Cash Money Records Announces Multi-Million Dollar Partnership with Chase Records

Business Wire

NEW YORK--(BUSINESS WIRE)--

Cash Money Records has officially entered into a multi-million dollar partnership for an undisclosed amount with Chase Records. This is the start of a multi-million dollar venture between both entities.

Now, under this unique collaborative initiative between Cash Money and Chase, 17-year-old rising superstar Austin Mahone will release his hotly anticipated full-length debut album later this year. With these industry powerhouses on board, it's undeniably poised to be one of the biggest pop breakouts of 2013.

This is only the beginning for the partnership between Cash Money, Chase, and Republic Records. Chase will augment Cash Money's foothold in the pop world, expanding the label's sphere of influence in the genre and strengthening its overall impact. With more projects on the horizon, they've formed a genuine dream team for all forthcoming releases. Austin's success established Chase as a launch pad for new talent, and Cash Money proves the perfect partner.

Cash Money Records co-founder and co-C.E.O. Ronald "Slim" Williams feels that excitement as well. "We've been colleagues with the Chase team for a while," he says. "As we continue our expansion, Chase Records is the perfect partner for Cash Money as we're both striving for excellence and now we're going to make history together. We've been watching Austin ascend to the ranks of pop music's elite. He's one of pop's most promising and powerful young contenders, and he's on his way to becoming a leader for the genre. As a brand, we cherish the chance to work with stars of this caliber."

Cash Money Records co-founder and co-C.E.O. Bryan “Baby” Williams aka Birdman adds, “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.”

Meanwhile, the Chase Records team Michael Blumstein, Rocco Valdes, and David Abram agree, "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.

Together, Chase Records and Cash Money Records are ready to take over pop music. Their first project together will be the upcoming debut album release from Austin Mahone.

Austin Mahone continues to solidify himself as a genuine musical phenomenon as well. This past weekend at the MTV Video Music Awards, he took home the high honor of "Artist To Watch", and his irresistible new single "What About Love" has accumulated over 32 million YouTube/VEVO views and counting.

For more information, please visit Austin's official website, www.austinmahone.com.

ABOUT REPUBLIC RECORDS

A division of Universal Music Group, the world's leading music company, Republic is home to an all-star roster of multi-platinum, award-winning legends and superstar artists such as Amy Winehouse, Ariana Grande, Black Sabbath, Colbie Caillat, Enrique Iglesias, Florence + the Machine, Godsmack, Gotye, Kelly Rowland, Owl City, Of Monsters & Men among many others.

It is comprised of innovative imprints and digital business ventures including Brushfire (Jack Johnson, G. Love), Cash Money (Lil Wayne, Drake, Nicki Minaj), Lava Records (Jessie J, Lorde), Loma Vista (Soundgarden, Damian Marley), Monkeywrench (Pearl Jam), NBC's The Voice (Cassadee Pope, Danielle Bradbery), Republic Nashville (The Band Perry, Florida Georgia Line, The Eli Young Band), XO (The Weeknd), among others.

About Cash Money Records

Since 1991, Brothers Bryan "Birdman" Williams aka "Baby" and Ronald "Slim" Williams have built Cash Money Records into a legendary force in the music industry. Through tireless devotion and an unparalleled work ethic, the duo founded the legendary label in the New Orleans housing projects and elevated it into a multimillion dollar empire and cultural tastemaker. Not only is the company revered as an iconic and enduring global street brand, it's become the most successful independent record label in America. Boasting a bevy of chart-dominating, multi-platinum artists and Grammy Award winners and cumulative sales over 100 million albums worldwide, the roster includes Lil Wayne, Drake, Nicki Minaj, Jay Sean, Bow Wow, Tyga, Limp Bizkit, Ace Hood, and more. In addition, it houses imprints such as Lil Wayne's Young Money Entertainment and DJ Khaled's We The Best Music Group as well as a publishing arm Cash Money Content. Today, Cash Money Records is distributed by Republic Records part of Universal Music Group, the world's largest music company.

About Chase Records

Chase Records, an imprint of Universal Music was founded by Michael Blumstein, Rocco Valdes and David Abram. This team joined the Universal family with distribution, marketing and radio promo through Universal Republic. The label first focused their efforts on teen pop sensation Austin Mahone and have been off to a strong start ever since with future acts in the pipeline.

Contact:
For More Information:
PMK*BNC
Erica Gerard, 212-373-6108
Erica.Gerard@pmkbnc.com
or
Cash Money Records
Vickie Charles, 212-331-2110
vickie.charles@umusic.com

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