Two years after losing Empire to Eddie Barker, Cookie and Lucious are still in the midst of picking up the pieces. The family is now completely dispersed and coping in their own ways after experiencing unimaginable tragedies. Meanwhile, in an effort to reclaim the Lyons' position in the music industry, Cookie sets her eyes on a talented new singer and rapper, Treasure.
Cookie and Lucious learn the difficulties of launching an artist without Empire Entertainment's resources, and their future with new artist Treasure is jeopardized. So when they receive two interesting offers that will launch them back into power in the music industry, they make a surprising decision. Meanwhile, Jamal decides to put his family first and move back to New York, leaving Kai with some tough decisions.
Cookie and Lucious push to get back in the music game, but they'll need the whole family and some old allies to make serious sacrifices in order to do so. Meanwhile, Andre finds a risky way to make a name for himself among his fellow inmates.
The Lyon family works to get back in their groove with a brand-new project underway. As Cookie and Portia attempt to sign Devon, who has just the sound they're looking for, Andre tries to prove himself useful to Lucious on the business side of things. Not having heard from Kai, Jamal panics and looks back at their history together. At Empire, the new management entangles itself with a dangerous tie from the Lyon family's past.
Lucious and Cookie prep their new artist Devon for a premiere listening party, but worry he may not be ready for that kind of pressure. Hakeem is determined to convince Tiana that he's matured, but she has a hard time letting go of everything they've struggled through the past couple years. Meanwhile, Cookie becomes concerned about Jamal.
In an effort to sign more artists, Cookie and Lucious make a bet to see who can find someone first. While Lucious bets on the chance to meet an up and coming rapper in a high stakes poker game, Cookie takes to the streets to find untapped talent in a set of auditions. Meanwhile, Hakeem refuses to leave the studio when his rage inspires what he considers his best music yet and Jamal finds himself at a crossroads when Becky claims he's spending too much time with Kai.
In an effort to bridge the gap between Lyon Family Management and Empire, Lucious must play nice with Jeff Kingsley, so that the two companies can get girl group TBD back on the map. Meanwhile, Jamal grows frustrated with Cookie when she tries to steal his London artist, Wynter, out from under him, Andre works with the mother of one of his old inmates to help free her innocent son and Cookie realizes her sister is in danger.
The cost of running Lyon Family Management starts to put pressure on Cookie and Lucious' relationship. When Kingsley pulls a power move of his own that has major financial repercussions for Lucious, Cookie thinks back to their early struggles. Kai becomes upset when Jamal announces their engagement on live TV and Tiana hits a crossroad with Hakeem, who refuses to set aside his beef with Blake. Meanwhile, Candace becomes vindictive after feeling betrayed by Cookie and Giselle uncovers a key to her future.
The financial security of the Lyon family is on the line as their LFM showcase quickly approaches. Kai's research for an expose on Empire uncovers some dirty activity within the company and causes conflict with Jamal. Meanwhile, Hakeem and Tiana finally reach an agreement on how best to move forward with their relationship, Andre struggles with his decision to let a new love interest in and Kingsley strikes a deal with Giselle.