According to a report on Launch, Juvenile is planning to leave Cash Money Records to sign a multimillion-dollar deal with Sony to start his own label, U.T.P. Records. Juvenile’s next album, Project English, was scheduled to come out on Cash Money in February and had been hyped as far back as the Source Awards last August, but that project has been pushed back indefinitely.

Juvenile introduced the world to New Orleans’ Cash Money Millionaires in 1998 with the single, “Ha,” off his quadruple-platinum album, 400 Degreez. Juve followed that up with a platinum album, Tha G Code, in 1999.