Rapper Drake has officially signed with Young Money, the label founded by rapper Lil Wayne, according to anonymous sources. Drake, a native of Canada, has been affiliated with Lil Wayne since he emerged on the scene and has released a pair of mixtapes that have been heavily downloaded. "Today is a definitely a comfortable day for me, having my team now that's been in place for a couple of years. It's just a great day," Drake told MTV News. "It's something new, but it feels familiar."According to MTV, the signing is a joint venture between Young Money and Cash Money Records and that his upcoming project Thank Me Later, would be distributed by Universal Republic.
According to the report, Drake officially remains a Young Money artist. "Independent is a funny term. I can go independent, but you need distribution, period. You need somebody to distribute your record and you need that army that a label has to really push the record," Drake said.Drake had previously indicated that he would be making an announcement soon.Drake performed last night at the BET Awards with Lil Wayne, Baby and Young Money.