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"ether? all the time people try to expose me, but guess what? I AIN'T GOIN NOWHERE. i take responsibility of the demise of ZV, Trev, Toilet Papers, Cawna Store, Edgar and whoever was killing off this site. your the biggest troll this site has…"
50 Cent Shoots Down Lloyd Banks Label Rumors, says Def Jam is $80 Million in the Hole [Video]
MTV reports:
When 50 Cent signed G-Unit artists Lloyd Banks and Tony Yayo over to EMI, the plan was to set up his longtime Queens, New York, cohorts as artists who could work independently, without his help.
Fif told MTV News that Banks' The Hunger for More 2, which was released last November, was the project that set the trend. "Banks' project is the beginning of them flying solo, flying without my assistance so much," 50 said on the Atlanta set of Tony Yayo's upcoming "Haters" video.
In the past, Fif lent his guidance as well as his voice to his artists' albums. Back in 2004, the G-Unit General appeared alongside Banks on "On Fire," the first single from the Punch Line King's platinum debut. He did the same with Yayo's first single, "So Seductive," the following year. "Like on all their other albums and singles, I was featured on their projects to help bring attention to it and get 'em off into the right space," he said. "This go-around is, like, for them to go away from me and do it on their own. They're setting up shop on their own on this project."
It's been reported that Banks' and Yayo's EMI deal is structured much like an indie. Even though EMI is a major distributor, G-Unit has taken the reins when it comes to positioning both rappers in the marketplace. Even though 50 has championed G-Unit's independence, speculation has swirled about whether Banks would sign to Def Jam where former G-Unit president Sha Money XL now resides as the Senior VP of A&R.
50, without saying it directly, shot down the notion of a Def Jam deal, citing the label's supposed-financial woes. Recently, the legendary rap label has gone through a bit of restructuring with former head honcho L.A. Reid leaving and Barry Weiss stepping in as chairman and CEO. Regardless, Fif doesn't seem too optimistic for a future at the label.
"Well, Def Jam, I'm not even sure what that system — that system is not in a good space right now. They're like $80 million in the hole," he said, before laughing, "Don't tell them I told you."
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Comment
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Comment by Mookie on July 17, 2011 at 5:35pm -
LMAO 50 is a trip
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Comment by jonathan goodwin on July 15, 2011 at 4:07pm -
Oh! now ya'll want Banks to get sign all before some said the man was garbage now ya'll want him to get sign Banks is the Unit f*** them other labels they ain't got no money Outkast need to sign to G-unit help out there label problems.
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Comment by F***THEWORLD on July 15, 2011 at 1:55pm
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RUSSEL AND HIS STUPID INVESTMENTS LIKE (globalgrind) RAN THEM TO THE GROUND!!!
WHY WOULD HE INVEST MILLIONS IN A COMP. THAT ONLY GIVES INFO????
THEIR 100,000 SITES THAT GIVE INFO!!!
rev cuda bought a lambo and a cool house instead of burning his money
with globalgrind!!! id be pissed tha fukkkk offfff....
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Comment by BuckDat on July 15, 2011 at 10:05am -
@F***THEWORLD
That is a lot for Def Jam. They were supposedly a hundred in the hole a few years ago and around half that back around the time Russel sold it and it WAS a big deal for them then too. The company is well under a billion in worth (Russell's portion alone was sold originally for 100) and is only a sliver under Universal.
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Comment by BuckDat on July 15, 2011 at 9:52am
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They were in the hole years ago around the time Onyx started selling them a lot of records again. Russel used them as bargaining around 99 to sell it off for hundreds of millions, paid off the debt and pocketed a huge chunk then left. I read a while back that he was supposed to head the company again but I think that was an April's Fool joke.
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Comment by Shaper Corner on July 15, 2011 at 3:38am -
@DiorLetsGo, fiff bought that mansion for $4.5Mil not $15M. You just mad because your big label is in hot soup,lol. Whether 50 can't sell his mansion or sell it, he is not broke. Now feel the pain of the truth " Def Jam $80 Mil in debts" lol that will take a real hustler to square it.
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80 mill ain't s*** in a billion dollar
industry (morons)
and f** Russell and ymcm
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Comment by static on July 15, 2011 at 12:13am -
Well if def jam was smart they would sign me right now and get outta debt.
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Comment by Ms.Unaware Book "UnAware" Coming on July 14, 2011 at 11:56pm -
Cool....wow huge debt.....
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Comment by Cashflow on July 14, 2011 at 7:07pm -
Guess this kills the 50 cent to def jam rumors...
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