It's been a minute since Philly rap vet Beanie Sigel dropped his last album, 2007's The Solution, but he's just inked a new deal and recently revealed that a new album is coming this summer.
According to AllHipHop.com, Sigel has signed a distribution deal with EMI, thanks to industry veteran Chris Schwarz.
During a studio session in Brooklyn, New York, the rapper revealed the news while explaining how the deal all came together.
"That's what kind of pushed me to really do this album. I was sought out by Chris Schwarz. He had a situation at EMI and was looking for an artist," Sigel explained. "I had just recorded a couple songs in the studio. Somebody heard a record and was like, 'You should check out Beanie; he hasn't been doing anything.'
"The first conversation was kind of generic. It was like, 'Uhh yeah.' I had deals on the table; I've been approached by everybody from everywhere -- from E1, well to Koch first, to E1 to Asylum. For me to sign to a major, it's like, 'For what?' I'm too far advanced in my career to go to a 360 deal. I've learned too much of the business to put myself in that position now."
Despite his absence from the scene in the past few years, the rapper makes it clear that he hasn't "been missing," but instead has "been missed" by hip-hop fans ... and is ready to serve up new material.
"I've got tons and tons and tons of music that the world has never heard yet. I could make an entire album tomorrow," said the rapper.
In 2010, Sigel was working on inking a deal with 50 Cent's G-Unit Records, and was involved in a series of public disses toward his former labelmate and mentor Jay-Z. After it was all said and done, the G-Unit deal fell through, and Beanie admitted that he was used by 50 Cent for publicity. He announced his plan to retire from hip-hop sometime after, and now, with the EMI deal, it marks his return.
With Chris Schwartz, he feels he has the backing of someone reputable who has signed past artists such as The Fugees and Nas, Sigel tells AllHipHop.com.
Sigel's immediate plans are to release a mixtape in the coming weeks; and his new album, titled The Classic, is slated to drop this summer.