We reported yesterday there were rumors that Diddy was leaving Warner Music Group to join Interscope Records, well now it's been confirmed. The new deal will include Diddys future solo albums plus a joint venture with his Bad Boy label. "I had started some previous business relationships with Jimmy Iovine. We had a great chemistry with each other," Diddy said of the Interscope top dog.
Diddy then went to talk about leaving Warner & Atlantic. "Lyor [Cohen, WMG Chairman] and Julie [Greenwald, Atlantic COO} were nice enough to let me get my [Bad Boy] name. I was able to take the name over to Interscope and to still in stay in business with them. I am not abandoning any of my artists over there, I still have that imprint. But all my future recordings, including my recording contract, that will be at Interscope Records…We are going to take our time with the amount of acts that we sign…We want to find those very unique artists. We want to build something very special that's not already out there." [Diddy Hangs With The Game, Jimmy Iovine & Steve Berman – Watch Here]
Diddy – Hangs With The Game, Jimmy Iovine, Steve Berman