In April 2012, fast-rising rapstress Azealia Banks announced that she was signing with manager Troy Carter, who also handles Lady Gaga. But after just two months, Carter has severed business ties with the MC.
"I can confirm that I ended the business relationship with Azealia last month on very amicable terms," Carter told Billboard.biz. "She's incredibly talented and I wish her nothing short of an amazing career."
Earlier today, the New York Daily News reported that she has left Carter and joined forces with Coldplay manager Dave Holmes -- with an anonymous source claiming that the two are also involved romantically -- but Billboard.biz has learned that Banks is currently without management and is seeking new representation; a source said Holmes is not one of the candidates.
Upon signing with Carter several months ago, the 21-year-old took to her Twitter page to announce her business partnership with him. "I just switched management ... Literally like three days ago, and have a whole new set of resources to take advantage of," she wrote.
The announcement came several months after she signed with Interscope/Polydor. On January 18, the self-branded Yung Rapunxel broke the news on her Twitter account, stating that she was "now officially signed to Universal Music." Prior to that, the quick-tongued MC had inked a deal with XL Recordings, home to Adele, The xx and Sigur Ros, to release her debut album. She explained in an interview with Self Titled magazine that the idea was to use XL owner Richard Russell's beats for the project, but "it got real sour" after she declined to rap over his instrumentals. She later parted ways with the company.
Banks rose to prominence last year after she released her breakthrough single "212" and its accompanying video in September 2011. Over the next few months, she leaked songs through her Soundcloud account and traveled overseas to perform shows, including a special performance in Paris at Karl Lagerfeld's home. She made her proper U.S. live debut at the Coachella Music and Arts Festival in April 2012, and this past Sunday, made her New York City debut with her "Mermaid Ball" at Bowery Ballroom.
The hometown performance came on the heels of the release of her 1991 EP, a four-track offering that included previously released songs "Liquorice" and "212" as well as new cuts "1991" and "Van Vogue." Banks is currently prepping her summer mixtape Fantasea, releasing around July 4th, and is recording her full-length debut Broke With Expensive Taste, expected to drop in fall 2012.