Looks like 50 Cent is moving on from his label deal with Eminem and Dr. Dre and going independent. Details below:
The rapper announced Thursday that he’s leaving Universal Music Group’s Interscope Records, and Eminem’s imprint, Shady/Aftermath.
The Grammy winner and his G-Unit Records have signed a distribution agreement with Caroline, the independent label at Capital Music Group. Capitol is one of the many labels that are part of Universal Music Group.
“I have had great success to date with Shady/Aftermath/Interscope and I’d like to thank Eminem and Dr. Dre for giving me an incredible opportunity,” 50 Cent said in a statement. “I’ve learned so much from them through the years. I am excited to enter this new era where I can carry out my creative vision.”
50 Cent had a plethora of hits early in his career that dominated the pop, rap and R&B charts, from “P.I.M.P.” to “Candy Shop” to the anthemic “In da Club,” which introduced the young rapper aside Dr. Dre and Eminem.
“Both myself and Shady Records are grateful to have had the chance to play a part in 50′s career,” Eminem said in a statement. “Shady simply would not be what it is without 50 Cent. I’ve developed a great friendship with 50 over the years, and that’s not going to change. We know 50 will have success in his new situation, and we remain supporters of both him and G-Unit.”
50 Cent’s new album, “Animal Ambition,” will be released June 3.