During his performance at KMEL Summer Jam yesterday (June 13), Lil Wayne mentioned a business venture. 

“I just signed a deal with my muthafuckin’ idol Jay Z,” Lil Wayne said while on stage, per an Instagram post from hellabootsy.

In the clip, the New Orleans rapper did not specify what the deal was, though he had already announced that he had become a member of the ownership team of the Jay Z-fronted streaming service TIDAL.

Lil Wayne is also in the midst of try to get off of his longtime recording home, Cash Money Records.

He also has hired royalty collection company Kobalt in an attempt to gather royalties he believes are owed to him by Cash Money.

For additional Lil Wayne coverage, watch the following DX Daily:

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(June 14, 2015)

UPDATE: Cortez Bryant clarified Lil Wayne’s comments about signing with Jay Z.

“The Internet and blogs took his words out of context,” says Bryant, who is Lil Wayne’s manager, according to Billboard. “When Wayne was speaking about the partnership with Jay Z, he was speaking about his new deal as an artist owner with TIDAL.”

Several publications reported that Lil Wayne had signed to Roc Nation.