Last week, Migos announced on Twitter that they are parting ways with 300 Entertainment.
The announcement came after the group's debut album, Yung Rich Nation, sold under 20,000 copies -- which many consider as a flop.
However, 300's founder, Lyor Cohen, says that the report is not true and that Migos is still with the label.
"Migos is still under contract. They're still part of the 300 family. So I don't actually know what you're referring to," he said on the latest RapRadar podcast. "I will investigate that when I get back to the office. They're incredibly talented. Those guys are unbelievable talent."
Surely the two parties will figure everything out soon. In the meantime, check out Migos' latest mixtape, Back to the Bando.