InvestorsHub Logo
Followers 17
Posts 2691
Boards Moderated 1
Alias Born 01/17/2007

Re: None

Monday, 10/27/2008 1:15:58 AM

Monday, October 27, 2008 1:15:58 AM

Post# of 86719
It's all about the trademarks.

Returning to Queens, the fledgling rapper scored a $65,000 deal with Columbia Records. But in 2000 his past caught up with him. Days before his first album, Power of the Dollar, was set to hit stores, 50 was shot nine times and left for dead in front of his grandmother's house. Columbia dropped him, and the record was never released, though it has since been heavily bootlegged. Undeterred, he returned to the studio as soon as he recovered from his wounds. He started churning out "mix tapes," which are informally circulated at parties, and soon he had become an underground rap sensation.

The tapes earned him a following--and a big break. In 2002 star rapper Marshall "Eminem" Mathers heard his driver playing one of 50's songs. Eminem was so impressed with the music that he invited 50 to Los Angeles to meet with him and producer Andre "Dr. Dre" Young. Within days, they signed 50 to a million-dollar deal for five albums.

But from the start, 50's career was more about business than music. He spent his first $300,000 registering the "50 Cent" and "G-Unit" trademarks; in 2003 he brought on veteran talent manager Chris Lighty to head up his business entourage. Today, Lighty is part of an informal board of directors for brand 50 Cent. The team helps 50 sort through endorsement offers, brainstorm new ideas and operate his businesses.

At the top of that pyramid is 50 himself. Ask any of his associates what sets him apart, and they'll all tell you it's his fiendish work ethic. In a recent 24-hour span, he started by filming scenes for Streets of Blood from 7 p.m. to 7 a.m. (He will star in the flick, due out next year, alongside Val Kilmer and Sharon Stone.) He then went straight to the mobile recording studio he keeps on set and worked on his new album for four to five hours. After snagging a few hours of sleep, he went right back to the studio.

"I don't think he'll ever stop working," says Laurie Dobbins, chief operating officer of Lighty's company, Violator Management. "He's got the work ethic of a robot. I think he works 24 hours a day."




Doing the work required to bring quality information to others: Rilo787, sneakypeaky, Tirunesh, BillyC49, Coopermun, OldTimer