Diddy has big plans for 2012.

The music mogul told Ad Week that in the new year he plans to do more acting and go back to his producing roots.

"I have huge plans for both," Puff said. "I have some major announcements at the top of the year on things I’m producing—an announcement that’s bigger than anyone can realize on something I’m acquiring. And also, films that I’m starring in. I’m looking forward to 2012; it’s a huge transition for me out of music onto the big screen and continuing my legacy as a producer.

"You know, I’m one of the most successful African-American television executive producers in history," he continued. "I’ve had six shows on the air at one time. I don’t say that in a braggadocio way. But you should definitely remember this conversation and look back at it and say, “I remember he told me he was going to make some huge announcements."

When asked if he ever plans on running for President, Puffy responded, "I definitely won’t be running for president anytime soon. I do not think I would be able to pass the presidential scrutiny test." —Gina Montana