Hip-hop mogul 50 Cent went to social media to announce a big business move. According to the artist turned entertainment powerhouse, he is now the owner of a 985,000-square-foot studio that he said will be home to G-Unit Studios.
Fifty does not say where the property is located, but it could be in Shreveport, Louisiana. Earlier this year he was in the city checking out a studio space for sell. Another possible locale for the property is Texas, as Revolt reported the rapper moved to the Lone Star state in 2021.
In an Instagram video posted on April 29, 50 Cent, whose real name is Curtis Jackson, showed off his massive studio space as part of his expanding GreenLightGang, G-Unit Film & TV productions.
“Well, would you look a here,” said Fif as he panned the camera across the space. He continued, “Nine hundred eighty-five thousand square feet. Can you say G-G-G-G-Unit studios?” In the April 29 post’s caption, he wrote, “GLG GreenLightGang G-unit film & Tv. BOOM. I need room to work. I don’t miss. [TV] will never be the same.”
Inside 50’s G-Unit Films
G-Unit Films and Television Inc. was founded in 2003, and has produced a number of successful films and television shows, including the “Power” franchise, “BMF” on Starz, and most recently “Hip Hop Homicides” on WE tv.
Fifty, whose net worth reportedly is estimated at $40 million, broke with Starz in 2022, after announcing his disappointment with the deal and network. The deal, which was signed in 2018 and was for four years, was reportedly worth $150 million. But it was a tumultuous partnership.
He claimed his TV production series are #1, #2, #3 and #4 among Black and Latino viewers on Starz. This included the “Black Mafia Family (BMF)” and “Power” series, including its spinoffs, “Power Book II: Ghost,” “Power Book III: Raising Kanan” and “Power Book IV: Force.”
Earlier this month, he went to Twitter to complain about Starz. He tweeted, “I have the number 1,2,3, and 4 top TV shows in African American, and Latina households. I hate that i did them with the wrong people. I’m not doing any BMF spin offs or selling any other shows to STARZ.”
In February 2023, he and G-Unit Film & Television signed a non-exclusive broadcast direct deal with FOX. The deal includes the development of scripted dramas, live-action comedies and animated series.
Will the New Studio Be In Shreveport?
The Shreveport facility that 50 toured months back was previously occupied by The Weinstein Company under the name Millennium Studios. But it’s been vacant for several years. In February, rumors circulated that 50 Cent was in the area with the intention of becoming the new owner.
In 2021, the city of Shreveport purchased Millennium Studios for $3.8 million. The property has two sound stages, production offices, a construction mill, an SFX mill and a VFX studio.