Written and produced by Rico Love, Earl Hood, and Eric Goudy II, the track belonged to singer R. Kelly.

Three different versions were made, with one being released as the official lead single from Monica's seventh studio album New Life on February 10, 2012, through RCA Records.

The video was inspired by the films Thelma & Louise (1991) and Waiting to Exhale (1995), and portrays the singers in dysfunctional relationships and helping each other in both situations.

[9] In April 2012, Monica that the song was initially produced for and belonged to R&B singer R. Kelly and was intended to be part of his 2012 album Write Me Back.

"[14] Rico Love commented on the recording sessions of the song in an interview with magazine Rap-Up, saying that "it was a really interesting situation because of the history that was in the room and the energy was so positive.

"[17] According to John Mitchel also of MTV, "the fierce twosome are joining forces against to kick the no-good men in their lives to the curb.

Andrew Hampp of Billboard gave the song a mixed review, saying "it's about five notches below Beyoncé's 'Irreplaceable' in the sass department, and could use an extra hook or two.

Music, however, said that the song's message "is tougher and more humiliating to the male ego than Beyoncé's 'Irreplaceable'," while describing it as a "fluttering piano ballad.

[21] Elena Gorgan of Softpedia said that the collaboration was "worth the wait,"[22] while Michael O'Connell and Shirley Haperin of The Hollywood Reporter thought that it "serves as a solid showcase for two voices that reached their pop culture pinnacle 14 years ago.

"[23] Entertainment Weekly writer April Daley found surprising that Monica and Brandy didn't collaborate earlier in their career, as they've reportedly been close friends for years.

"[25] AOL Music's Kenneth Partridge commented on the track, saying, "they've been burned by their fellas, and they they're not shy about showing some sisterly solidarity and standing up for themselves.

"[27] Dan Martin of NME commented that "It All Belongs to Me" is "not the gold comeback standard" that people were expecting, and stated that despite "groovy references to 'Facebook' and such, this neither a) picks up the story of the original song or b) pits the ladies against each other.

"[29] He continued, "while 'The Boy is Mine' brilliantly played the two singers off against each other, fuelling the supposed rivalry the song itself generated, 'It All Belongs to Me' is a fairly rudimentary 'man's done me wrong and he needs to leave' mid-paced strumalong.

"[29] HitFix blogger Chris Eggertsen rated the song a D+, saying that it has been many years since "The Boy is Mine" came out, and wondered if people would actually care about a Brandy/Monica reunion.

[20] Eggertsen also noted that the song's production sounded quite dated, and finished his review saying that both singers will need a stronger single for a real comeback.

[20] Amanda Dobbins of New York said the track is basically a "karaoke-friendly answer" to "Irreplaceable", "though B&M are more concerned with itemizing what, exactly, is still theirs (clothes, cars, rings, and, hilariously, that Macbook) than directing the gentleman where to put his things.

[31] Brandy described it to Rolling Stone as a girl empowerment video, "sort of like a 'Thelma & Louise',"[32] and revealed that, according to the storyline, they're "both in dysfunctional relationships, ... helping each other through both situations.

As they leave, they carry a MacBook, a golden box and a suit, while placing the items inside the car Monica had previously given her lover.

[38][39] Flistch also commented, "not that we promote arson or anything, but we're just super happy Brandy and Monica are getting along – clearly, no man is worth holding on to a years-old grudge.

[40] Robbie Daw of Idolator also said that Monica and Brandy looked "stunning", but added that the plotline of the video could have been more creative.

[41] Maritess Calabria of RyanSeacrest.com thought that the video reflects on how women can be powerful in terms of money in a relationship, and completed, "just as easily as they give it, they can take it all away.

"[42] Chris Eggertsen of Hitfix gave the video a negative review, and said "that it feels as lifeless and pre-fab as the song it's been built around.

"[43] New York journalist Amanda Dobbins said that the video "isn't exactly a barn-burner" as the song either, and joked that a large part of the production's budget "was blown on the Macbook in question.

[45] Robbie Daw of Idolator considered the performance as impressive and soulful, noting, however, that listeners seemed to prefer the singers feuding days.

The singers visited BET's 106 & Park to premiere the music video for the show and talk about their tour, comeback and Whitney Houston.

[50] They also visited WWPR-FM's The Breakfast Club, and participated on VH1's Big Morning Buzz Live, where they played a game inspired by the song.

[51] During their promotional tour, both singers were interviewed on SiriusXM's Sway in the Morning,[52] while Brandy appeared on a Reebok Classics Icons campaign during a New York Knicks game on the week of March 23, 2012.

[57] Sample credits[60] Notes On the chart issue dated February 23, 2012, "It All Belongs to Me" debuted at number 66 on Billboard's Hot R&B/Hip-Hop Songs.