May 29, 2016  

P. Diddy & Warner Music Go for Joint Fenture Deal

April 15, 2005 (2:43 am) GMT
P.Diddy and Warner Music Group have signed a join fenture deal

Hip hop star Sean P. Diddy Combs and record company Warner Music Group have signed a join fenture deal that gives Warner a 50 percent stake in the star's Bad Boy Records label. The deal announced Thursday April 14, 2005, mentioned the record company will market and handle digital and physical distribution of Bad Boy's new and catalog releases worldwide.

Financial details of the partnership were not revealed, but sources common with such deal mentioned Warner paid about $30 million for an agreement that will last at least three years. Under the deal, which also marked an early end to Combs' distribution deal with Universal Music Group, which had been set to expire in mid-2006, Combs himself will remain chief executive of New York-based Bad Boy Records.

More P. Diddy News

TODAY'S HEADLINES

  1. Kanye West Robbed, Computers Stolen From His Studio
  2. 'Transformers: The Last Knight' Announces Big Reveal on May 31
  3. Dwayne Johnson Hints at Darker Hobbs in 'Fast and Furious 8' Image
  4. Paul Bettany Defends Johnny Depp Amid Amber Heard's Domestic Violence Accusations
  5. Khloe, Kourtney Kardashian, Tyga Celebrate Scott Disick's Birthday in Vegas
  6. Kate Beckinsale: Michael Bay Was Baffled Because 'My Boobs Weren't Bigger Than My Head'
  7. 'Maze Runner 3' Pushed Back to 2018 as Dylan O'Brien Is Still on the Mend After On-Set Accident
  8. PND Serenades Kylie Jenner After She Called Him Out for Deleting Her on Social Media