AceShowbiz -

Dropped from Lil Wayne's Young Money Entertainment recording company, Omarion is moving on with his own imprint. On Thursday, September 24, the R 'n' B performer announced that he has signed a new deal with EMI to create his own imprint, dubbed StarWorld Entertainment.

It is through the particular imprint that he will release his third studio album, "Ollusion", on November 24 later this year. Speaking of his forthcoming effort, Omarion said "My style has evolved so much on this album."

"I was able to express truly who I am from a creative and artistic standpoint, which allowed me to share a personal side of myself with my fans through my music," he went on revealing. "This is my masterpiece, and I can't wait for the world to hear my new album."

Omarion's announcement regarding his new imprint comes more than a month after he was kicked out of Young Money Entertainment for allegedly leaking his collaborative song with Lil Wayne. Confirming his release from the record label was its president Mack Maine who tweeted last month, "ATTN: Omarion is no longer Young Money ... the song they leaked ft. Wayne is not official .. good luck 2 him in his future."

Before joining Young Money Entertainment, Omarion was signed to Timbaland's Mosley Music Group. The partnership, however, didn't result in any material being released.