Word in the US is that P Diddy has completed his deal with Universal Music Group which will give the major a stake in his Bad Boy Entertainment company. It seems the deal has been made with the Universal Motown Records part of the Group, and will see the major releasing records from Diddy’s artist roster, which includes Carl Thomas, Black Rob, Dream and newcomer Cheri Denis, as well as releasing future albums from P Diddy himself. No word on the money that will change hands as part of the deal. As previously reported P Diddy bought his way out of a similar deal with BMG last year – rumour had it he was finding the other major labels were not offering anywhere near his original asking price when he started looking for a new partner company.
Feb 6, 2003
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1 min read
P Diddy completes deal with Universal
P Diddy has completed a deal giving Universal Music Group a stake in his Bad Boy Entertainment, with Universal Motown releasing his artists' records.