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Earlier today, Diddy eluded to a big acting related announcement that would be coming today. Here it is: Variety's Justin Kroll reports that Diddy has signed with CAA (Creative Artists Agency), the large entertainment and sports agency. Diddy linked to the article on Twitter, announcing that he had signed with the group "as an actor."

CAA represents a large number of high earning talent, including Will Smith, Jim Carrey, Derek Jeter, Tom Cruise and more.