Busta Rhymes last released his 2009 album Back on My B.S. via Universal Motown Records, but he is now a free agent. According to Chris Lighty, Bus-A-Buss has reportedly severed ties with the label and will most likely release his new album on his shingle Conglomerate Records.

Speaking with XXLMag.com, the music industry veteran, who just launched his A&R website PleaseListenToMyDemo.com, doesn’t think artists need a label to get radio play. “We have Uncle Murda right now, he has a record on Hot 97 and he isn’t signed. Guess what? Busta Rhymes isn’t signed right now either,” he laughed.

The Brooklyn, New York rapper’s previous release featured the singles “Respect My Conglomerate” featuring Lil Wayne and Jadakiss and “Arab Money” featuring Ron Browz. Despite spawning hits, the album failed to meet expectations, becoming his first album that did not break the 500,000 sales mark.

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Busta is currently working on his upcoming album E.L.E. 2, which will feature production from DJ Premier and DJ Scratch. The album will also be narrated by Chris Rock.

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