Recent comments from longtime Roc-A-Fella artist Peedi Peedi have fueled rumors that the imprint founded by Jay-Z, Dame Dash and Kareem “Biggs” Burke was being dismantled. According to a report from Billboard.com, that is not the case. "Beans and Freeway didn't get dropped," Beanie Sigel's manager, Mark Byers told Billboard. "I just got off the phone with L.A. Reid talking about the next video for “Rain” featuring Raheem DeVaughn that we're about to release. We're re-launching Beanie's project and releasing a “Rain” remix with State Property." In an audio interview that surfaced earlier this week, Peedi stated that he had been dropped from the label and expressed anger at being notified of the decision by an A&R rep rather than by Jay himself. The Philly MC also claimed that other Roc-A-Fella vets such as Beanie and Freeway had also recently been let go. Although Def Jam representatives did not comment for the story, an unnamed source tells Billboard that Peedi Peedi is most likely still signed to the Roc. Nonetheless, the once mighty label is hardly the industry powerhouse it once was. "I don't think there's going to be a Roc-A-Fella anymore," an unidentified insider explained to Billboard. "I do think each artist will have to go to the new people in charge and have a meeting separately. But the Roc artists aren't going to roll over and die."

More From XXL