Bad Boy, Def Jam Come Together For 112

Sean "P. Diddy" Combs' Bad Boy Records and the Island Def Jam Music Group (IDJMG) have reached an agreement regarding their dispute over the signing of R&B group 112. The group, which left Bad Boy

Sean "P. Diddy" Combs' Bad Boy Records and the Island Def Jam Music Group (IDJMG) have reached an agreement regarding their dispute over the signing of R&B group 112. The group, which left Bad Boy to sign with IDJMG a year ago, will now be promoted and marketed by both labels under the Bad Boy/Def Jam logo.

Both labels will split the profits resulting from future 112 albums. Bad Boy will retain ownership of the group's catalog of three albums released on Bad Boy. That includes 2001's "Part 3," which debuted at No. 1 on Billboard's Top R&B/Hip-Hop Albums chart and spurred the single "Peaches and Cream," which reached No. 4 on The Billboard Hot 100. The catalog will be distributed by IDJMG, which has also agreed to a similar split deal with Bad Boy concerning rapper Foxy Brown as part of the unique deal.

Bad Boy recently signed a three-year worldwide distribution deal with Universal Records. Universal will distribute and provide marketing and promotion for new Bad Boy releases and its entire catalog, except 112 and Foxy Brown.

"[IDJMG chairman/CEO] Lyor Cohen and I have been friends for a long time," said Combs in a statement. "Our personal relationship is more important to me than a minor business dispute. The settlement is mutually beneficial and I look forward to working with him on 112 and Foxy Brown and making sure both artists continue to have successful careers."