Sean "Diddy" Combs' Bad Boy Records is not closing its doors.
A rep from Bad Boy tells XXLMag.com that reports about the record label shutting down are "nothing more than rumors" and that they aren't true.
Rumors of a possible Bad Boy shut down have circulated since December. Those reports were amplified this week with a story on Global14.com saying that Bad Boy Records would be merged into a company under Diddy's newly launched Revolt TV.
Bad Boy Records is home to artists such as Janelle Monae, Machine Gun Kelly and French Montana. The label will celebrate its 20th anniversary this year.
Photo Credit Getty Images