Atlanta rapper Gucci Mane has officially parted ways with his former management company Mizay Entertainment and booking agency Hitt Afta Hitt Enterprises.
Mizay Entertainment is helmed by Debra Antney, while promoter Johnnie Cabbell is the owner of Hitt After Hitt Enterprises.
Both companies and their respective owners are named in several federal lawsuits, claiming they booked Gucci Mane in several cities throughout the country, without disclosing that the rapper was heading to jail.
Gucci missed a string of dates over the past year, resulting in lawsuits against Mizay and Hitt After Hitt for failing to return hundreds-of-thousands of dollars in advanced payments.
Gucci has closed down his So Icey Entertainment imprint and is now the President and CEO of 1017 Brick Squad Records Inc.
The artists on the new label are Wacka Flocka Flame, OJ Da Juiceman, Bricksquad (Wacka, OJ and Gucci) and Gucci Mane himself.
“The rest of 2010 is going to be real major,” Gucci Mane told AllHipHop.com in a statement today (May 4th). “I’m taking control of all of my business properties and keeping the focus on my career, my music and my artists. All the pieces to the puzzle are finally in place and once I get home it’s Gucci time.”
Gucci Mane also has a new management team to handle his career now that he has parted ways with Mizay Entertainment.
The rapper has entered into an exclusive management deal with First Avenue Management, while CAA will now handle the booking of his shows.
He also named David Bolno, Managing Director at Nigro, Karlin, Segal & Feldstein as his new his new business manager.
In April, Nicki Minaj abruptly fired Debbie Antney and Mizay Entertainment from managing her career.
Last week, Antney and Cabbell were named in another lawsuit in Allegheny County, Pennsylvania over a failed show inPittsburgh last August