50 Cent has never shied away from airing his frustration with Interscope Records and, after 12 years at the record label, the rapper has decided to part ways with the label and go independent.
Today (February 20), 50 Cent announced his departure from Shady/Aftermath/Interscope. He and his imprint, G-Unit Records, have signed a worldwide distribution and services agreement with Caroline, an independent services division of Capitol 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. 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," said 50 Cent in a statement.
50 Cent's past studio albums ("Get Rich or Die Tryin'," "The Massacre," "Curtis," and "Before I Self Destruct") will continue to be marketed and released by Shady/Aftermath/Interscope.
Eminem supports 50 Cent's decision to leave Shady/Aftermath/Interscope by saying: "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 Cent will launch the new agreement with Caroline with his new album, "Animal Ambition," debuting June 3. When fans preorder the album on March 18, they'll receive two tracks instantly. Videos for the two songs will then premiere online. After March 18, 50 will release a new song and video each week leading up to the album release.
"We are thrilled to welcome 50 Cent and G-Unit to our family. 50 is simply one of the most accomplished and creative artists, and his plans for the future are as exciting and innovative as you can imagine. I deeply thank him for his belief in our team and what we can do to help support his creative vision in the years to come," Caroline President Dominic Pandiscia says. "I'd also like to thank everyone at Shady/Aftermath and Interscope, particularly Eminem and Dr. Dre, for offering their endorsement and support of our involvement with 50 Cent and G-Unit. They've done an incredible job these past 12 years, and we've got a great legacy of label partnership to build on."