Meek Mill re-launched his Dream Chasers label as a joint venture with Jay-Z's company Roc Nation.

Meek will be the president of the label, build a staff, and develop new talent.  He will be opening a studio so his artists won't have to go elsewhere to record and all marketing strategies and business affairs will be handled in-house. 

“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," said Jay about the partnership.

Jay also talked about his relationship with the "Uptown Vibes" rapper, who's 2008 drug and gun conviction is expected to be overturned soon.

“When Meek and I connected, we connected on a level beyond him being a great rapper,” he explained. “Just who he is, his honesty, his sense of responsibility. He just came out of a situation and pulled people together. He turned a negative thing into something positive. I know he can make music  — you’ve heard it. I think he cannot only make music, but make stars. Not only make stars but make films."

Meek will continue to release his own music under Maybach/Atlantic.

How do you think Meek will do as a label boss?