Bad Boy Worldwide Entertainment Group CEO, Sean “Diddy” Combs’ has announced his label Bad Boy’s impending departure with the label’s distributing partners Atlantic Records and Warner Music Group. Diddy’s forthcoming album, Last Train To Paris will be the first album to be released under a new joint venture deal with Bad Boy and another larger distributing label.
Combs is not yet revealing who he is partnering with for the new Bad Boy label. However industry sources and souces close to Bad Boy and Clizbeats have indicated that it will be Jimmy Iovine’s Interscope Records of The Universal Music Group. Diddy recently talked about his split with Warner to Billboard and had this to say,
“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.” Stay with Clizbeats as more details on this story develop.