May 14, 2008. If everything goes according to plan, by next year 50 Cent will be one of the richest and most powerful men in all of entertainment. In an EXCLUSIVE REPORT, MediaTakeOut.com has just learned that 50 Cent is in the midst of putting together one of the most comprehensive entertainment deals ever signed.
According to a person close to Curtis "50 Cent" Jackson" is on the verge of signing a 10 year deal which will give News Corp far reaching control over the 50 Cent brand. And the deal is also poised to launch the company's MySpace Records into the big leagues. MediaTakeOut.com has received a preliminary set of terms of the proposed deal:
# The multi-platinum 50 Cent and his G-Unit artists will move to a new G-Unit label created under MySpace Records.
# all of 50's concert touring would be marketed and sold through a newly created News Corp entity;
# 50's website Thisis50 will be acquired and run by News Corp;
# in addition, 50 would get his own production studio to put out film and tv projects.
And the cost to News Corporation for all that - $300M in cash and stock. The insider told MediaTakeOut.com, "At least half of it will be in stock.  will be one of the largest shareholders of News Corp. when the deal is done."
While nothing has been finalized. The deal is scheduled to go into effect in 2009 - after 50 completes his final album with Interscope.
Talk about making big moves