[1][2][3] As of 6 July 2020, Illionaire Records announced via their official social media accounts that they are now defunct.

"On major labels, the money made by the artists is first given to the company to pay the bosses, managers, and staff members.

[2] The label experienced a surge of popularity in its first few years due to Dok2's many collaborations with Korean-American singer and rapper Jay Park.

"[5] In 2014, the label were the headliners for the "Asian Music Festival Summer Concert" in New York City on May 21.

On 6 February 2020, Illionaire Records announced via Instagram, founding member Dok2 and the label mutually agreed to terminate his contract.

Since Korea had really conservative beliefs, it was hard to mingle with a culture that expresses freedom and criticizes society, like Hip-hop does.

2020 10th Gaon Chart Music Awards Record Production of the Year - Changmo "Meteor" (for Ambition Musik)