MMG MERGED WITH ATLANTIC RECORDS WHERE YOUNG JEEZY IS THE SR. VP OF A&R?

In a shocking turn of events, Warner and Rick Ross have announced that MMG will be moved underneath their subsidiary Atlantic Records. After President/CEO Todd Moscowitz was forced to step down last week, due to taking huge losses for the calendar year on MMG releases, the call was made to cut bait and wash their hands of the mistake. During his chat with Miami’s 99 Jamz last night, Rick Ross announced that his imprint Maybach Music Group has moved from Warner Music to its subsidiary Atlantic Records. The revelation wasn’t caught on video which we posted but the radio channel did confirm it on their Twitter.

@rickyrozay just announced MMG has merged with Atlantic Records more details coming!

— 99JAMZ(@99JAMZWEDR) December 11, 2012

Young Jeezy was named the Sr. VP of A&R at Atlantic Records over the summer. It appears that Jeezy will now have final call on, if and when, any new MMG releases will appear in the marketplace. It’s safe to say that might not happen. If Warner didn’t want to lose any more money, we doubt Jeezy will be making the same mistake twice.

I cant confirm this story, but if it's trueYou already know what's goin' down

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