Eleven years after the release of his ‘Get Rich, Or Die Tryin’ debut, ‘Piggybank‘ purveyor 50 Cent has announced his departure from Jimmy Iovine‘s ‘Interscope’, and the arrival of his very own independent label.
Unfortunate news below…
In a statement released by the Rapper this morning, he shared:
“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. 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.”
In response, his long-time mentor/collaborator Eminem declared:
“Both myself and Shady Records are grateful to have had the chance to play a part in 50′s career. 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.”
As not to waste anytime, 50 and ‘G-Unit Records’ has now partnered with Universal Music and inked a worldwide distribution deal through ‘Caroline’, an independent label owned by the ‘Capitol Music Group‘, housed by the aforementioned ‘Universal.’
Since signing with ‘Interscope‘, the lyricist has sold over 30 million records, scoring his first Billboard Hot 100 #1 with the Mike Elizondo-assisted ‘In da Club.’
As an act whose commercial power lay in an infrastructure built and controlled by Jimmy Iovine, here’s hoping 50 has the means to function without the full benefit of the major label system.
For, as enticing as ‘independence’ may be, far more goes into building a internationally renown act than meets the eye.
This, a fact 50 would have been all too aware of when his former’s label finances and expertise created the monster he’s now tasked with feeding on his own.
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50 Cent is soooooo irrelevant musically. He’s still getting his money though so I can’t hate on that.
He was dropped.
Poor thing, they wasted 25 million on ARTPOP so they had no more money left for him.
He was dropped but he’s worth $200 million+ and doesn’t tour or do as much as Beyonce’ does. He is a successful businessman with FLOP products like SMS audio. Good luck to him but unless it is Get rich or die trying 2.0, I’m not here for it.
So I take it Nicole FLOPzinger was also dropped from Interscope; Azealia Banks is next.
They wasted $25 million on FLOPga and laid off workers. Expect more artists to be dropped thanks to Gags arrogance.
The shame of it all is not even Eminem, who they should have given that $25 million budget to can save Interscope’s financial troubles.
They are heading into the realm of Epic Records, lucky for Epic they still have that MJ catalog to keep them going.
He was obviously dropped.
Signing with an “independent distributor” owned by a major music company isn’t really going “independent.” All 50 did was leave Interscope, he’s still at UMG.
OMFG. Interscope are dropping people like crazy. First Nicole, now 50, Azealia is next.
Lovebird is always worried about the next b****, but is yet to explain why Rihanna’s US sales are only on 10 million after seven albums.
because….. why risk dragging others down with you every time you flop?
They spent so much money on Gaga that they forgot about 50. Kinda like What Roc Nation did with M.I.A. They waste too much on Rita Ora that they forgot about M.I.A who is so underrated btw. I’m with @Birdshit on this. I’m here for another Get Rich or Die Trying, at this point,the only ones that can save Interscope’s finances are eminem and Lady Gaga if she releases another “Fame”
Gaga wasted so much of their money.
No one really cares but this isn’t an Ashanti situation. 50 has money coming in from so many random and lucrative business ventures that he could potentially see some commercial success as an independent artist. Assuming the material is any good. Him magically turning into a good rapper is more far fetched than him adequately funding an independent project.
Leave Gaga alone. She is only human! Damn!
That Gaga dragging just wont let up.
So hes worth more than Rihanna Lovebird?
Interscope will be pinning their hopes on Ultraviolence after the epic fail that was ARTPOP
He’ll be ok, he’s worth millions.