We’re actually surprised that business-minded 50 Cent hasn’t done this sooner: he’ll leave his label and go independent.
The “Get Rich Or Die Tryin'” rapper announced he’s parting ways with his longtime record label Universal Music Group’s Interscope Records, and Eminem‘s imprint, Shady/Aftermath. And he’s taking G-Unit Records with him.
He and G-Unit have inked a distribution agreement with Caroline, Capital Music Group’s independent label. Capitol is one of the various labels under the Universal Music Group umbrella. Caroline has dropped albums by Korn and rapper E-40.
If you recall, it was Eminem who ushered 50 Cent in. And once he got in the game he did it big–his debut “Get Rich or Die Tryin’” in 2003 went six-times platinum. His follow up CD in 2005 “The Massacre” almost duplicated the success. His efforts of late fell off, however. During this time, 50 complained often about his label. He was to release a fifth album on the label but it never happened.
His last CD was “Before I Self Destruct” in 2009 and it had various release dates, reports The Grio. He’s had several other ventures: film roles, fashion, and books among them.
“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.”
Eminem too released a statement.
“Both myself and Shady Records are grateful to have had the chance to play a part in 50′s career,” he said. “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.”
The timing seems good for 50 Cent. He will release a new album, “Animal Ambition,” on June 3.