Cam'ron Leaves Roc-A-Fella For Asylum/Warner

After months of speculation,

it's official: Harlem's Cam'ron has parted ways with Roc-A-Fella/Island Def Jam

for Asylum/Warner Music Group.

The deal makes Cam’ron

the first non-southern act signed to Asylum.

"Cam's going drop his

album as well as release other records through his Diplomat Records label,"

a source that wished to remain anonymous told

The move to Asylum could

help Warner Music, a privately held entity, reach their goal of raising $750

million in an upcoming Initial Public Offering (IPO) of company stock.

In addition to Mike Jones

moving over 180,000 copies of his debut Who Is Mike Jones, Warner also

recently acquired of piece of Sean "P. Diddy" Combs' Bad Boy Entertainment

for $30 million.

Cam’s previous home,

Roc-A-Fella Records, was sold to Universal in December of 2004 for almost $10

million dollars.

Certain artists like Kanye

West and The Young Gunz remained on Roc-A-Fella, which is being guided by Jay-Z,

who also serves as President of Island Def Jam. Others, such as Beanie Sigel

and Noreaga were assigned to Damon Dash's Damon Dash Music Group.

Sources stated that Cam’ron,

platinum selling artist, was unhappy with the promotion of his album Purple

Haze and was fielding offers shortly after the sale of Roc-A-Fella.

No release date has been

issued for Cam'ron's upcoming untitled Asylum debut.

In related news, Dip Set

member Jim Jones landed a job as A&R at Warner Music, where he will spot

new talent for the label.

Jones also recently teamed

with The Violator All-Star DJ’s, founded by Violator mogul Chris Lighty

and DJ Scrap Dirty, to market and promote his latest Dip Set ventures.

“Scrap Dirty and I have been politicking back and forth on what the next

moves we are going to make on the streets,” Jones said. “The Violator

All Star DJ Coalition has a strong presence in the radio and urban market place

nationwide. All the artists whose music they embraced has spread like the plague

and with me being deep rooted in the streets; this will be a very beneficial

partnership and avenue for me and my music, and product.”

Scrap Dirty said the relationship

would help strengthen the Diplomat brand.

“This can only help

Jim Jones and take him to the next level, reaching people in the clubs, on the

streets, and reaching the masses," Scrap Dirty said.

Jim Jones’ new album Harlem - Diary of Summer hits stores this

summer on Koch.