As DX reported last night, 50 Cent cancelled his contract with Sleek Audio to create a line of high-end headphones called “Sleek by 50.” Now, in a recent interview with AllHipHop.com, Fiddy clarified why he chose to end his project with the audio company and his future plans for the headphones.

50 Cent explained that in lieu of continuing the project with Sleek Audio, he has chosen to establish his own company to release the item. Although the project has been stalled for the time being, he added that he is planning to see the release of his headphones through to the end.

“As reported, the license arrangement between my company, G-Unit, and Sleek Audio to produce headphones branded as ‘Sleek by 50’ has been cancelled,” 50 explained. “Instead, I have established a new company that is developing a complete line of audio accessories, including wireless headphones, offering superior sound quality along with cutting edge technology for all music lovers to enjoy.”

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He also added, “As an artist, I am committed to bringing top-of-the-line audio products to my fans, and I am excited that I have the resources to achieve just that with this new venture.”

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