Gucci Mane has pared down his label’s roster a whole lot, dropping all but two of the artists on 1017 Records.
Gucci made the announcement on Friday (10/18) in a video he shared on Instagram. He noted that he originally wanted to share the news on the prior day, 10/17, but missed it.
He began by saying that he had seen his label’s most recent profit and loss statement (commonly referred to as a “P&L”), and he wasn’t happy with the results.
“I just seen my P&L with all my artists,” he began. “You know it’s a whole shit 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.
“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, fuck it. Let’s just make the unselfish decision, and let them take they talents elsewhere.”
Gucci said he had “already reached out” to the artists or their reps to tell them about the situation. He closed by saying he was still “looking for new talent to pair with Pooh and Foo, and that’s where I’m gonna put my focus.”
Check the video below
Pooh Shiesty and Foogiano have both had recent legal problems. Pooh is serving a five-year federal prison sentence handed down in 2022. According to Bureau of Prisons records, he is scheduled for release in April, 2026. Foogiano got sentenced to five years behind bars in 2021 for cutting off his ankle monitor while on probation.
According to 1017’s website, in addition to Pooh Shiesty and Foogiano, the label had been home to Bic Fizzle, Big Scarr, BigWalkDog, Brezden, Hotboy Wes, Kato2X, Li Rye, Lil Zay, Mac Critter, FTO Sett and TLE Cinco.
Gucci had a different outlook on the record business just a few months ago, when he launched another new label and said he was ready to make his first signees millionaires overnight.
The rap mogul posted a video on Instagram this past July 4 announcing his new imprint, So Icy Millionaires, while also flexing $2 million in cash that he said he was offering to the first artists who sign on the dotted line.
“You got the Trap God right here. All these are $100,000 a pop,” he said while carrying stacks of money in the studio.
Guwop then proceeds to count the money in multiples of $100,000 before reaching a million dollars.
That’s what I’m willing to invest in my next superstar ’cause I’m starting a whole new label. Fresh! So Icy Millionaires,” he says. “So who you wanna join my new label ’cause I’m looking for my next male superstar.”
The camera then pans to Gucci’s wife Keyshia Ka’Oir who counts an additional $1 million, which is reserved for the label’s first female artist.
“I got a million for my next female superstar. I got a million for my next male superstar. Who wanna join the So Icy Millionaires? Hit my DM right now. Happy Fourth of July.”
Poo and Foo. Lmao
Why not just join their names and call them Pooh Foo 1 and Pooh Fooh 2? Crazy! Haha
Literal Brick Squad…
Atlantic Records going through some hard times, so he’s just folding up the vanity label they gave him.
Sure hope my dude Gucci wasn’t at no freak off party.
You know he was though 😎
I give dude the benefit of reasonable doubt. He need to drop some bangers and extend his empire. He’s out here doing something positive with his life. R.I.P. Young Dolph 🐬
That’s because a few are in prison. Didn’t someone die? It’s real easy to stay out of prison
Big Scarr died a long ass time ago. Also some talentless bish died like this summer i think 🤔
Bro, kill yoself for that last sentence.
Crazy a talentless bitch has more talent than you. Tf does that make you? Supper talentless bitch?
You get signed to 1017: you either go to jail or die. Better off Gucci Mane.
That’s how it seems to go.. Waka Flocka is free and alive because he left.
Ive heard some of his compilation albums, so icy summer, etc. All great stuff. But just too much material to listen too. You hit em with too much, nothing is gonna shine. How am I supposed to go back and listen to a 3 disc album a 2nd time ? He picked the best and invested in them. Fuck it. You cant feed the whole hood. He tried, gotta give him credit for trying. He gotta maintain the lifestyle that makes him Gucci.
Gucci has a lot of good joints (tracks) and solid bangers in the archives; as a result of collaborating with some of the dopest producers like Zaytoven, Mike Will Made It, Metro Boomin, and Shawty Redd etc. He has some collaboration with some dope rappers as well. Just imagine if he made more hot joints with Young Dolph (R.I.P.)
How bout you sign some actual artists, instead of no talent thugs looking to make a quick buck?
Gucci mane,DJ for hire/xfoymarcus21@gmail.com formally known as DJ Cool E, now known as BROTHER MARCUS X #DJBMX) LET’S FLY BABY,BIG UP YOURSELF GUCCI
Gucci doesn’t visit this website. Lol.
Ain’t like it was Deathrow or nothing.
Deathrow had in-house producers. Which allows you to drop more quickly, and more frequently
He’s not a business man. That’s why all the artists on his label have flopped.
Bigwalkdog is a dope artist, but he don’t deliver any hits or memorable tracks everything he drops is worth to listen 2-3 times and you never coming back to it
Scarr and enchanting are dead, cinco and sett making shitty music, Brezden never been too seriously and never dropped no project, what else to expect? If Gucci will drop foogiano and pooh while they’re still in jail it will be a massive bitch move, so he didn’t.
Can’t wait for the new roster, some legends in the making, not the mediocre playlist fillers lol
Bigwalkdog is a dope artist, but he don’t deliver any hits or memorable tracks, everything he drops is worth to listen 2-3 times and you never coming back to it – still the best of new 1017 lol.
Scarr and enchanting are dead, cinco and sett making sh–ty music, Brezden never been took seriously and never dropped any project, what else to expect? If Gucci will drop foogiano and pooh while they’re still in jail it will be a massive b–ch move, so he didn’t.
Can’t wait for the new roster, some legends in the making, not the mediocre playlist fillers lol