50 Cent has decided to become an independent artist. He announced Thursday he’s leaving Aftermath, Interscope Records and Eminem’s imprint, Shady Records.

50 Cent 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.

“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,” 50 Cent said 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.”

“Both myself and Shady Records are grateful to have had the chance to play a part in 50’s career,” Eminem said in a statement. “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.”

According to Steve Berman, Vice Chairman of Interscope/Geffen/A&M, “50 Cent is, and always will be, a marquee artist for us at Interscope/Geffen/A&M. 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.”

Caroline President Dominic Pandiscia, “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. 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.”

50 Cent’s new album, “Animal Ambition,” will be released June 3. Album pre-orders will begin on March 18th and fans will immediately receive two instant gratification tracks and the corresponding videos will premiere online. An additional song and video will launch each week leading up to the album’s release.

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via AP