Puffy Spins 112 Loss

Sean ‘P. Diddy’ Combs is trying to put a positive spin on losing to Def Jam. He tells the New York Daily News, “Neither of us was making money [off ]. It was at a stalemate.” While Puffy said their next album will be “50-50 joint venture,” another source countered, “It’s a one-record deal where he gets a few points – less than 10% – of the sales.”

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