Chet Hanks is officially signed to Soulja Boy's SODMG label, which they both announced on Instagram Tuesday night.

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"It’s going down, man,” said Soulja. “Chet Hanks, man, my new artist signed to SODMG Records as the first rapper signed this year. It’s going down. Big Draco. We about to make history, you know what I’m saying? SODMG. Album on the way. Just wait.”

Soulja also signed Skinnyfromthe9 to his label over the summer, so it seems the "Crank That" rapper is focusing on being a label boss these days.

As for Hanks, who's the son of actors Tom Hanks and Rita Wilson, he released the single "White Boy Summer" in April and the cut DAMN! in June.

Why do you think Soulja would sign him?