Gucci Mane has announced major cuts to the roster of his label, 1017 Records.
The Atlanta rap star has released every artist from his imprint except for Pooh Shiesty and Foogiano.
Taking to social media, Gucci Mane expressed that the move was made for financial reasons.
“What’s up, y’all? Listen, I wanted to make this announcement on 1017 yesterday. I just seen my statement and my [profits and losses] with all my artists,” Gucci said. “You know, it’s a whole bunch of shake-up and a whole sh*t show in the industry right now. When I look at my [profits and losses], and me being a businessman, I think I’m going to have to release almost all my artists, except Pooh Shiesty and Foogiano.”
Gucci Mane went on to say that the decision to release his artist was a difficult one.
“This is a decision I didn’t want to make. I thought about it. I could keep all of them under the contract, but I said f**k it. Let’s just make the unselfish decision and let them take their talents elsewhere,” Gucci Mane. “I already reached out to them and to their lawyers and let them know they’re free to take their talents elsewhere. I’m still looking for new talent to pair with Pooh and Foo. And I wish them the best.”
Founded in 2007 as 1017 Brick Squad, the label helped to introduce the world to OJ Da Juiceman and Waka Flocka Flame. In 2020, Gucci changed the name of the label to 1017.
Over the last few years, several artists from the label have passed away or are serving time in prison.
Enchanting passed away in June and Big Scarr died in 2022. The same year, Pooh was sentenced to five years in prison. Foogiano also received a five-year sentence in 2021.
Leave a Reply