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50 Cent Announces Departure from Interscope; Signs Distribution Deal with Caroline



50 Cent has publicly complained about and vented his frustrations with his major label for years. Now, the rapper has decided to become an independent artist.

The rap mogul has departed his longtime record label, Universal Music Group’s Interscope Records, and Eminem‘s imprint, Shady/Aftermath.

On Thursday, 50 has announced that he’s signed a distribution agreement with Caroline, the independent label at Capitol Music Group, which, ironically is also under the umbrella 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,” said 50 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.”

Although 50 is departing, it seems he hasn’t burned any bridges and Eminem wishes him all the best.

Eminem commented, “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.” 

50’s first album as an indie artist, Animal Ambition, is due out June 3.  Album pre-orders will begin on March 18.

The set will mark his first offering since 2009’s Before I Self-Destruct.

Copyright 2014 ABC News Radio

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