Sandy Lal, Lil Flip's attorney and manager, announced today that he has successfully negotiated the release of the multi-platinum rapper from his contract with the Sony Music Group. The terms of the release allow Flip to retain ownership of the master tapes of I Need Mine, the rapper's CD, which had been scheduled for release on June 27th.

"Flip and I are ecstatic," says Lal. "Our relationship with Sony has been quite fruitful. But I’ve always believed that Flip's potential is virtually unlimited, and we're really eager to take it to the next level. Being able to walk away with the masters to I Need Mine is an absolute victory." Lal is the executive producer of I Need Mine.

A teenage prodigy out of Houston crowned “King” by the legendary DJ Screw, Lil Flip first made a name for himself with the Leprechaun. The significant regional success of this independent release led to a contract with Loud/Sony and the subsequent issuing of two albums. The first, Undaground Legend, was released in 2002 and included the hit single, "The Way We Ball." It quickly achieved platinum status, for sales of over one million units. The second, U Gotta Feel Me, was released in 2004 and included the hits "Game Over" and "Sunshine." It was ultimately certified double-platinum. (The latter, produced by Lal and his partner Carlos Hassan, climbed to number one on Billboard's Hot 100 Singles chart and won a BMI Urban Award and a BMI Pop Award for the Most Performed Song of 2004.)