Diddy Reportedly Joining Eminem, 50 Cent & Dr. Dre, Signing With Interscope Records

While details are still emerging, Diddy will reportedly bring his Bad Boy swag to music industry veteran Jimmy Iovine's company.

Word has it that the Bad Boy's head honcho is fleeing the Warner Music Group to set up shop in the house that Jimmy Iovine built. The music mogul currently is hard at work on his Last Train to Paris album. It's uncertain which label would release the album, if Diddy indeed signs with Interscope. Sean "P. Diddy" Combs and Warner Music Group signed a joint venture deal back in 2005, giving the record company a 50% stake in Bad Boy Records. Under the three-year agreement--for which Warner reportedly paid $30 million--the recording giant undertook digital and physical distribution of worldwide Bad Boy releases. (Vibe)

While originally slated to drop this month, Diddy has postponed his Last Train to Paris album until 2010.

Despite Interscope's well-rounded roster of rap and pop acts, the company was previously aired out by radio personality Funkmaster Flex who threatened to stop playing the company's records.

"Let me tell you something Nino, New York I'm talking to a person who makes decisions, who does things up there moving funny style," Flex said on his radio show about an Interscope employee last May. "Interscope Records, nothin' is spinning...50, from what I hear, your deal is up at Interscope, we got you. I'd walk out that building after that...That Eminem album is coming Interscope, I take pride in how I'm gonna do this movement...Unfortunately, we're not gonna be able to play those Eminem and Dr. Dre records and I'm so sorry this is the way this has to go down with this guy's album coming. I want us all to be friends, but Nino is not a friend of ours. I will go on with this, Nino, you got 24 hours to fix yourself or this goes some place else, tomorrow...Nino is the only one I'm letting off today, tomorrow I'm teeing off on the whole team." (Hot 97)

G-Unit producer Sha Money XL also spoke on the problems 50 Cent's rap group has had with Interscope Records.

"Honestly, G-Unit is going through a new phase right now and Interscope right now is not the best home for them," Sha said in an interview. "It's a point in time where employees and everybody just not enthused enough to making things move forward and the staff...honestly, everybody rode off the G-Unit wave. They didn't have to f*cking work, we f*cking created the wave and they rode it. So soon as it's time to work and they gotta show and prove, ain't nobody show and proved and f*cking getting radio and nobody doing what they gotta do 'cause it's a f*cking c*ck sucking industry, aight? So everybody rode the wave and now we're sitting here wondering what the f*ck is wrong with Interscope. They never had to f*cking work in the beginning, I'm sorry Jimmy [Iovine] but it's the truth. Get better f*cking employees...50 is the f*cking genius man, honestly, he's unpredictable. As much as I knew him from 1996 to now, motherf*cker is unpredictable, he's crazy. You can't never understand what he's gonna do next. He's a genius, so you know what? There's more Vitamin Water deals coming." (The Urban Daily)

No further details have been revealed as of today (September 18).