In a groundbreaking development, 50 Cent has secured a deal to establish G-Unit Film & Television Studio in Shreveport, Louisiana. City council members introduced legislation permitting the leasing of Millennium Movie Studio to the Hip Hop mogul for his entertainment venture, G-Unit Film & Television Louisiana, LLC.
Mayor Tom Arceneaux expressed optimism about revitalizing the local film industry, anticipating a significant impact on the Shreveport area.
Scheduled to continue his Final Lap Tour, 50 Cent is already making substantial strides in the television and film domain. As reported by KSLA News on November 14, the proposed lease, subject to approval, entails a yearly cost of $2,400 for 30 years, with an option for a 15-year renewal.
Mayor Arceneaux highlighted 50 Cent’s commitment to maintaining and repairing the studio, estimating an annual expenditure of $160-170 thousand. Emphasizing the seriousness of the proposal, the Mayor noted that 50 Cent is expected to invest several million dollars in facility improvements.
This strategic move not only positions 50 Cent as a key player in the entertainment industry but also signals a potential resurgence of the film sector in Shreveport. If approved, the lease agreement reflects a long-term commitment, underscoring the transformative impact expected from this collaboration.