Migos signed a deal with 300 Entertainment in mid-2014, but the group announced via Twitter on Thursday (Sept. 17), that they parted ways with the company.

"B2TB @LiveMixtapes out now," the group writes on Twitter. "No business with 300ent! YRN QC independent. Big announcement coming soon."

For those not in the know, YRN stands for "Young Rich N****s," and QC stands for "Quality Control" music label, which is ran by Kevin "Coach K" Lee and Pierre "Pee" Thomas. 300 Entertainment is owned by music industry veteran Lyor Cohen, Kevin Liles and Todd Moscowitz, who count Fetty Wap, Young Thug, Rich the Kid, and more on their roster.

Check out Migos' tweet above.

Source: Twitter