A reported milestone for Bad Boy Records has further unfolded.
As AFROTECH previously told you, Cam’ron shared via Instagram that his friend Ma$e had finished signing paperwork and regained his publishing from Sean “Diddy” Combs. The deal came after the Harlem, NY, rapper claimed in 2020 that Diddy kept his publishing for over two decades and paid him $20,000 for it.
Now, it appears that Ma$e wasn’t the only former signee to claim a victory.
Sean “Diddy” Combs reportedly rejected a nine-figure deal for Bad Boy Records’ entire portfolio and instead is giving his label’s former artists their publishing rights back, according to TMZ. Those among the roster who have signed agreements to receive their publishing are The Notorious B.I.G. ‘s estate, Faith Evans, The LOX, and 112. In addition, songwriters who contributed to Bad Boy Records will also receive their own cut.
The deal comes ahead of the 30th anniversary of Bad Boy Records and Diddy’s upcoming album, “The Love Album: Off the Grid,” which goes on sale Sept. 15.
The outlet details that the intent of Diddy’s move to turn down the nine-figure deal and give the artists their publishing back was a revolutionary act to empower artists and enrich his community. His hope is for other top music executives to follow in his footsteps.
According to Billboard’s sources, the process for the reassignment of publishing rights began back in May 2021 when artists were first contacted. What’s more, other artists are still being contacted to sign their offers. Billboard shared that a Bad Boy representative declined to disclose the terms of the deals.
Diddy is set to continue the celebration of Bad Boy’s anniversary. Variety reports that he will receive the Global Icon Award at MTV’s Video Music Awards and will perform. The award show will air live on Sept. 12.
