News: Lloyd Banks Maps Out Post-Interscope Plan, "I'm Not Going To Be Signing No 360 Deal"

Tuesday, Jun 9, 2009 10:20AM

Written by Cyrus Langhorne

G-Unit's Lloyd Banks recently spoke on what precautions he plans to take when signing a new record deal and the role 50 Cent will have on his final decision.

While no longer an Interscope Records artist, Banks did say he has been working on a third solo project.

"I'm not a solo artist on Interscope," he said in an interview. "I'm pretty sure in the next couple of months it will probably be inked out. There are a lot of things on the table right now and this is 50's last album requirement for Interscope Records. We'll be in negotiations at some point with him and as a whole in the very near future...As far as contracts go, I'm not going to be signing no 360, five album deal. I got offers right now for one album and things of that nature. Overall experience and how much time you have to dabble with will determine what you get into...I probably got 80 to 90 records in preparation so when I finish my next mixtape I'm going to only focus on my new album and put the finishing touches on that." (Hip Hop Game)

Banks previously dished out his differences with Interscope in an interview last month.

"I was ready to make a move," Banks said about leaving the powerhouse label. "I'm a brand-new engine. If anything, it's their loss. It's been a dark shadow cast upon that. That's why you hear [Funkmaster] Flex on the radio [boycotting Interscope], because it's an aura created around that machine, and the artists automatically get smacked in the head...I felt it's time for me to go somewhere where it's not biased and I get a fair shot. There's a lot of stuff on the table right now. You don't wanna speak about it until it gets ironed out all the way...Everything happened for a reason. I feel like I'm so blessed because of my work ethic and how easy the music is coming to me. It feels so good to be an independent artist with a brand. I have direct deals with iTunes and things of that nature, where it's direct money coming to me. It's 50 percent of me that's not pressed to be on a major." (MTV)

G-Unit producer Sha Money XL recently gave his views on Interscope.

"Honestly, G-Unit is going through a new phase right now and Interscope right now is not the best home for them," Sha said in an interview. "It's a point in time where employees and everybody just not ethused enough to making things move forward and the staff...honestly, everybody rode off the G-Unit wave. They didn't have to f*cking work, we f*cking created the wave and they rode it. So soon as it's time to work and they gotta show and prove, ain't nobody show and proved and f*cking getting radio and nobody doing what they gotta do 'cause it's a f*cking c*ck sucking industry, aight? So everybody rode the wave and now we're sitting here wondering what the f*ck is wrong with Interscope. They never had to f*cking work in the beginning, I'm sorry Jimmy [Iovine] but it's the truth. Get better f*cking employees." (The Urban Daily)

His last two solo projects both landed within Billboard's Top 5 in their opening weeks.

In 2004, Banks' debut disc, The Hunger for More, opened at No. 1 on Billboard's albums sales chart, with week-one sales around 433,000 scanned discs and it ended up spending a second-straight week atop its competition, selling close to 164,000 units. In 2006, his sophomore album Rotten Apple, with first-week sales totaling close to 143,000, fell more than 40,000 albums short of a chart-topping repeat and settled instead for the chart's No. 3 position. (SOHH)

There is currently no further information on Banks' upcoming solo album.

[For more on your favorite rappers from the Big Apple peep SOHH NYC]

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