In a press release distributed by Koch Records, Jim Jones’ deal with Columbia and ongoing relationship with Koch has been clarified, sort of:

Rapper and entrepreneur Jim Jones has signed a new deal with Columbia Records. This new deal is a partnership of sorts with KOCH Records. KOCH will still be involved in marketing and radio promotion for Jones, and participate in revenue streams, while Columbia will oversee all aspects of his campaigns.

Jones will have the best of both worlds as the #1 Indie label and one of the most historic major labels team up with him on his upcoming album.

So far, so good.  We’ll see if Mr. Jones is ready for a new level of the game.

Related ProHipHop Coverage:
Jim Jones Signs Deal w/Sony, Working w/Rick Rubin