Despite his often cool demeanor when it comes to anything relating to his business ventures, 50 Cent admits to being stressed about his most recent venture.
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Last week, the Louisiana House of Representatives voted to eliminate the $150 million tax incentive for TV and film production companies, according to KSLA News. This decision would’ve eliminated much of the benefit that 50 Cent hoped for when he established his G-Unit Film Studios in Shreveport, La.
Despite the negative news, the Queens rapper initially had a rather optimistic tone about the news, writing on Instagram, “This doesn’t feel good but it could be great for Louisiana, patience let’s see how it plays out.”
In another post, he wrote, “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.”
Those initial reactions make it sound like the hip-hop mogul wasn’t worried. But he, in fact, was.
On Monday, the Louisiana Senate Committee voted to keep the tax incentive for TV and film production and instead opted to lower the cap to $125 million from its original $150 million, according to Variety.
Shortly after the news was made public, Fif shared that he was stressing over the news, writing on IG, “Man they had my ass sweating! WTF, we back in action watch. I’m coming with some heat.”
In April, the Queens rapper announced the launch of his G-Unit Film Studio in Shreveport. His business relationship with the city began in November 2023, when the Shreveport City Council agreed to introduce legislation that would allow 50 Cent’s G-Unit Film & Television Inc. to lease Millennium Movie Studio as a base for his company, according to KSLA.
Although the move to house his film studio in Shreveport is meant to grow his entertainment empire, he’s also doing it to help the Shreveport community. Orville Hall, the Growth Advisor for G-Unit Film Studios, also shared that they have plans to help families get mortgages and create media programs for high schools in the area.
50 Cent has multiple TV and film projects in the works, including a series based on Eminem’s 2002 film, “8 Mile,” and a documentary about Sean “Diddy” Combs and his alleged crimes.
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