Billboard has confirmation that Diddy is jumping ship to Interscope Records and parting ways with Warner Music and the label that he started, Bad Boy Records.

“Now that the term of the Warner deal has ended, I have elected to accept an opportunity to move my recording career and future label venture to another company,” Diddy said in a statement.

Diddy on Interscope does not mean he will be dropping his involvement in Bad Boy altogether. Instead, Diddy’s solo career will be handled by Interscope while his Bad Boy label is still with Warner. Confusing…yes. Should Bad Boy artists worry? Yes. Diddy’s deal with Interscope also calls for him to start his own joint label venture with Interscope…after he releases “Last Train to Paris” on Interscope his next task will be to start up a new venture similar to Bad Boy. Cassie and Day 26 better start looking for a day job.