Diddy and Bad Boy Records have been in the headlines this week as reports claim the music label will be shutting down for good. The label has a roster with artist such as French Montana, Janelle Monae, MGK, King Los, and others. Now a representative for the company has come forth to address the rumors.
According to the rep, the Bad Boy Records is not shutting down at all and the rumors are bogus.
The label created by Sean “Diddy” Combs recently commemorated 20 years of existence, but today the viral universe fanned rumors of Diddy shutting down Bad Boy. With swirling hearsay reported that people have either been fired or moved on to other companies, a rep from Bad Boy officially confirmed with XXL that “Bad Boy shutting down is nothing more than rumors,” and “isn’t true.” Bad Boy houses acts like French Montana, Janelle Monae, Machine Gun Kelly, Red Cafe and King Los amid others. (XXL Mag)
The rumors of the label shutting down showed up on the internet early this morning (January 30th).
“The legendary label that has launched the careers of hip-hop heavyweights like Notorious B.I.G., Lil Kim, Ma$e and Faith Evans could possibly be bidding adieu for good, according to AllHipHop. Puff has allegedly been letting members of his Bad Boy staff go or transferring them to his other business ventures, like Ciroc and REVOLT TV, since last December. Artists like French Montana and Janelle Monae who are currently signed to Bad Boy Records could potentially be placed with Interscope if the closure goes ahead. Stay tuned.” (VIBE)