SHREVEPORT, Louisiana – In a significant development in Shreveport’s entertainment industry, the Shreveport City Council has initiated steps to lease the Millennium Movie Studio to G-Unit Film & Television Louisiana LLC, a company led by renowned artist Curtis “50 Cent” Jackson. This move marks a notable collaboration between the city and the entertainment sector.
Shreveport City Council members, in a meeting held on November 14, 2023, introduced legislation for leasing the city-owned Millennium Movie Studio to G-Unit Film & Television Louisiana LLC. The studio, located at 300 Douglas St., is poised to become a hub for various production activities under this new arrangement.
The proposed lease agreement includes a remarkably low annual rent of $2,400 for 30 years, with an option to renew for an additional 15 years. This strategic partnership is expected to enhance the city’s profile in the film and television industry, potentially leading to increased local employment and economic growth.
As part of the lease, G-Unit Film & Television would also gain access to all furniture, fixtures, and equipment currently within the studio. This arrangement provides the company with a ready-to-use facility, minimizing initial setup costs and facilitating immediate operational commencement.
The ordinance for this lease will be considered for final passage in the upcoming City Council meeting scheduled for December 12. The full ordinance document is available for public viewing here.
The proposed lease of the Millennium Movie Studio to 50 Cent’s G-Unit Film & Television represents a significant step for Shreveport in attracting high-profile entertainment projects. The favorable terms of the lease reflect the city’s commitment to nurturing the local film and television industry, with the potential for substantial economic and cultural benefits.
The Shreveport Sun Online is interested in your thoughts on this proposed deal. Please use the poll below to let us know if you think this is a great way for the city to attract big business or a bad deal that sees the city giving up far too much, with only speculative economic impact in return.
