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Bad Boy Entertainment has teamed up with the Sony Music Company, Epic Records for a brand new deal announced Monday (Oct. 5th). Through the deal, Bad Boy Entertainment CEO, Sean “Puff Daddy Combs will release two new albums that will be distributed through Epic.

In a joint statement, Puff Daddy and L.A. shared their excitement about the deal and working together again.

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LA Reid, Chairman and CEO of Epic Records said, “Sean ‘Diddy’ Combs aka Puff Daddy and I have been musical collaborators since the 1990s when we both ran independent record labels, myself with LaFace and soon after, Puffy with Bad Boy,” he continued, “Over the years, we not only enjoyed incredible success together, but we also became lifelong friends. Today, of course, Puffy is truly in a league all his own, continuing to influence culture and ignite musical revolutions time and time again. He’s a true innovator and I could not be more excited to join forces once again.”

Diddy added to Ried’s statement saying, “To now work with L.A. in this capacity feels more like a homecoming than a new beginning. Not only is he a fearless and smart businessman, he believes in artists and understands music better than anyone. He embodies hard work and true success, evident in all of his endeavors. To collaborate with L.A. Reid is to collaborate with the very best.”

In addition to the two albums that are in the works, to celebrate this new deal Puff Daddy will perform at the BET Hip-Hop Awards later this week.