Drake Makes it Official with Cash Money Ent.

After weeks of speculation, Drake has chosen to go with the home team and sign with Lil Wayne’s Young Money Records, according to a source close to the situation. The deal breaks down as a joint venture between Young Money and Cash Money, with Universal Republic distributing. Drake’s management was adamant that he should be viewed as an independent artist, although Universal will distribute the project.

“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 said. “It’s something new, but it feels familiar.”

Drizzy is excited about having a corporate push to help with the momentum he’s gained independently.

“Independent is a funny term,” he told MTV News on the set of his video for “Best I Ever Had.” “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.”

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