Wow! The rich get richer…
If everything goes according to plan, by next year 50 Cent will be one of the richest and most powerful men in all of entertainment. 50 Cent is in the midst of putting together one of the most comprehensive entertainment deals ever signed.
According to sources, Curtis “50 Cent” Jackson” is on the verge of signing a 10 year deal which will give News Corp far reaching control over the 50 Cent brand. And the deal is also poised to launch the company’s MySpace Records into the big leagues.
At least half of the deal will be in stock. 50 Cent will be one of the largest shareholders of News Corp. when the deal is done. Some of the terms of the proposed deal include:
-50 Cent’s website Thisis50.com, one of the fastest growing websites in the world, will be acquired and run by News Corp
-The multi-platinum 50 Cent and his G-Unit artists will move to a new G-Unit label created under MySpace Records.
-50 Cent and G-Unit music publishing
-G-Unit book deal
-all of 50’s concert touring would be marketed and sold through a newly created News Corp entity
-50 would get his own production studio to put out film and tv projects.
While nothing has been finalized, the deal is scheduled to go into effect in 2009 , after 50 Cent and G-Unit fulfill their album requirements with Interscope Records.
This entry was posted on Wednesday, May 14th, 2008 at 2:26 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
WOW!!! this could be great!
but the dollar figure is probaly not 300 million
if you reall do you research. you will find out that he didnt make 400 million on the vitamin water deal(his publicist is just really good)
WOW. Now lets see… 50 maybe worth a few millions… but is the roster worth 300? I feel like these alternative outlets are doing what Def Jam USED to do before shit got reckless— only signing acts that’d already made names for themselves.
Good for Fif’… Must be nice!
Whatever the case there is a lot of money out there to be gotten, and I ain’t goin hate on nobody I’m trying to get in where I fit in and get some of that currency to son, so 50 u do ya thang thizzle. I’ll see ya at the top.
Shaz
[…] to The Most Access, fif is in the midst of signing a still on the hush 10 year deal with News Corp (we’re […]
Not a 50 fan but the dude is handling his business.