50 Cent Disses Def Jam…Says They’re $80 Million Dollars In Debt

10 years ago view-show 725,769

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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