Rappers Goldie Lookin' Chain have been dropped by their record label because of disappointing record sales.
Goldie Lookin' Chain wanted to re-release their second album
The Newport-based collective's manager Conal Dodds described the label's decision as "short-sighted".
He said the band were setting up their own label - Gold Dust - and were planning a new single and even a film.
The second album, released in September on Atlantic Records, sold 80,000 copies compared to the 210,000 notched up by their 2004 debut, Greatest Hits.
Atlantic confirmed that the eight-strong group had been dropped.
Mr Dodds said of the decision: "From our point of view, it doesn't make any odds. If anything, we have more freedom to do what we want to do now".
GLC have won cult status with their tongue-in-cheek lyrics allied to snappy tunes.
Their single Guns Don't Kill People, Rappers Do reached number three in the charts and their debut album went straight in at number five.
One of the group, Maggot, brought wider attention when he stayed in the Celebrity Big Brother house, finishing third.
"The second album hasn't sold as well as the first and that is the reason they don't want to continue with us, but we are probably in a stronger position than ever," said Mr Dodds.
"We've just done our most successful UK tour and the boys are earning more money than they've ever earned."
He said the group wanted to buy the rights to the second album from Atlantic and re-release it on their own label.
Mr Dodds added: "The label just lost their bottle with the band.
"The Goldie Lookin' Chain are going to be around for a long time. I fully expect in two years' time, they will try to re-sign us".
"Unfortunately the label we are on would prefer to spend money on James Blunt - work that one out"
The band have plans for a comedy feature film and other TV and radio projects.
Mr Dodds added of the film: "It's not going to be another Spiceworld (the Spice Girls' film).
"It's a comedy the band have written and a major distributor has picked up on it and we are hoping to go into production in August and put it on cinema release next March or April."