Less than a week ago, Migos released a new mixtape, Back To The Bando, and unceremoniously announced a departure from 300 Entertainment in the same motion. Today, 300's founder and label-head Lyor Cohen dispelled the rumors definitively during a rare interview with Elliott Wilson and B. Dot Miller as a part of the latest edition of the Rap Radar Podcast.
B2TB @LiveMixtapes out now. No business with 300ent! YRN QC independent. Big announcement coming soon.— MIGOS™ (@Migos) September 17, 2015
When asked about the Atlanta trio's departure from the label, Cohen admitted that he hadn't heard about the supposed move until today. "I don't know anything about that," Cohen says a little under an hour into the show. "You mentioned that like five minutes ago. Migos is still under contract. They're still part of the 300 family. So I don't actually know what you're referring to." Prodded about the Tweet that made the news, Cohen seemed to joke about looking into the matter before heaping praise on the group. "I will investigate that when I get back to the office. They're incredibly talented. Those guys are unbelievable talent."
Elsewhere in the podcast Cohen opens up about his decades of experience in the music industry, detailing his thoughts on the spread of 360 record deals, Fetty Wap's organic rise to the top—"The digital revolution provides that the cream of the crop will rise to the top," Cohen says—and way more. Download the podcast here or stream in full right here.