Diddy’s contract is up with Warner Music and he will be moving to a new home.

According to AHH, after almost five years as part of the Warner Music Group, Sean ‘Diddy’ Combs has relocated his Bad Boy Records imprint to Interscope Geffen A&M, however all artists currently signed to Bad Boy Records will still continue to release projects through WMG. Diddy’s first project under the new label will be his upcoming album LAST TRAIN TO PARIS which was set to drop in November, but we hear it has been pushed back.

“I had started some previous business relationships with Jimmy Iovine,” Sean “Diddy” Combs told AllHipHop.com. “We had a great chemistry with each other. Lyor [Cohen, WMG Chairman] and Julie [Greenwald, Atlantic COO] were nice enough to let me get my [Bad Boy] name. I was able to take the name over to Interscope. I am not abandoning any of my artists over there, I still have that imprint. But all my future recordings, including my recording contract, that will be at Interscope Records.” The new Bad Boy label with Interscope will operate like a small boutique label, with an emphasis on signing unique talent. “We are going to take our time with the amount of acts that we sign,” Combs stated, adding that the label will cater to a new generation of “superstars.”