Jay Z dream chasers meek mill
Getty Images / Kevin Mazur

According to Variety , Meek Mill will launch his Dream Chasers label under JAY-Z‘s Roc Nation. Meek will serve as the president of Dream Chasers, overseeing the label and appointing staff to sign artists. Dream Chasers will run its own operations, creative strategy, marketing, and business affairs, and open a recording studio for its signees.

“Everything he has done leading up to this point shows he is ready to [lead] the next generation. We look at the big picture — this is way beyond signing artists and having hot records,” says JAY-Z.

Variety reports that Meek Mill will continue to record for Maybach/Atlantic, with plans of sharing new content before heading out on tour with Future on August 28. Meek created his Dream Chasers imprint back in 2012, but most of the releases were limited to mixtapes.

“I think it’s time for me to dive into the business,” he said. “I’m 32 years old, I’m in a nice spot in the music business and I can help artists.”

The Philadelphia rapper has yet to sign any artists to Dream Chasers, as he is looking for musicians with staying power. In addition to partnering with JAY-Z and Roc Nation to launch Dream Chasers, Meek Mill recently acquired ownership in sports apparel retailer Lids.

Following this exciting development, the Pennsylvania appeals court recently overturned the rapper’s conviction in a drug and gun case that has held him back for over a decade. AP reports that Meek Mill will now be granted a new trial due to “new evidence of alleged police corruption.” If the case is retried, AP predicts that he will be acquitted of all charges. Meek Mill released the following statement along with a tweet about the development:

“I’d like to thank the Pennsylvania Superior Court judges for their wisdom and transparency in reviewing my case, unanimously overturning my conviction and granting me a new trial. The past 11 years have been mentally and emotionally challenging, but I’m ecstatic that justice prevailed. This positive outcome wouldn’t have been possible without the support of my family, my attorneys, JAY-Z, Desiree Perez, Michael Rubin, the Philadelphia District Attorney’s office and my supporters who have stood with me through the ups and downs. Unfortunately, millions of people are dealing with similar issues in our country and don’t have the resources to fight back like I did. We need to continue supporting them. I’m committed to working with my team at the REFORM Alliance to change these outdated laws and fix our broken criminal justice system.”

On this week’s episode of The Dropcast, we are joined by photographer Cam Hicks and Angelo Urrutia, your favorite influencer’s favorite influencer’s favorite behind-the-scenes creative director. Enjoy.

Not NYC, not LA.