Both execs were elevated to co-presidents of the label in June 2022.
"I didn't wind up doing it, but yeah, we had talked about it," the Shotgun Wedding actress revealed.
On top of her long-standing music career, Chara returned to acting this fall for the first time in 26 years in the Disney+ series 'Subete wasurete shimaukara.'
Basden is departing the label group after 12 years to pursue new opportunities.
The festival celebrates its 10th year in 2023, and will also include performances from Elle King, Parker McCollum and more.
The rapper noted that Offset "showed me that he wanted to change for me," which allowed them to resolve their relationship issues.
MGMT will also perform Oracular Spectacular in its entirety at the festival, which will celebrate the best indie rock and electro dance of the 2000s.
"She’s this very, very old person in a very young body," the White Lotus actress said of the 29-year-old pop star.
The rapper released the new visual as a way to "reflect and think about the people I miss and the times we had."
The song us featured on the "Avatar: The Way of Water" soundtrack.