Rapper Joe Budden lost Saturday to Hollow Da Don in a new rap battle competition in New York called "Total Slaughter." The battle was held in New York's Hammerstein Ballroom and was streamed live before a panel of judges and a packed house.

After three rounds of freestyling, Hollow Da Don was the unanimous winner among the judges and the audience, causing Budden, a Queens native battle rap veteran, to drop his mic dramatically. After the result, Budden took to Twitter.

"The judges said I lost," he posted. "I thought I 2-1'd him, but either way it was a great night !! Congrats to @HollowDaDonLOM !"

The judges were Kid Capri, Poision Pen and Drect.

The battle rap extravaganza is the first collaborative event between the Slaughterhouse crew and Shady Films, Eminem's production label. Plans were formed in January for a no-holds-bar competitive rap battle league to give the art form national visibility.

"I'm a passionate battle fan, so this is something I've always thought about doing," Eminem told Rolling Stone when the event was announced in April. "I came up battling at the same time I was making records and learning my way around the studio. It's a little bit different in terms of the kinds of tools you need, but the competitiveness is the same. The times I didn't win gave me just as much light in the past as when I did. It's all about your performance."

Budden, a former Slaughterhouse member, was announced as a contender in April.

Although many social media posts showed mixed reviews of the battle after the months of hype, the show has been picked up by Fuse TV for a four-part battle series. More analysis of the rappers' performances can be found here.