Kanye West's G.O.O.D. Music Inks Deal with Island Def Jam

Kanye West's independent label G.O.O.D. Music has signed an exclusive long-term worldwide label agreement with Island Def Jam Music Group.

In making the announcement, Kanye West was joined by Chairman & CEO of Universal Motown Republic and Island Def Jam Barry Weiss and President & COO of Island Def Jam Steve Bartels.

"Kanye's genius has been proven time and time again on records and onstage," Bartels said. "He not only pours it out for himself, but he has made the difference with his presence on innumerable projects with other artists who are indebted to him. Kanye is an integral core member of the IDJ family, and G.O.O.D. Music continues his unselfish tradition of bringing along great new artists to the forefront."

Weiss commented on Ye's success. "As a recording artist and a producer over the past eight years, there is no one who has made a greater impression on the game than Kanye. We look forward to working closely with the new and established artists that he will be bringing to G.O.O.D. Music, which is already off to an impressive start with Big Sean."

The agreement will be complete with the release of Big Sean's debut studio album, "Finally Famous," which hits shelves tomorrow, June 28. The album boasts Sean's track "My Last," featuring Chris Brown, which currently holds the No. 1 slot on Billboard's Rap Songs chart.