G-Unit Studios

50 Cent Doesn’t Feel Good About Louisiana’s New Film Tax Cut

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Damn, 50 Cent, your G-Unit Studios in Shreveport, Louisiana, promised to be the next big thing in Hollywood, what happened? The mogul’s new film empire may have endured an obstacle after the state announced plans to eliminate its film tax credit on Wednesday (Nov.13). The Louisiana House of Representatives voted to dismantle the state’s $150 million tax incentive program, threatening the film industry and the future of operations in Shreveport. 50 Cent fans on Instagram were encouraged to “stay positive” in several posts. 

He captioned the first post with, “This doesn’t feel good, but it could be great for Louisiana. Patience—let’s see how it plays out.” A second post captioned: “I know people in Shreveport are sick right now, stay positive everything happens for a reason. I want to thank you for supporting me with Humor Harmony having zero violent crimes for 16 days, believe it or not that made that event one of my biggest accomplishments.” 50 Cent launched G-Unit Studios in April.

Read more: 50 Cent And Busta Rhymes Roast Each Other Over Bad Haircuts On Instagram

Is 50 Cent’s Louisiana Empire In Danger?

Shreveport’s Mayor Tom Arceneaux publicly discussed the loss of the tax credit and acknowledged the challenge ahead and the lack of immediate solutions. The removal of this funding threatens the city’s efforts to establish itself as a prominent Southern film hub—a status that 50 Cent’s recent investments had helped shape. 50 Cent’s involvement was set to bring Shreveport into the film industry spotlight.

The vote to eliminate the credit passed decisively at 87-12 and now heads to the State Senate and Governor’s desk. Without reinstatement, the state risks losing a unique opportunity for growth in entertainment. 50 Cent’s investments could bring major production and jobs to the region. The tax elimination may result in relocation. G-Unit Film and Television Studio was originally to be located in Houston, Texas. In October, he raised 500,000 for the Houston Children’s Charity. 50 holds an annual Tycoon Festival in Texas.

Read more: 50 Cent Thinks Ray J Needs To Chill Out After His Latest Diddy Rant

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50 Cent Denies Being In Competition With Tyler Perry Over His New Film Studio, Despite Rumors Suggesting Beef

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50 cent TOP
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For the past decade, rapper and entrepreneur 50 Cent has had television in a chokehold — notably with the Power franchise, as well as his series BMF. Given his sucess in the realm of TV, 50 is taking his on-screen endeavors to the next level.

Back in March, 50 launched G-Unit Studios, a 330-acre compound, in Shreveport, Louisiana. While this is an exciting new chapter in 50’s career, some people started comparing his endeavors to those of producer, director, and writer Tyler Perry.

The Root even published an article titled “50 Cent Preparing to Be a Tyler Perry Rival?“, which 50 immediately shut down. 50 took a screenshot of the article and wrote an Instagram post, noting that things are going well on his end, and that he’s not in competition with anyone.

“I’m doing great but you’re getting it fvcked up, if you think me and Tyler will be at odds at any point,” he said in the post’s caption. “He’s helping me, already going out of his way to aid my progress. So in the nicest way cut the sh*t!”

G-Unit studios is set to open August 8, per an announcement on 50’s Instagram page. You can get a first look at the studios above.

50 Cent Compared To Tyler Perry On Social Media Due To This Hilarious Link

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50 Cent recently opened up his G-Unit Film & Television studio in Shreveport, Louisiana, which obviously resulted in a lot of fanfare and celebration. Moreover, reports from XXL suggest that the 956,000-square-foot property became the second-largest Black-owned production studio in the world, right behind Tyler Perry’s titular studio in Atlanta, which he launched in 2019. In fact, the lot is the biggest studio in the U.S. and the first one with African American ownership. As such, people online started to compare Fif to being the “male” version of Perry, cheekily referencing the entertainment mogul’s role as Madea in a host of popular media.

Furthermore, 50 Cent seemed very appreciative and excited, especially at the ceremony at the city’s Government Plaza where he signed a symbolic a lease to open the studio and got the key to the city. In fact, the Queens rapper also commented on Mayor Tom Arceneaux, who was there to honor him as well, in an Instagram post commemorating the occasion. “Mayor Tom Arceneaux really cares about people,” he wrote as the post’s caption, which included pictures of them at the event. “I talked to him today I was really impressed with his energy. I usually be like [eyes emoji] wait a minute, when politicians are involved but I think he is a whole good guy. WTF.”

Read More: Meek Mill & 50 Cent’s Beef, Revisited: A Timeline Of Events

50 Cent Celebrates The Launch Of G-Unit Studios In Louisiana

Elsewhere on social media, the “21 Questions” rapper has just been relentlessly trolling Diddy amid his sex crimes allegations, so it’s nice to see this change of pace. We’ll have to see what these new G-Unit studios result in as far as media projects. With series under the production company’s affiliate belt like Power and BMF, we can only expect similar greatness moving forward with this expansion. Maybe Tyler Perry will collaborate with 50 Cent someday. Regardless, check out how folks compared these icons on Twitter down below.

Fans Compare Fif To Tyler Perry

Meanwhile, Perry was recently in some one-sided feuding with Mo’Nique amid the comedy world drama that kicked this year off with a bang. Perhaps we’ll never know what really came of all this, but it’s still a hot topic of conversation. G-Unit’s got one heck of a documentary to produce if they ever wanted to give that a shot. Nevertheless, for more news and the latest updates on 50 Cent and Tyler Perry, keep checking in with HNHH.

Read More: Tyler Perry Offers Cocoa Brown $400K After House Fire, Fans Still Aren’t Giving Him A Pass

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50 Cent Opens G-Unit Films & Television Studio In Louisiana

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50 Cent has officially opened a G-Unit Films and Television studio in Louisiana after the city council in Shreveport approved his lease of Millennium Studio. According to local news station KSLA12, he’ll only be paying $2,400 a year and maintenance fees for use of the building, which the city owns. In explaining why the city council voted in favor of the deal, Councilwoman Tabatha Taylor argued that 50’s presence will present residual effects for local businesses.

“We already know that 50 Cent is a mighty mogul in the entertainment business,” Taylor told the news outlet. “But, the residual effects for local businesses here is what’s going to be felt. We have rebranded Shreveport in the entertainment industry, and now we are considering ourselves back again as an entertainment mecca.”

Read More: 50 Cent Buys 985,000 Square Foot Studio For Film & TV Projects

50 Cent Promotes “Power”

WEST HOLLYWOOD, CA – MAY 03: Actor/producer Curtis ’50 Cent’ Jackson attends For Your. Consideration event For Starz’s ‘Power’ at The Jeremy Hotel on May 3, 2018 in West Hollywood, California. (Photo by JC Olivera/Getty Images)

50 Cent announced the deal on his Instagram account, Wednesday. “All Roads lead to Shreveport if you ready to work in film and television. G-unit studios Is officially in Louisiana. BOOM GLG GREENLIGHTGANG,” he wrote. The move comes as 50 is set to finish up his Final Lap Tour in Thailand later this month. When announcing the tour, he revealed that his intention was the shift away from music after its conclusion and focus on film and television. He said back in May: “I won’t be running around like this no more. I gotta do my film and television stuff and got a lot of other things going on behind the scenes that I gotta work on. So I won’t be out touring as much as I’ve been touring… I’m having fun this time because it’s set up to enjoy myself, we not feeling pressure.”

50 Cent Reveals G-Unit Studios

 
 
 
 
 
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A post shared by 50 Cent (@50cent)

As for what projects 50 has in store, he previously detailed plans for an 8 Mile series. Be on the lookout for further updates on 50 Cent on HotNewHipHop.

Read More: 50 Cent Dishes On New Eminem “8 Mile” Series

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50 Cent Gives Look at 985,000 Square Foot Space Set to Become G-Unit Studios

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50 Cent Apologizes to Megan Thee Stallion for Social Media Jokes About Tory Lanez Shooting

50 Cen’t television takeover is about to hit the next level. The G-Unit rapper hit Instagram to highlight the next step, G-Unit Studios.

Online, 50 Cent shared a massive new space, which he states is 985,000 square feet, and will serve as G-Unit studios.

“Well, would you look at here,” 50 said. “985,000 square feet. Can you say G-Unit studios?”

Recently, 50 Cent has signed on to executive produce the upcoming Television series Redemption Ink.

Through his production company G-Unit Films & Television, the ‘In Da Club’ rapper is contributing to the new unscripted show. The show, which will follow former gang and hate group members as they get past body art altered into new, unrelated designs, is scheduled to be streamed on Hulu, according to Deadline.

“While sitting in the chair, (participants) will share their emotional stories with the talented tattoo artists devoted to giving them hope,” a summary reads.

A potential release date has not yet been announced.

The post 50 Cent Gives Look at 985,000 Square Foot Space Set to Become G-Unit Studios appeared first on The Source.