Austin Mahone may seriously hate being compared to Justin Bieber, but that's not stopping him from teaming up with Justin in the studio. Earlier today, Justin posted the photo below with the caption, "New music #YMCMB."

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Austin is signed to the Young Money record label, which explains Justin YMCMB hashtag (Young Money Cash Money Billionaires). So does this mean the "All That Matters" singer is switching labels?

Birdman, who is Cash Money's founder, posted the same photo on his account with the caption, "Studio flow with tha yung future of music get ready YMCMB." The president of Young Money, Mack Maine, also posted the pic with caption, "Young kings in the building… @austinmahone and @justinbieber #AYC."

Are you excited that Austin and Justin are teaming up in the studio? Let us know in the comments below!

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