Finally, after a long battle with Interscope records, 50 Cent has parted ways with the Universal backed label that once brought him to super-stardom, taking his G-Unit Records to Independent status. The deal was announced through a press release from Interscope records, marking an end to both a successful relationship, and clashes and disagreements with 50 Cent, as of late. Steve Berman, Vice President of Interscope, had kind words for 50, sending his best wishes:
“50 Cent is, and always will be, a marquee artist for us. 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.”
Longtime friend, mentor, and collaborator, Eminem said:
“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.”
With this decision, 50 Cent now has the ability to control his and fellow G-Unit Records music the way he wants to, whether it be creatively, or commercially. In an interview with Forbes, 50 Cent opened up as to how he was able to leave the imprint that brought him worldwide success.
He has signed a worldwide distribution deal with Caroline/Capitol/UMG for G-Unit Records and his own releases, beginning with Animal Ambition, due out on June 3rd. 50 explained that the deal is similar to Birdman’s arrangement at Cash Money, where he pays a mere 7% of wholesale per album to Universal in exchange for distribution, and promotional support. So technically, considering 50 an “indie” artist would be foolish; he’s as independent, as Bryan “Birdman” Williams.
This deal though, is quite surprising because 50 still had an album due at his former label. And artists leaving departing from a label without meeting all contractual agreements need to buy out their contracts, coughing up a big sum of money, but 50 Cent did not need to.
“I’m a special case and situation. It’s also because of the leverage of having the strong relationships with Eminem and Dr. Dre. They don’t want me to be uncomfortable. They value our friendship to the point that they would never want [to jeopardize] it over that little bit of money.”
Animal Ambition will be the debut album in 50 Cent’s new chapter, which is due out June 3rd. Is this a new beginning for the G-Unit General, or the beginning of the end? I guess only time will tell.
Check out the entire article via Forbes [here].
By Jaffar for Defsounds.com
SN: *Late Pass* [ had a power outage, flooding, etc, I'm back and ready to catch up] – WF