Dreamville is expanding.

Variety announced today (October 12) that J.Cole’s Dreamville Records will be launching two companies, Dreamville Ventures and Dreamville Studios.

Dreamville Ventures is a multi-disciplinary media company, which former editor-in-chief of Complex Media, Damien Scott will take on the roll as president.

Former Senior Vice President of Development at Wilmore Films, Candace Rodney will serve as executive vice president as well as the president of Dreamville Studios, a content studio that will produce original and co-produced content.

The newly launched companies will focus on the verticals across music, TV, film, publishing, apparel and live events, including the annual Dreamville Festival.

“Dreamville has always been a mom-and-pop operation with grand ambitions and ideas that extend far beyond music.” says, J.Cole. He continues, “The hiring of Damien and Candace not only expands our family business with two of the smartest and most capable executives in the industry, but allows us to take a massive leap towards turning those big ideas into reality”.

Dreamville co-founded Ibrahim Hamad adds, “Dreamville is a brand we built from the ground up and the appointments of Damien and Candace allows us to take the company to levels we’ve always dreamed of while keeping our core values and beliefs at the forefront of our expansion.”