50 Cent Launches New Label GNote Records

Queens, New York mogul 50 Cent recently announced the launch of a new record label, GNote Records.

According to 50 Cent, the first artist on the new label is Phoenix, Arizona rapper Hot Rod.

"@officialhotrod is the first artist of G NOTE he gonna do his numbers watch," 50 Cent Tweeted.

At press time, it is not clear what company will handle distribution of GNote and Hot Rod's debut project.

In August of 2010, 50 Cent's G-Unit ended its deal with Interscope Records and signed a new distribution deal with EMI Records.

The first release under that deal was Lloyd Banks' critically acclaimed album H.F.M.2 (Hunger For More 2).

In addition to Hot Rod's album on GNote, Tony Yayo's album is slated to be distributed through G-Unit/EMI in 2011 as well.