Despite 50 Cent’s plummeting popularity, reports are claiming that the G-Unit leader is set to sign a new ‘360’ deal with Rupert Murdoch’s News Corporation which is said to be worth a whopping $300 Million. Check out the report via Contact Music below: The In Da Club hitmaker is in final negotiations with Murdoch’s News Corp firm – which owns social networking site MySpace – for a large stake in all aspects of the 50 Cent brand, including music, concerts, books and his label G-Unit Records.
If the agreement goes ahead, G-Unit Records and its roster of artists will move under News Corp’s MySpace Records umbrella.
According to reports, half of the $300 million deal will be in stock, potentially making 50 Cent – real name Curtis Jackson – one of the biggest News Corp shareholders.
However, the deal is not expected to be finalised until next year (09) – allowing the star to fulfil all of his contractual obligations with his current label, Interscope Records.
Unless 50’s music career has a turn-around soon, News Corp will be buying into a sinking brand IMO. The ‘Kanye Chart Battle’ episode reinforced that. Yes, he’s still a relatively big seller, but it speaks volumes that after the much hyped ‘battle’, ‘Curtis’ dropped like a rock on the charts. With every release since his 2003 debut, 50 has sold less and less. I guess time will tell if this works out…
Your thoughts?
LMFAO! someone is going to be straight OUT a cool $300 million
you could’nt have said it better.What are they thinking.me and my sister we’re just talking about him this morning and his worthless music.and now i have to go back to her and break her heart with this horrible news.who has 300 million to waste on that man
5O is not the business no more. I say that it is bad business move on their part. To tell you the truth 50 is done musically.
i cant believe this news is real. when i first read it on another website, i thought it was a joke!
funny, he still sold more than every other rapper 2nd to kanye. and he’s outsold kanye internationally
keep on hating fif is still richer
50 cent music is garbage all his songs sound the same and he talks about the same ish. Not only that he tries to stay relevant buy beefing with everybody always so negative. I was so glad kanye blew him out the water 50 get down and stay down