Jay-Z and his Roc Nation roster have joined Universal Music Group.

Hova's Roc Nation imprint - which includes a roster of artists like Rihanna, J. Cole, Shakira and others - has signed a multi-year deal with UMG, where Jay previously worked as the president for Universal's Island Def Jam imprint. According to the Wall Street Journal, the Roc will act as an independent stand-alone label.

“This agreement presents a unique opportunity for Roc Nation’s artists — being able to continue to operate as an independent label with the strength, power and reach of the best major," Jay said in a statement. "I look forward to a long and prosperous collaboration with UMG. It feels good to be home.”

The news comes on the heels of last week's announcement that Roc Nation has expanded to include a sports management division, with the New York Yankees' Robinson Cano becoming the first signed athlete.