It was announced Tuesday (Aug. 14) that Foxy Brown has left Def Jam Records and signed a new deal with independent label KOCH. The announcement came via her Black Hand management team.

"Foxy is not only an incredible talent, but an entrepreneur with a vision," said Chaz Williams, of Black Hand Management. "She decided to move on to literally greener pastures, like money green. We are faced with a climate in music and new media where the independent is far more profitable. Ownership and partnerships are the new millennium record deals."

Foxy will release albums through her own Black Rose Entertainment imprint. The first release under the new deal will be Foxy's new album "Brooklyn's Don Diva".

"I have always been a symbol of independence as a female in music," explained the rapper. "My brand is already established, millions of my records have already been sold, and I have a fan base already loyal. After 13 years at Def Jam, I felt it was time I matured as a business woman to move on and continue my brand under the roof of something I own."

The first single from Brooklyn's Don Diva will hit radio within the next few weeks, and the album is scheduled for a December release, according to a rep from Black Hand.

"I have two albums of music recorded, and my fans have waited long enough, I'm back bitches," Foxy exclaimed.