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Ariana Bacle
May 07, 2015 AT 10:00 PM EDT

Rumors began circulating Thursday that Kanye West was leaving Roc Nation, the Jay Z-founded company he’s managed by—but a source close to the situation told EW that “the rumor is not true” and that the rapper is “still very much managed by Roc Nation.”

West’s relationship with Jay Z goes beyond the Roc Nation connection: the two partnered together for 2011’s Watch the Throne, and West has been a vocal supporter of Jay Z’s recently launched Tidal streaming service. He’s set to release a new album, currently titled SWISHsoon.

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