The man once referred to as Curtis “Interscope” Jackson, has announced his departure from the label today. The Queens rapper will be taking his G-Unit imprint with him independent, and has signed a distribution agreement with Caroline/Capitol/UMG. First up for release under the new umbrella will be his Animal Ambition album which is set to hit stores June 3.

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

Eminem, who signed 50 to Shady Records more than 10 years ago, also had nothing but kind words to say:

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

With over 30 million in sales making him one of the highest selling rappers in the world, It’ll be interesting to see what’s next for 50 Cent and the G-Unit brand.