Earlier this year, Mac Miller announced that he was leaving Rostrum Records and going independent with his own label, REMember Music. Today, Fader is reporting that Mac is signing a new deal with Warner Bros Records, which will cover both him and his label with artists he signs. The deal, which is reportedly worth an astonishing $10 million, will give Mac the freedom to sign and develop artists to his label while still working on his own solo music as both a rapper and producer.

"Warner is the most independent thinking company I met with," Miller told The FADER in an email. "It is a partnership and now I can focus on building my label Remember through music and let them handle everything I don't like doing. Nothing will change in how I do things." He added: "They have Prince."

In addition to the major news, Mac has released a new song, "Just Some Raps, Nothing to See Here, Move Along," which is produced by his frequent-collaborator, SAP. Despite not dropping an album this year, Mac stayed pretty busy, releasing his highly-acclaimed mixtape, Faces, as well as working with a number of artists both as a rapper and producer.

Listen to his new cut below.