More about: 50 Cent

50 Cent has urged record labels to move with the times and insists that file sharing isn’t a bad thing for artists.

Speaking to Norwegian magazine Kjendis the rapper said that labels should be looking to manage "the 360 degrees around an artist".

He added: "What is important for the music industry to understand is that file-sharing doesn't hurt artists."

He went on to say that the industry needed to "maximise its income from concerts and merchandise", adding that: "It is the only way they can get their marketing money back."

However he hit out at some labels who were more interested in peddling “ringtones, not records".

He went on: "They don't understand the value of a perfect piece of art."

More about: 50 Cent