Not dead yet, but they certainly are the weakest and most baffling big-name label imprint.
Terror Squad
Roc-A-Fella
Cash Money
Ruff Ryders
Murder Inc.
G-Unit
Shady Records
Death Row
All had platinum selling artists they could get behind. MMG is the biggest name without a platinum artist. Shit, they barely go gold, if they're even lucky enough to go gold at all.
To me, MMG being this active and whatnot is more a testament to the death of labels as they existed in the last generation of rap. MMG's been trying to sell that image...as a continuation of that era of rap.
They're the type of label that could die tomorrow and it would have zero impact on the rap game. Really, nobody would mourn the loss of MMG the way the aforementioned labels have been or would be, and that's speaking relatively objectively.
The way they operate as a label and how reliant they are on outside guest features speaks volumes to how weak they really are as a group, but also how well they'd probably do individually without the label.