It’s Finally Official: P. Diddy Signs Deal With Universal

Associated Press reports Sean ‘P. Diddy’ Combs has signed a three-year deal with Universal Records to press, distribute and promote music from Bad Boy Entertainment, both sides said. Specific financial details of the agreement were not made public, but Combs said Thursday the deal’s structure — allowing him to keep control of Bad Boy — is more important than the money. “I’m blessed to make the money,” Combs said after the deal was finalized. “But what I’m trying to do is make history, make some hit records.”