Cash Money Records has made the decision to link up with Chase Records for a multi-million dollar deal that also includes Republic Records.
Business Wire reports that the new venture will see the debut album of 17-year-old Austin Mahone released through it as its first joint project later this year.
Under the Cash Money deal, Chase is said to be tasked with expanding influence and impact within pop music and looks to push more new talent through the venture in the future.
Cash Money Records co-founder and co-CEO Ronald ‘Slim’ Williams said: “We’ve been colleagues with the Chase team for a while.
Fellow Cash Money Records co-founder and co-CEO Williams commented: “We were extremely impressed by everything Chase Records has done with Austin. We bonded over a similar mindset, and it made sense on every level to team up. I can’t wait to see what we collectively accomplish.”
Chase Records team Michael Blumstein, Rocco Valdes, and David Abram added: “Cash Money’s support will be integral to the next phase of Chase Records and their artist development. It’s amazing to join forces with one of music’s most respected and revered entities. It’s clear to us that our label and our artists are a priority at Universal with both Cash Money and Republic Records behind us.”
This sounds very interesting. No matter what Cash Money does you can never deny that they aren’t making decisions that will benefit them to get to the MULA! This should be interesting to see how this partnership turns out.
