The rapper announced Thursday he's leaving his longtime record label, Universal Music Group's Interscope Records, and Eminem's imprint, Shady/Aftermath.
The Grammy winner and his G-Unit Records have signed a distribution agreement with Caroline, the independent label at Capital Music Group. Capitol is one of the many labels part of Universal Music Group.
50 Cent burst on the music scene with Eminem as his mentor in 2003; his "Get Rich or Die Tryin'" sold six million copies. His sophomore album, 2005's "The Massacre," was almost as successful, but other albums didn't match his previous efforts and he expressed his unhappiness with his label.
50 Cent thanks Eminem and Dr. Dre in a statement.