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.