The pair signed papers on Tuesday in New York City in front of a small media gathering at Roc Nation’s midtown headquarters.
Speaking to Rolling Stone, the rapper says that the “extra seven years” since the original venture have given him a fresh perspective and a time to “grow in business, period.” “I think the time is now,” Meek says. “I’m 32 years old, I’m in a nice spot in the music business and I think it’s time for me to focus on growing artists because that’s what I love to do. I love to spend time on helping artists grow, and I think it’s time for me to dive in, business-wise.”
As president of the Dream Chasers label under the Roc Nation brand, Meek will oversee a team in a corporate New York office and also help operate a recording studio for the label’s artists.
On Meek Mill’s new record label at Roc Nation, Jay-Z said: “The overall and overarching view is for us to boss up and do things together and pull each other up and get control of the things that we produce.”
Sharing the news on Instagram, Meek also wrote: ‘Dream Chasers Records x @rocnation official joint venture label “Black entrepreneur, nobody did us no favors…Nobody gave us shit, WE MADE US” – HOV.’