Tuesday, October 12, 2010
50 Cent's Cheetah Vision Films Lands $200 Million In Funding For 10-Picture Deal (News)
50 Cent has just completed a deal for his film company that will give it $200 million dollars to fund a 10-picture deal.
Cheetah Vision Films, Randall Emmet and George Furla's Hedge Fund Partners have signed off on a deal that will allow 50 to expand his ever growing film resume.
Healthcare magnate Richard Jackson, real estate developer Gary Sakwa and Daniel Ret will provide the equity remainder of the fund. Grindstone/Lionsgate will distribute the films.
The first movie out of the gate will be 'Set Up', an action heist movie that starts shooting next month. Paul Walker is in talks to star alongside 50 in the movie.
Fif recently linked up with Paul of the set of 'The Fast and Furious 5'. You know business was at the top of the agenda.
Set Up' revolves around a group of friends involved in a diamond heist that takes a deadly turn.
"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. It's very hard to raise equity today and we are lucky to have such great partners, including the amazing team of Barry Brooker and Stan Wertlieb of Grindstone and Joe Drake and Helen Kim at Lionsgate," Emmett told Variety.
Under the deal, the films will have a budget of around $20 million dollars each.
Fif and Richard Jackson have also teamed with Emmet and Furla's, Emmet/Furla films, for the movie 'Catch 44', which starsBruce Willis, Forest Whitaker and Malin Ackerman,
50's taking over the big screen, keep it locked here for more news as it becomes available.