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Over the weekend, B5 manager Jim McMahan confirmed to me that "we [referring to B5] are leaving Bad Boy."

"We wish P. Diddy and staff all the luck in the world," he continued. "We needed to move on to a label that understands a group like B5 more! We are shopping [for] a new home now..."

It's unclear if it is a done deal, contractually, but I've asked for confirmation.