After more than 12 years with Interscope Records, rapper 50 Cent has announced his departure, according to Forbes. The NYC rapper has signed a worldwide distribution deal with Caroline Records, the independent service division of Capitol Records.

Both Eminem and Steve Berman, Vice President of Interscope/Geffen/A&M, have expressed their position on the move, and it seems as though this was an amicable split.

“50 Cent is, and always will be, a marquee artist for us,” said Steve Berman. “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.”

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

50 Cent’s first release under the new label deal will be his highly anticipated album, Animal Ambition, which is set to be released June 3rd.

What do you think about 50 Cent’s new move?

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