After weeks of rumours Obie Trice has confirmed his departure from Eminem’s Shady Records.

Speaking to AllHipHop.com, Obie’s manager Terry Wilson revealed the rapper has left Shady Records amicably to focus on his own Worldwide Hustle record label.

"Obie and Shady were moving in different directions," said Wilson. "But he still has a great relationship with Shady Records. He has some big plans for his Worldwide Hustle label."

Obie recently released a track online called "Giant" addressing his departure. During the song it is implied Shady Records’ parent company Interscope were the main reason he left the label.

During his eight years with Shady Records, Obie Trice released two albums - 2003’s platinum selling "Cheers" and 2006’s "Second Rounds On Me." A third album is planned for release this year entitled "Bottom’s Up."