On January 28, 2014, at a show at the Theater at Madison Square Garden, Cole announced that his Dreamville imprint had signed a distribution deal with Interscope Records, which celebrated his 29th birthday. Attendees at the show received a flyer announcing the deal and a copy of the mixtape, while officially announcing the signing of Bas. J. Cole explained the deal with Billboard saying:
Handwritten letter written by J. Cole on the Interscope deal
"The deal's been official since late December, and we'd been working on it for a while before that, but it felt too important to just go out and yell it right when it happened. It needed a more grand announcement." Cole explained that talks with Interscope began when Joie Manda, Interscope president of urban music, reached out to him in 2013. I thought he wanted me to produce someone over there and I was excited about that, but then he told me that he really believed in me as an executive, a label CEO and a producer. A Dr. Dre to his Jimmy Iovine. He had the vision."
The tracks "Golden Goals" and "Lit" are featured on the album Last Winter (2015), and the track "Motion Picture" is featured on the album Elephant Eyes.
The average rating of the mixtape from editors at HotNewHipHop was a 76%, and said "With the launch of Dreamville, it’s clear that J. Cole is about to step things up career-wise, and this mixtape serves as a great introduction to the crew. While we've heard from Bas, Omen and the others before, it was more in passing we didn't always pay them much attention. This tape does a good job at shining some light on them, while Cole plays a supportive role." Jake Rohn from BET praised the label saying "the North Carolina-born MC is looking to pass on some of that shine to a few up-and-coming artists of his own with a new label home at Interscope for his Dreamville Records and the imprint's major label debut mixtape, Revenge of the Dreamers." He continued to say "Like Jermaine himself, his artists seem to understand the need to create a good song in addition to being apt lyrically. While it's still too early to tell who's got real star power, Cole just might wind up bequeathing that Roc chain to one of his artists someday."