Fat Joe has parted ways with Atlantic Records to join the Virgin Records family of labels.

The full details of the deal have yet to come out, but reliable sources have confirmed Joe’s move to Virgin, which includes the independent distribution of Caroline. A deal with Caroline provides Joe with the power of the Virgin brand and higher returns on the dollar for his Terror Quad label.

When contacted, reps for Fat Joe said “that absolutely nothing has been signed.”

A source at Koch also shared that the they were among several labels involved in a bidding war to sign Joe.

His upcoming LP is to feature guest appearances from Lil’ Wayne and production from DJ Khaled, Scott Storch, The Runners, Streetrunner and LV, among others.

Fat Joe’s Me, Myself & I is scheduled to hit stores in the fall.

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