Hip Hop Label Illionaire Records Closes down After 10 Years
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The business has come to an end.
On July 6th, the label took to social media and announced, "Illionaire Records has completed its long 10-year journey and the artists will each be beginning their own respective journeys.
Thank you for your continuous support these years and we ask for your support for our artists as they set out on their new paths. Thank you once again."
Illionaire Records was established in 2011 by Dok2 and The Quiett.
Other artists under the label included rapper Beenzino, and rappers Changmo, Keem Hyoeun, and Hash Swan were signed under Illionaire Records' additional label Ambition Musik.
The decision was made after The Quiett remained the only active artist left on the label.
Back in February of this year, co-founder rapper Dok2 left the label to focus his career in the States.
On July 2nd, remaining rapper Beenzino was also considering making his departure as he desired "to find a new environment in which he could grow as a musician."
Beenzino revealed, "I think I want to meet new music partners. I've stayed in a comfortable place for too long."
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