Sean (P. Diddy) Combs
and his Bad Boy Label could be exiting
Universal according to New York Daily. The rap
mogul, is scoping out a new deal for his record
label, Bad Boy Entertainment, sources told the
Daily News.
Combs lately has been making the rounds of the
major record labels. "He's exploring his options,"
the senior record exec said.
Music giant Universal is lukewarm on renewing
Bad Boy's contract, which expires next year,
sources said. The two sides struck a distribution
deal two years ago reportedly valued at $20
million.
With the exception of a couple of releases,
namely the "Bad Boys II" soundtrack, P. Diddy's
Bad Boy label has had no blockbuster hits lately.
While sales have been solid for artists like
Mase, they have not been enough to justify Bad
Boy's high costs, insiders said. Other releases
from acts like Loon - who recently exited the
label - and boy band New
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