50 Cent simply locked down the most important leisure growth deal Louisiana has seen in a long time and the timing couldn’t be extra strategic for either side.
G-Unit Movie & Tv Louisiana finalized its $124 million settlement with the state on Monday (January 12), making a three-venue leisure complicated in downtown Shreveport that positions Louisiana as a critical competitor to Georgia and California within the movie manufacturing sport.
The deal transforms three key properties into state-of-the-art amenities: the previous Stageworks venue for stay occasions and manufacturing, the previous Millennium Studios campus for enhanced movie capabilities, and a brand-new dome-style immersive venue with a green-space park.
Governor Jeff Landry stated the mission proves Louisiana’s enterprise setting is attracting main gamers throughout each {industry} and area of the state.
“Over the previous two years, my administration has labored to construct probably the most aggressive enterprise setting within the nation, and this announcement is one other clear signal that our momentum is actual and that our wins span each nook of the state and each {industry}.”
An impartial financial affect examine commissioned by G-Unit initiatives that the event will generate $18.8 billion in financial affect over the subsequent 20 years, help greater than 6,000 jobs statewide, and pay $300 million in wages.
50 Cent stated this mission represents his long-term dedication to Shreveport and Louisiana, with plans to create state-of-the-art leisure and manufacturing amenities that may appeal to new productions and provides your entire leisure {industry} causes to construct their futures in Northwest Louisiana.
“This mission is the conclusion of the long-term dedication I’ve made to the Metropolis of Shreveport and the State of Louisiana,” 50 Cent stated. “By reinvesting in downtown Shreveport and upgrading present belongings to create state-of-the-art leisure and manufacturing amenities, we’re creating jobs, inspiring hope, attracting new productions, and giving your entire leisure {industry} a purpose to construct their futures proper right here.
“My purpose is to show Northwest Louisiana into the premier vacation spot for movie, music, and stay leisure on a nationwide scale. All Roads Result in Shreveport,” 50 Cent added.
Louisiana Financial Growth entered right into a Cooperative Endeavor Settlement offering as much as $50 million in performance-based funding for eligible infrastructure and modernization enhancements on the three mission websites, with state help tied on to financial affect, native enterprise engagement and supply of infrastructure enhancements.
LED Secretary Susan Bourgeois stated Northwest Louisiana continues to display its place as a middle for artistic and financial alternative, with the power revitalization producing new entertainment-industry alternatives, together with movement image manufacturing, new jobs, and new funding throughout the area.
The state established the Shreveport Movie & Leisure Financial Growth Company to supervise and maintain accountable the mission and related state funds, with a board that features Secretary Bourgeois, two governor-appointed members, and legislative representatives.
Fif’s G-Unit Movie & Tv has constructed a formidable observe report producing hit collection, together with the Energy franchise, Black Mafia Household, For Life, and up to date Netflix documentary Sean Combs: The Reckoning, which debuted at primary in additional than 50 international locations.
The corporate just lately launched the FAST channel 50 Cent Motion, which grew to become the primary motion channel on Roku and LG Channels’ platforms, that includes premium content material from Lionsgate’s library, together with the unique Energy collection and hit movies like John Wick and The Expendables.
Louisiana’s leisure {industry} has been constructing momentum with tax incentives and infrastructure investments, however 50 Cent’s dedication represents the biggest single personal funding within the state’s leisure sector and alerts confidence in Louisiana’s potential to compete with established manufacturing hubs.
The mission timeline requires phased growth starting this yr, with development anticipated to create speedy job alternatives whereas the finished amenities will help ongoing movie and tv manufacturing, digital media work and large-scale leisure occasions.
The settlement contains particular efficiency benchmarks tied to job creation, native enterprise engagement and infrastructure supply, guaranteeing state funding flows solely as 50 Cent’s firm meets predetermined financial affect targets.
Development on the primary part of renovations is scheduled to start within the second quarter of 2026, with the modernized Millennium Studios campus anticipated to be operational by early 2027.
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