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Just few hours after Lil Wayne left Cash Money group and sues Birdman, Lil has teamed up with TI to form a new record label. 

Meda Take out reports that: 

According to TWO independent sources, one close to TI - and one close to Wayne - TI and Wayne have been holding SECRET negotiations to form a record label of their own. The label would NOT be called Young Money or Grand Hustle - it would have it's own name.
One insider explained, "Wayne has the rights to Drake and Nicki Minaj and TI has the rights to Iggy Azaelia." So when it's all said and done - the new label would have Wayne, Drake, Nicki, TI and Iggy under ONE UMBRELLA - WOW TALK ABOUT FIRE!!!



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