UPDATE: "There is no truth to the rumor that Bad Boy is closing. In fact, the label is celebrating its 20th anniversary this year,” states a rep for Bad Boy.
The legendary label that has launched the careers of hip-hop heavyweights like Notorious B.I.G., Lil Kim, Ma$e and Faith Evans could possibly be bidding adieu for good, according to AllHipHop.
Puff has allegedly been letting members of his Bad Boy staff go or transferring them to his other business ventures, like Ciroc and REVOLT TV, since last December. Artists like French Montana and Janelle Monae who are currently signed to Bad Boy Records could potentially be placed with Interscope if the closure goes ahead. Stay tuned.
Photo Credit: Getty