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*Rapper/actor 50 Cent has announced plans to begin producing independent films under his newly-launched production company reports the Los Angeles Times.
Fitty, born Curtis Jackson, announced the venture during a press conference held Saturday (Jan. 19) at the House of Hype in Park City, Utah, where the Sundance Film Festival is currently taking place.
The unnamed company is a joint venture with business partners Chris Lighty of Violator Management and movie executive Randell Emmett, who produced 50's film "Home of the Brave " and the rapper's upcoming movie, "Righteous Kill."
Co-starring Robert DeNiro and Al Pacino, "Righteous Kill" is due in theaters on April. 18.