Seems like Ace Hood's hustling has paid off in a big way. On Monday night, on the set of DJ Khaled's "Take It to the Head" video shoot, Birdman made a very special announcement to MTV News correspondent Sway Calloway concerning Ace Hood and Khaled's budding label.

"I'd like to let the world know that Khaled's brand, which is We the Best, is officially signed to YMCMB and the first act coming out that umbrella ... will be Ace Hood," Birdman said. "I always wanted to have a chance to work with Ace Hood."

Ace has kept close ties with Birdman's Cash Money/ Young Money camp. Birdman appeared on "This N---a Here," a track off from Ace's 2009 sophomore effort Ruthless, and Lil Wayne jumped on Hood's "Hustle Hard" remix last year. Baby has had his eye on Ace for a while now, but he was signed to Def Jam. At press time, it is unclear whether Def Jam is involved in this new deal.

"We wanted to do it right, set it up right. I think Ace Hood is a superstar," the #1 Stunna said. "I love his work ethic, I think he's a very talented young man and he gonna be a big superstar in this business and I wanted to be the one to help him become that. It was important to me."

So now, through Khaled's We the Best, Ace Hood joins Drake, Nicki Minaj, Tyga and, of course, Lil Wayne on the already-powerhouse label. "When you got a young man with that kind of focus, you never know how far he can go in this business," Birdman said.

What do you think of Ace Hood calling YMCMB home? Let us know in the comments!