By Georgette Pierre
When Freddie Gibbs signed to Young Jeezy’s CTE imprint things looked promising, but on Tuesday (December 11th), Gibbs confirmed that he's parted ways with the Snowman. Shortly after that Jeezy, who is currently Senior Vice President of A&R at Atlantic Records, announced his new venture CTE World/Atlantic Records and wished Gibbs good luck in the future.
"Freddie is a talented artist and I decided that it's time to press reset on my career and business ventures," Jeezy said in a statement. "I have no doubt that Freddie will go on to be everything I believe he can be, and I wish him the best in his career. This is a fresh start for the CTE brand as we re-launch it. This is why I chose to wipe the slate clean and create an outlet to support and nurture new artists to the best of my ability."
Freddie Gibbs confirmed that "it was a mutual decision," going on to add, "It was a number of things; at the end of the day, it was a good decision for myself and my family. It was nothing against him; it was just a move that I had to make personally and business wise."
Not one to be bitter about the situation, he also revealed that he had a new deal on the table. "I'm not one of those guys that'll sit back and be bitter. This don't define me," he said. "This is a move that I gotta make in my career. Ya know players traded from teams all the time to go to different teams and win championships."
The pair first linked up musically back in April 2011. Young Jeezy was named Senior VP of A&R at Atlantic Records this summer.