G-Unit‘s Lloyd Banks recently revealed his terms for signing a new record contract and possibly returning to Interscope.
Banks said he is still willing to consider a record deal with his ex-label.
“They still got time,” Banks told radio personality Funkmaster Flex referencing Interscope Records. “They gotta drop the bag. I’m not staying no where longer than I got to. When I signed my first deal, I had a sweet deal. Millionaire dollar advances and things like that. You’re not taking none of my publishing, none of my merchandise, none of my touring, you can’t get that. And I’m not making no commitment for a bunch of albums.” (Hot 97)
Last month, Banks said a new G-Unit deal was nearly complete.
“We gonna let the [“Beamer”] remix bubble through Memorial Day weekend,” Banks said in an interview. “They can also expect a new record from Tony Yayo as well. We gotta make this a G-Unit summer..We’re very close [to a label deal]. So close I want to tell you something now, but I don’t want to ruffle no feathers…I don’t want to get anybody nervous. It’s gonna complement what we been doing, the hard work we been doing. It’s gonna give us the international platform.” (MTV)
The Unit’s Tony Yayo recently spoke on being released from Interscope Records last year.
“When we got dropped from Interscope it was like, ‘Aww, man,'” he said in an interview. “It was like you know a crushing thing. You know, when you used to being on top and now you feel like, for me, you’re feeling like you on the bottom…When I got dropped, I’m not gonna front. I was a little down about it. It’s not like it was because of the money, because Interscope, they advanced me for my second album. So I got money that I didn’t even deserve…but it’s just the whole thing of being dropped and everybody looking at you.” (XXL Mag)
In March, Banks talked about the advantages of rolling as an independent artist.
“This is my year. That’s the other thing. When you are working independent, you can decide when…sometimes when you are working for a label, they put you on that time clock. Sometimes, things can get forced. We’ll see in the very near future, it’s a very smart option [for G-Unit to go independent.] Based on the response that I’ve gotten from ‘Beamer, Benz of Bentley,’ the artist is more powerful than you think…When I did the, ‘Officer Down’ – the response to Rick Ross – it was already 700 – 800 thousand free download before we even made the deal with iTunes. Before they approached me and I still sold 60 or 70 thousand.” (All Hip Hop)
Check out Lloyd Banks speaking on Interscope Records below: