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Diddy Drops the P. It's the era of Diddy." So proclaimed the hip-hop impresario formerly known as Sean Combs, Puffy, Puff Daddy and now P. Diddy on Tuesday's Today Show, as he explained that he was changing his name once again. The rap mogul last switched it up--from Puff Daddy to P. Diddy--in 2001, while seeking a "fresh start" after being acquitted on gun charges. As for what brought about the latest change in moniker, the entertainer admitted that his previous name change left his fans uncertain of how to address him. Visit for more: • Taradise • Megaplex • Fashion Police More stories:Madonna's Bad B-Day BreakDiddy Drops the P.Summer Leaves "Housewives" Cold"Amazing Race," Family-StyleGreen Day's Vocal Vacation "I felt like the 'P' was getting between me and my fans and now we're closer," Diddy said. "During concerts, half the crowd is saying 'P. Diddy'--half the crowd is chanting 'Diddy'--now everybody can just chant 'Diddy.' " ADVERTISEMENT He confessed that his unwieldy name was even starting to befuddle him. "I even started to get confused myself--and when I'd called someone on the telephone it took me a long time to explain who I was. Too long," Diddy told the New York Post. "One word. Five letters. Period," he added. Of course, just talking about his new name isn't enough for the scene-making mogul, who's planning to throw his latest title a coming-out party of sorts when he hosts the MTV Video Music Awards on Aug. 28. "To be honest, the unveiling of Diddy, you gonna see that at the [Video Music Awards]," he told MTV News. "You gonna see that in the entrance. You gonna see that swagger. You gonna see how I'm gonna navigate you through the journey. I'm gonna play my position, my role. The artists are gonna play their role. We're gonna have an incredible, incredible party." As usual, it's been a busy year for Diddy. In April, he announced a deal with Warner Music that gave the company a 50 percent interest in his Bad Boy Records label. Though exact figures were not released, it's estimated that Warner shelled out a cool $30 million in the deal. Meanwhile, the multi-monikered one has also been dealing with various legal issues. Last month, he settled a lawsuit with Random House over a $300,000 advance he received to pen his memoirs, which he never completed. Diddy has also been battling his ex, Misa Hylton-Brim, over child support payments for their 11-year-old son, Justin. After he was ordered by a judge in April to dole out more than $21,000 a month for the care of his son, the rap mogul vowed to appeal the ****, claiming that Hylton-Brim was acting out of greed, rather than in the interest of their child.

I mean...I thought everybody just always referred to him as Diddy anyway. Is an official " name change " really necessary just to drop the P??? but Sean Combs can do whatever he wants....cause Diddy runs the city, and he got it like that.