Thursday, July 14th, 2011 at 1:40 pm
50 caught up with MTV to discuss G Unit artists operating in a independent space, and obviously uses the opportunity to fire some shots at Def Jam. To be honest he is probably right. L.A. Reid completley f*cked shit up over there before he was rewarded with the exact same job at Elektra. According to MTV:
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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