News: Lil Wayne's Young Money Reportedly Signs Lil Twist For $1.3 Million
Monday, Mar 22, 2010 1:05PM
Young Money associate Lil Twist officially inked a deal with Lil Wayne's label after touring with the incarcerated rapper's crew for over a year.
According to reports, the deal is official and a debut album is in the works.
Drake and Nicki Minaj aren't the only ones in Young Money creating industry buzz. Now teen rapper Lil Twist, who has long been associated with Young Money has officially signed his deal with rapper Lil Wayne's label Young Money Entertainment. Lil Twist has officially inked his contract with Universal/Young Money, with a rumored 1.3 million dollar signing bonus. Twist's debut album is set for release late this summer. His official single "Love Affair" is gaining lots of attention from the fans and he is shooting a video for that in the upcoming week. (New Lil Wayne)
The rapper is known for displaying his YM loyalty on public outlets like UStream and Twitter.
"#LilTwistIsReal i talked to my big brother Weezy over the phone and i told him about these rumors....," he wrote over the weekend. "He didnt care lol... all i heard was WE YOUNG MONEY we dont trip off of nothing like that we got millions to make and to satisfy our fans! Tell me why you think im real.... #LilTwistIsReal because....?what im about to hop in the shower but go ham and im gone start following! YMCMB taking over Miami lol we on the back of city buses lol let's get it Uncle @birdman5star http://twitpic.com/1a3jof" (Lil Twist's Twitter)
Weezy's Young Money Entertainment was reportedly launched six years ago.
Young Money Entertainment aka Young Moola is an American hip-hop record label which was founded in 2003 by Lil Wayne. The distributing label is Universal Music Group and the label is an imprint of Cash Money Records. The president of Young Money is Mack Maine who took over from Cortez Bryant in 2009. (Lil Wayne HQ)
Other artists under Wayne include Mack Maine, Tyga, Shanell and New York's Jae Millz who signed in 2008.
Lil Wayne continues to expand his Young Money Entertainment imprint, this time by signing Harlem rapper Jae Millz. Lil Wayne announced the new signing during a show at a full house in Newark, NJ. Jae Millz later confirmed the deal when talking to Complex Magazine by saying "Yeah, we just drawing up the paperwork, but I've been rocking with [Lil Wayne] since the first week in 2008," continuing with " I've just been keeping stuff low, but Young Money is what it is, and I'm still Wanna Blow." (Rap Basement)
Check out some past Lil Twist footage down below: