Film and TV company attached to 50 Cent invests $124 million in new Louisiana production studios

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Following the global success of Netflix’s “Sean Combs: The Reckoning,” its executive producer, Curtis “50 Cent” Jackson, plans to invest $124 million in a new production campus in Shreveport, La.His entertainment company, G-Unit Film & Television, will develop three venues in the northern Louisiana city, as announced in a release Monday.The new production base 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 the company.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.

According to the Louisiana Economic Development office, the state said it agreed to provide $50 million “in performance-based funding” for infrastructure at these sites.“By reinvesting in downtown Shreveport and upgrading existing assets to create state-of-the-art entertainment and production facilities, we are creating jobs, inspiring hope, attracting new productions, and giving the entire entertainment industry a reason to build their futures right here,” said Jackson in a press release.“My goal is to turn Northwest Louisiana into the premier destination for film, music, and live entertainment on a national scale.

All Roads Lead to Shreveport.” Hollywood Inc.Paramount has signed a 10-year lease to occupy a production facility currently under construction in New Jersey.

The move will allow the media company to qualify for the state’s tax incentives.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...