50 Cent is going independent. Following the end of a five-album deal with Interscope/Aftermath records, 50 has chosen to leave the record company — making his G-Unit label independently owned and operated.
The rapper has just secured a worldwide distribution deal with Caroline/Capitol/UMG in anticipation for his new album, ‘Animal Ambition’, June 3rd release date.
“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,” he 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.”
Of his decision, his mentor and fellow rapper, Eminem, also released an official statement.
“Both myself and Shady Records are grateful to have had the chance to play a part in 50′s career,” the rapper stated. “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 is, and always will be, a marquee artist for us,” adds Steve Berman, Vice Chairman of Interscope/Geffen/A&M. “We respect his decision to pursue this new venture and the next chapter in his career, and wish him nothing but the best. He will always be a part of our family.”
50’s new album can be pre-ordered beginning March 18th.