It was a hoax from what am reading (just as him signing to ****hub as Billboard said). He even recently did an interview with Rolling Stone Magazine released June 2014...
Quote:
Originally posted by Twai
Girl he dead
So many dead people been brought to life by this news
Aw, isn't Katy's contract with her label running out soon? This will be a good chance for her! It will be exactly like how she got her first record deal, except this time it will be on camera!
How did I know the first post would be about Katy?