50 Cent In Talks For $300M Fox/Myspace Deal – includes 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. 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.