50 Cent Scores $200 Million Fund for His Film Company
50 Cent's acting and production career got a boost this week, when his company Cheetah Vision Films inked a new, 10-picture movie deal that will be backed by a $200 million hedge fund.
Curtis "50 Cent" Jackson and his partner Randall Emmett -- who launched Cheetah Vision in 2009 -- have teamed up with George Furla's Hedge Fund Film Partners to release their next ten movies through Grindstone Entertainment and Lionsgate Entertainment.
Health care and real estate moguls, Richard Jackson, Gary Sakwa and Daniel Ret have agreed to finance 4-5 films per year, for Cheetah Vision, with an estimated budget of $20 million per film. The first film set to go into production is the upcoming action flick 'Set Up,' which will see 50 Cent in another leading role. Casting for the movie -- which is based around a diamond heist -- is already underway and shooting is scheduled to begin in November.
"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," Emmett told Variety. "He came to me and said, 'How do we move quicker on projects?" With this new fund, we are able to do that."
50 Cent appeared in Emmett/Furla Film's 2008 action flick 'Righteous Kill,' alongside Robert DeNiro and Al Pacino.