50 Cent will release his next album on an indie label.
The Candy Shop
hitmaker has severed ties with Eminem's Interscope imprint, Shady
Records, after 12 years and will now be working with Caroline, a music
distributor owned by Universal, starting with his album Animal Ambition, which is due out on 3 June.
In
a statement, the star said: "I recorded so many album quality songs
that I'm going to put the Animal project out as my viral marketing plan
and then [Street King] will come out after. [Animal Ambition] is about
prosperity ... ambition and prosperity."
The 38-year-old rapper
has sold millions of albums for Interscope, including 15-million copies
of his debut record, but the star's relationship with the label has been
difficult since 2009's Before I Self Destruct, which failed to conquer the charts.
Its follow-up was delayed and the rapper complained on Twitter and threatened to leak an unreleased Dr Dre song.
But
despite the problems, 50 Cent insists he still owes Interscope one
album and Eminem has wished his former protégé well, saying: "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."
His move to an indie label is similar to the arrangement used by Macklemore and Ryan Lewis for The Heist, and Pet Shop Boys' scheme for last year's Electric LP.
The
rapper added: "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."
50 Cent's last UK hit was the 2012 single My Life, which peaked at number two at on the UK Single's Chart.
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