UPDATE: iLoveMakonnen has released the following statement about his departure from OVO Sound: "I cannot thank OVO, 40, Oliver, Future & Mr. Morgan, enough for all that they have done for my career. No words can express how much I appreciate Drake for being a part of the success of Tuesday. I’m sure the haters will have something negative to say, but all in all my choice to be solely on Warner Bros Records was the right thing for me and for my best interest. Sorry there’s no beef to report, DRINK MORE WATER.”
iLoveMakonnen is no longer signed to OVO Sound, a source tells Billboard. In September 2014, the Atlanta rhymer was the latest addition to Drake's roster, especially after teaming with the label boss for his breakout smash "Club Goin Up On A Tuesday" off his 2014 self-titled debut EP.