In the wake of Freddie Gibbs confirming his split with Young Jeezy, Jeezy announced Tuesday that his imprint, CTE Records, will move to Atlantic Records starting in 2013.
Young Jeezy has always fashioned himself a mogul. He got his start in the rap world basically by managing other rappers, and his CTE Records has been a major part of his success. But he is splitting with Island Def Jam in order to become Senior Vice President of A&R at Atlantic. As SVP, the Snowman will be responsible for nurturing young talent, someone Jeezy says has always been important to him.
But the bigger news is Jeezy's split with Freddie Gibbs, which Gibbs claims is amicable for the moment. Jeezy's statement seemed to confirm that.
He said: "Freddie is a talented artist and I decided that it's time to press reset on my career and business ventures. I have no doubt that Freddie will go on to be everything I believe he can be, and I wish him the best in his career."
Jeezy went on to say: "This is a fresh start for the CTE brand as we re-launch it. This is why I chose to wipe the slate clean and create an outlet to support and nurture new artists to the best of my ability."
A Gibbs/Jeezy beef would be sensational, but it seems like they are at a stalemate for the moment.
Young Jeezy's new project El Hefe: It's Tha World "Es El Mundo" is available Wednesday at 12:12pm on Datpiff.com.