Knowing the difference between mixing business and personal relationships is key within the music industry, and for T.I., sacrificing a connection wasn’t worth the risk. What’s more, he says he turned down the opportunity to sign two of the hottest emcees of the current generation because he knew it would come with a price tag worth far more than money.

Kevin Liles continues to make money moves in the music industry. In a recent press release, it was revealed that the independent label 300 Entertainment — which Liles heads up — has just been sold to Warner Music Group in a deal that’s reportedly worth $400 million. As part of the deal, Kevin Liles will be appointed Chairman & CEO across 300 and Elektra Music Group. And while the day-to-day operations of Elektra — which distributes Fueled By Ramen, Roadrunner Records, Low Country Sound, DTA Records, and Public Consumption — will continue to be run by Co-Presidents Mike Easterlin and Gregg Nadel. “At 300, we’re all about freedom – the freedom to create, the freedom to be intrapreneurs and entrepreneurs, the freedom to make music that changes the world,” he said in a statement provided in the press release. “Independence is in our DNA and the team at Warner is like family, which makes this a natural evolution for us to do bigger family business. It’s the perfect home for 300 artists...

Young Thug is proposing a one-of-a-kind challenge for creators to flex their creativity with some help from Adobe. According to Complex, the Atlanta rapper has formed a new partnership with the software company to create the Young Thug Jacket Print Challenge — a contest that invites creators to showcase what “punk” means to them using digital assets curated by Thug. Those assets will then become the foundation for a custom jacket design inspired by the rapper’s forthcoming album, “Punk.” “Creativity comes in many forms, but combine music, design, and fashion in the form of visionary artist Young Thug, and you’ve got magic,” Ann Lewnes — CMO and Executive Vice President of Corporate Strategy & Development at Adobe — tells Complex. “Adobe’s thrilled to be partnering with creator extraordinaire Young Thug on a number of exciting creative projects around the launch of Punk.” This partnership isn’t the first time Adobe has extended an opportunity to creators and given them a chance to...