Nas is parting ways with Def Jam Records to set up his own independent label.

Billboard are reporting that the hip-hop legend will launch Mass Appeal Records later this year. The company is co-founded by Peter Bittenbender, 36, of Decon Records. According to Nas, the label will "support future careers and legacy artists, promote love and find new genius to help the world."

Mass Appeal's first release is set to arrive late this summer and will be an annual compilation featuring the likes of Pusha T, Mac Miller and A$AP Mob. A collection of previously unreleased Nas tracks 'Lost Tapes 2' and a posthumous Pimp C album are also in the works.

Watch the video 'Daughters':