Meek Mill Teams Up With Billionaire Jay-Z to Launch Record Label

Meek Mill and Jay-Z are now business partners joining forces to create "Dream Chasers" record label.

Meek Mill and Jay-Z celebrated their new venture on Tuesday at the Roc Nation headquarters in New York City, signing their contracts while popping bottles of champagne to celebrate the lucrative partnership.

Speaking with reporters Tuesday 32-year-old Meek said,

"Of course I had offers to do a lot of business with other people, but the relationship we’ve built from [Roc Nation] believing in me through my whole career, through my ups and downs and the morals they showed to me and my team when it wasn’t in their best interest to have showed it, I feel comfortable going through this right here at home."

He added, "We’re ready to work. We’re just starting the beginning of a new chapter, a new page."

Meek also praised Jay-Z for a recent interview with Gayle King in which HOVA talked about the importance of understanding the responsibility that comes with fame and success.

"The music and culture we create, you know, we've been giving it away for so long," Jay told King.

He then explained, "Which is understandable, you've got to start somewhere. You've got to clean the floors up before you own the building but we don't shine shoes anymore."

Jay-Z and Meek not only joined forces in the music industry, but earlier this year they formed a coalition that lobbies for changes to state probation and parole laws, called the Reform Alliance.

Meek has famously become a symbol for criminal justice reform activists after a judge in Pennsylvania sentenced him to prison for minor violations of his probation conditions in a decade-old gun and drug possession case.