Jay-Z and Meek Mill Join Forces to Launch Dream Chasers Record Label

"Coming into the music industry, of course, there's always the people you admire, there's not too many people I admire on a music level and a business level and on like, as a man level. So doing business with Hova is like, like even when we talk I always explain it to him like that that was crazy, it's a regular day for you but this is a part of my dreams being in this situation," -Meek Mill

Music mogul/businessman Jay-Z and hip-hop artist Meek Mill, are getting into business together with the announcement of Meek’s new record label: Dream Chasers. The label is a joint venture with Jay-Z's Roc Nation and marks the beginning of a new chapter for Meek on the business side of the music industry.

In 2017, Meek Mill became the poster child for criminal justice reform when a Philadelphia judge sentenced him to two to four years in prison for minor probation violations. He would go on to spend months behind bars before a court ordered him to be released in April 2018. Last Tuesday, Meek’s lawyers asked a Pennsylvania appeals court to grant Mill a new trial.

In an excerpt of their interview with "CBS This Morning" co-host Gayle King, Mill and Jay-Z open up about why they think it's important to establish a legacy as entrepreneurs for the next generation of artists and their shared backgrounds.

"The music and culture we create, you know we've been giving it away for so long. Which is understandable, you've got to start somewhere. You've got to clean the floors up before you own the building but we don't shine shoes anymore," Jay-Z told King.

For more of Gayle King's interview with Meek Mill and Jay-Z, tune in to "CBS This Morning" on Thursday, July 25.