Gucci Mane announced the news that he has dropped most of his 1017 Records roster because he wasn’t making any money off them.
“I just seen my [profit and loss] with all my artists,” says the Atlanta artist. “You know it’s a whole sh-t show in the industry right now, but when I’m looking at my P&L, and me being a businessman, I think that I’m going to have to release almost all my artists, except for Pooh Shiesty and Foogiano.
He continued, “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 hey, ‘f-ck it’. Let’s just make the unselfish decision, and let them take they talents elsewhere.”
Gucci says that even though he has dropped most of his artists, he is looking for fresh new talent to replace them. The artists who have been dropped have already been notified.
According to the website, artists previously on the label were Bic Fizzle, Big Scarr, BigWalkDog, Brezden, Hotboy Wes, Kato2X, Li Rye, Lil Zay, Mac Critter, FTO Sett, and TLE Cinco.