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No Alex, a vanity label is usually referred to as a production/imprint deal.
Most artists are signed through them. Look at Ciara (Sho Nuff/Jive), John Mayer (Aware/Sony) or The Prodigy (Mute/XL/Maverick/Warner Bros)
In Interscope's case the label makes sure all of it's artists have a production/imprint deal so they can turn it into a mini label once they have some brand awareness.
Just like you know who G-Unit is now and it allowed 50 to build a brand that the kids trust which helped to make successful debuts by Lloyd Banks and Young Buck.
50's deal as an artist will always going to be split up between Aftermath and Shady because they found him first but G-Unit's other releases weigh more in favor of 50 Cent as far as the percentages go. I believe he splits around 25% of the profits with the G-Unit artists.
So at the end of the day, G-Unit is a production company that produces records but Interscope is still the actual record company doing the bulk of the work such as promotion, marketing, manufacturing/distribution (through Universal) and most importantly financing. How's the old saying go... he who controls the gold makes the rules.
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