Now they are one and the same (or, at least, both affiliated to the Universal Music Group), P Diddy's Bad Boy Records has reached an agreement with Island Def Jam Music Group in their dispute over R&B group 112, who defected from Diddy's label to IDJMG last year. The band will now be marketed under a Bad Boy/Def Jam logo, with the two companies taking a share of any profits. Bad Boy will retain ownership of the group's back catalogue, though IDJMG will distribute them.
In a statement Diddy said: "IDJMG chairman Lyor Cohen and I have been friends for a long time. Our personal relationship is more important to me than a minor business dispute. The settlement is mutually beneficial and I look forward to working with him on 112."