"It's only fair that since he said he used Diddy first, that he be allowed to use it. I am blessed that I have many, many names to choose from," the rapper said in a statement, adding that he new album, Press Play, "will be released from Diddy in the U.S. and and from P. Diddy in Europe." Visit

A publicist for the rapper said Monday the matter was amicably resolved, but disputed a report in London's Guardian newspaper that the 36-year-old Combs had agreed to pay the 40-year-old Dearlove $18,000 in damages and more than $180,000 in legal costs (amounts that reportedly could be reduced on appeal by a High Court judge).

"The damages reported are wholly inaccurate and the request by Dearlove's attorney for legal fees in a case that has been settled is regrettable and is being vigorously contested," the publicist said.

SEAN COMBS would be thrilled if his career followed the same path as SIR MICK JAGGER's. "... I don't think Mick Jagger does shows to make money. I'm sure there's times when he's got to pay some bills, if he crashed a yacht or something, but what keeps him out there is that he loves what he does."