While wrapping up his Final Lap Tour, 50 Cent is already venturing into significant projects in the television and film industry.
According to KSLA News, Shreveport City Council members introduced legislation for 50 Cent to lease Millennium Movie Studio as the base for his entertainment company, G-Unit Film & Television Louisiana, LLC.
“We enjoyed for a period after 2005, we enjoyed a very robust television and film industry in the Shreveport area,” said Mayor Tom Arceneaux. “This will bring back, I think, a lot of those people and will rejuvenate that industry in our area. So I think the film industry is about to blossom again in Shreveport.
“[50 Cent]’s undertaking all of the maintenance and repair, which is around 160 to 170 thousand dollars a year. So to look at just the lease payment is not fair to him. We also anticipate he’s going to make several million dollars of improvements to the facility. This is a very serious proposal, a very serious undertaking by him.”
If approved, 50 Cent’s lease for Millennium Movie Studio in Shreveport, Louisiana, will cost $2,400 annually for 30 years, with an option to renew for an additional 15 years.