After many years of success and turmoil, 50 Cent announced that he’s leaving Interscope Records and Eminem’s label, Shady/Aftermath on Thursday (Feb. 20).

The Grammy-winning rhymer is now an independent artist and has signed a distribution deal with Caroline, a subsidiary of Capitol 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," said Fif in a press release. "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."

Caroline President Dominic Pandiscia is excited to partner with 50 Cent.

"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," he said. "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."

50 Cent had a great run at Interscope Records. At the label, the G-Unit leader released four albums starting in 2003, with 'Get Rich or Die Tryin’,' which sold six million copies. His sophomore album, 2005’s 'The Massacre,' was a big-seller for the label as well. His two other albums, 'Curtis' (2007) and 'Before I Self Destruct' (2009), did well but didn’t outsell his previous efforts.

In the past few years, 50 has been bumping heads with executives at Interscope Records. The 'In da Club' rapper wasn’t happy with how the label was marketing and promoting his music. 50 Cent's fifth studio album, 'Street King Immortal,' has been delayed numerous times, and, most likely, the main reason why he and Interscope Records have parted ways.

'Animal Ambition' will be the first album he releases as part of his new deal. Due June 3, fans can pre-order the project beginning March 18. Two "instant gratification" tracks will be available to supporters once they pre-order. An additional song and video will launch each week leading up to the album's release.

We wish 50 Cent the best of luck on his new journey as an independent artist.