Diddy Set To Exit WMG/Atlantic For Interscope

Leaving WMG

BAD BOY RECORDS CEO SEAN "DIDDY" COMBS has announced his impending departure as a recording artist from WARNER MUSIC GROUP's ATLANTIC RECORDS by the end of SEPTEMBER and releasing his upcoming album, "Last Train To Paris," under a new label.

Though there is no official label destination for DIDDY, industry insiders say he may be inking a new deal with INTERSCOPE RECORDS.

DIDDY released this statement to BILLBOARD, saying, "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."

Reports have the BAD BOY RECORDS catalog and roster staying with WMG.

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