The 65-year-old singer has faced criticism over his new pro-Israel song We Will Dance Again and he has revealed he has parted ways with Tony Pontius, who has run his label BGP for several years, after the executive distanced himself from the track.
George wrote on X: "In Buddhism we understand that every action comes with a consequence. Due to my decision to stand up for my Jewish friends, I am losing a few people from my life.Â
"Today I parted company with Tony Pontius who has run my record label BGP for a number of years.
"I wanted to release We Will Dance Again, but he was unequivocal and said, 'I want nothing to do with this song', and I responded, 'Ok, we are done'.
"When someone is gutless, it really does not hurt to say goodbye. My faith in humanity will not diminish and the truth will always win. I will release it!"
The news came after George pulled out of playing King Herod in a production of Jesus Christ Superstar, just days before his stint in the role was due to start.
The Culture Club singer himself has addressed the controversy surrounding We Will Dance Again - which was inspired by the October 7 2023 Hamas attack on the Nova Music Festival in Israel, which killed more than 1200 people and triggered the ongoing war in Gaza - and insisted he is "devastated" by the loss of innocent lives in both Israel and Palestine.
In a statement shared on social media, he said: "Sometimes, I realise that being an air sign I expect the world to understand me without having to explain myself.
"The suggestion that I feel no compassion for Palestinian's is both untrue and absurd.
"I am devastated for the loss of the innocent lives on both sides of this war and I call for peace.
"My personal opinion is that this is sadly a war, but not an attempt to wipe out Palestine. But I respect that everyone has their own opinions and believe we should all be allowed to have that right.
"I come from a place of peace. I am a jew loving, trans hugging queer hippy and my mother would be proud of me."