Michael Jackson has parted ways with his Bahrain-based record label Two Seas.
The label had previously announced it would release the eventual follow-up to 2001’s ’Invincible’.
The deal was said to have been taken place between Jackson and a member of the Bahraini royal family, Abdulla Hamad Al-Khalifa.
However, BBC NEWS reports that Jackson’s US spokeswoman Ramone Bain said he was no longer affiliated with the label.
The singer has formed a new business, the Michael Jackson Company, who will oversee his affairs and could release the new album, due for next year.
Rumours have been circulating about who Jackson was working with on the album, with New Jack Swing pioneer Teddy Riley being hotly tipped. However, these rumours were not confirmed by Jackson’s spokesperson.