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Is Diddy Shutting Down Bad Boy Records?

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According to an online report, Diddy plans on shutting the doors on his famed music label, Bad Boy Records. The shiny suit sporting media mogul launched the label back in the 90s with the help of acts like Faith Evans, Craig Mack, Notorious B.I.G., 112 and Mase.

Allhiphop claims Diddy has been laying off members of his Bad Boy staff, or moving them to other projects to make the shutdown a reality. French Montana, Red Cafe, Machine Gun Kelly and Janelle Monae are all currently signed to the label, but could be placed with Interscope if the closure goes forward.

Fortunately, the rumors appear to be false. A rep for Bad Boy is denying that there’s any truth to the allegations.

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