50 Cent is in the midst of putting together one of the most comprehensive entertainment deals ever signed, a $300 Million deal with Fox/MySpace that will include touring, website and film projects. 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. Great. If this dude's head gets any bigger, his Fitteds wont fit any more.
Curtis 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.
Terms of the proposed deal:
+The multi-platinum 50 Cent and his G-Unit artists will move to a new G-Unit label created under MySpace Records.
+All of 50's concert touring would be marketed and sold through a newly created News Corp entity;
+50's website Thisis50 will be acquired and run by News Corp;
in addition, 50 would get his own production studio to put out film and tv projects.
And the cost to News Corporation for all that - $300M in cash and stock. "At least half of it will be in stock. [50] will be one of the largest shareholders of News Corp. when the deal is done."
Jigga just signed a deal similar to this with Live Nation for $150 Mil, looks like 50 just one-upped Hov. Nothing has been finalized, but he deal is scheduled to go into effect in 2009, after 50 completes his final album with Interscope.
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