The rapper’s status at Atlantic was the subject of speculation after the New York Post ran a gossip item implying that he had been released from the label due to poor sales.

Fat Joe has renegotiated his contract with Atlantic, which will distribute his Terror Squad Records imprint. "Fat Joe is an icon in the hip-hop community–an artist, producer, writer, tastemaker, and entrepreneur with tremendous vision, influence, and creativity," said Craig Kallman, COO and Co-Chairman of Atlantic. "We are proud to have had Fat Joe as a member of the Atlantic family for the past eight years, and we are looking forward to continuing our great relationship with Joe and his Terror Squad label."

Fat Joe has been affiliated with the label since 1998 and has released four albums, including his latest All Or Nothing, as well as the gold selling Don Cartegena and the platinum-selling J.O.S.E. (Jealous Ones Still Envy).

Fat Joe has new music in the works. "Lookout for my pre-album Crack Music coming out on Counterflow. It features Jadakiss, Big Pun, Mobb Deep, Paul Wall, Remy Ma, Styles P and production by Wyclef, LV, Alchemist, Showbiz, [DJ] Green lantern, Jack Splash of Plantlife and more."