50 Cent Invests $124 Million in Louisiana Entertainment Studios
Curtis “50 Cent” Jackson, the executive producer of Netflix’s hit documentary series “Sean Combs: The Reckoning,” is investing $124 million in a new production campus in Shreveport, Louisiana. This significant investment is expected to generate an economic impact of nearly $19 billion and support over 6,000 jobs throughout the state, according to an independent economic impact study commissioned by Jackson’s entertainment company, G-Unit Film & Television.
Renovation and Development Plans
The development will renovate former facilities owned by Stageworks and Millennium Studios, as well as build a dome-like immersive venue and a new park. The state of Louisiana has agreed to provide $50 million in performance-based funding for infrastructure at these sites, as announced by the Louisiana Economic Development office. Jackson’s goal is to turn Northwest Louisiana into the premier destination for film, music, and live entertainment on a national scale.
Jackson revealed the blueprints for the studios around two years ago and was granted a long-term lease with the city last year. The New York-born rapper has worked closely with local and state officials to help advance economic growth and tourism as part of an effort to bring the entertainment industry to the Southern state. With this investment, Jackson aims to create jobs, inspire hope, and attract new productions to the area, giving the entire entertainment industry a reason to build their futures in Shreveport.
G-Unit Film & Television’s Successes
G-Unit Film & Television, founded by Jackson in 2005, is responsible for producing shows for major streamers and networks like ABC, BET+, Netflix, and Hulu. Some of its biggest projects include the Starz series “Power,” which Jackson produced, directed, and co-starred in, and the show’s many spinoffs. The company has also expanded beyond film and TV to work in audio formats like podcasting. Recently, G-Unit had one of its biggest successes with “Sean Combs: The Reckoning,” a four-part docuseries that debuted at No. 1 on Netflix in over 50 countries and notched 40 million views worldwide in the first two weeks.
The studio is currently in production on an original boxing drama series, “Fightland,” which will air on Starz, and is working to develop “Black Klansman” author Ron Stallworth’s nonfiction work, “The Gangs of Zion,” into a Hulu show called “Hip Hop Cop.” With this new investment, G-Unit Film & Television is poised to continue its success and make a significant impact on the entertainment industry.
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