Meek Mill and Jay-Z are partnering to bring Meek‘s Dream Chasers Records into the Roc Nation fold. The two signed papers Tuesday in New York City in front of a small media gathering at Roc Nation‘s midtown headquarters.
Holding the title of president of Dream Chasers, Meek will oversee the label and build a staff to sign and develop artists. The label will also handle its own operations, creative strategy, marketing and business affairs. Meek is also planning to open a recording studio for use by the label’s artists.
“Everything he has done leading up to this point shows he is ready to [lead] the next generation,” Jay-Z said. “We look at the big picture — this is way beyond signing artists and having hot records.”
The label has no artists signed yet and no time frame to get started. He’s jumping into the label business after having a string of major success — three of his four Maybach/Atlantic albums have gone platinum and two have gone to No. 1. His 2018 track with Drake, “Going Bad,” peaked at No. 6 this year and is two times platinum.
His goal is to sign artists with staying power rather than ones who might enjoy a month of success via social media channels. Jay-Z noted that Meek has been forwarding him plenty of music: “He has a super keen eye.”