The head of Atlantic
Records, Craig Kallman, has dispelled rumors that Bronx rapper Fat Joe has been
dropped from the label.
The rapper’s status
at Atlantic was the subject of speculation after the New York Post ran a gossip
item implying that he had been released from the label due to poor sales.
Fat Joe has renegotiated
his contract with Atlantic, which will distribute his Terror Squad Records imprint.
"Fat Joe is
an icon in the hip-hop community–an artist, producer, writer, tastemaker, and
entrepreneur with tremendous vision, influence, and creativity," said Craig
Kallman, COO and Co-Chairman of Atlantic. "We are proud to have had Fat
Joe as a member of the Atlantic family for the past eight years, and we are
looking forward to continuing our great relationship with Joe and his Terror
Fat Joe has been
affiliated with the label since 1998 and has released four albums, including
his latest All Or Nothing, as well as the gold selling Don Cartegena
and the platinum-selling J.O.S.E. (Jealous Ones Still Envy).