50 Cent’s Production Company Inks $200 Million Deal
50 Cent is once again expanding his empire. According to Variety, 50 has inked a deal that will partner his Cheetah Vision film production company with Hedge Fund Film Partners for a $200 million fund.
With an estimated budget of $20 million per film, the joint venture is slated to produce an estimated total of ten films which will be released by Grindstone Entertainment/Lionsgate. The goal is to shoot between four and five movies per year, with the filming on the first, Set Up, set to begin next month. The story follows a group of friends in the middle of a dangerous heist and will star 50 Cent and possibly Paul Walker, who is currently in talks to join the cast.
"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," Emmet told Variety. "He came to me and said, 'How do we move quicker on projects?' With this new fund, we are able to do that."
Variety also reports that, “Healthcare magnate Richard Jackson, real estate developer Gary Sakwa and Daniel Ret will provide the equity. Remainder of the fund will be made up of debt and tax credits.”
The Queens-bred rapper started Cheetah Vision along with Randall Emmett in 2009, while the company that they are partnering with is run by George Furla.
Gun, which was Cheetah's first film, is currently in post-production. —Adam Fleischer