Entertainment mogul 50 Cent is going straight to the bank with this one.
The rapper/actor has reportedly negotiated a $200 million dollar deal with Grindstone Entertainment/Lionsgate to release a series of ten films featuring the star.
Curtis “50 Cent” Jackson, Randall Emmett‘s Cheetah Vision and George Furla‘s Hedge Fund Film Partners are teaming on a 10-picture deal that’s backed by a $200 million fund. Grindstone Entertainment/Lionsgate will release the films. First film under the deal is the Curtis Jackson-toplined “Set Up,” written and directed by Mike Gunther. Paul Walker is in talks to star opposite Jackson in the heist actioner, which begins shooting next month and is budgeted at $20 million. “Set Up” revolves around a group of friends who are catapulted into the middle of a diamond heist turned deadly. Casting is under way for the other roles. Hannibal Pictures is handling international sales. (Variety)
Cheetah Vision’s Emmett also spoke on his confidence toward working with 50.
“The thing about ’50 Cent’ is that, just like in his music career, he isn’t someone who sits around and waits for things to get done. He came to me and said, ‘How do we move quicker on projects?’ With this new fund, we are able to do that,” Emmett said. (Statement)