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

Meek the president of the label, will build a staff, and develop new talent. He will also be opening a studio so his artists won’t have to go anywhere elsewhere to record and all marketing strategies and business affairs will be within the label.

“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.

Hov 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 drop his own music under Maybach/Atlantic. For the culture this is great we’ve gotta a chance to witness this from the ground up !!