Hip hop label Illionaire Records has formally closed after 10 years of operation.
On July 6, the label introduced by means of social media, “Illionaire Records has accomplished our lengthy 10-year journey, and our artists will every be starting their personal respective journeys. Thank you on your steady assist all through the years, and we ask on your assist for our artists as they set out on their new paths. Thank you as soon as once more.”
Illionaire Records’ 10 years journey has been closed. Thank you a lot for the love and assist. pic.twitter.com/pgcXRPkChd
— ILLIONAIRE RECORDS (@1LLIONAIRE) July 6, 2020
After the announcement, The Quiett, a co-founder of the label, wrote on his social media account, “Thanks for every part!” Numerous hip hop artists, together with BewhY, Palo Alto, Hangzoo, Jay Park, and extra additionally left feedback exhibiting their assist for the artists beforehand beneath Illionaire Records.
Illionaire Records was first established in 2011 by Dok2 and The Quiett. Other artists beneath the label included rapper Beenzino, and rappers Changmo, Keem Hyoeun, and Hash Swan have been signed beneath Illionaire Records’s extra label Ambition Musik.
The determination to shut operations adopted after Dok2, one of many co-founders, left the label in February this yr. In addition, Beenzino introduced on July 2 by means of a reside broadcast on his Instagram account that he could be parting methods with Illionaire Records, citing a want to discover a new setting by which he might develop as a musician. He defined, “I believe I wish to meet new music companions. I’ve stayed in a snug place for too lengthy.”
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