dropped, it’s now – unfortunately. That said, for some reason, I feel we’ll probably be seeing the oh-so-talented Cassie have her contract bought out and her make the move over with her lover boss.