Rapper Bow Wow and R&B heartthrob Omarion are getting ready to start work on a joint album project, a two-CD set the two plan to release before the end of the year.

Rapper Bow Wow and R&B heartthrob Omarion are getting ready to start work on a joint album project, a two-CD set the two plan to release before the end of the year.

Bow Wow tells Billboard.com that he and Omarion expect to hit the studio before the end of May. "Me and O have been trying to put this together for so many years, and now we've got the opportunity to do it," he says. "We're in the creative process right now, still trying to come up with a title and everything. Me and him are coming up with ideas daily, so the process is gonna go real smooth. We're anxious to get in the studio together and make this whole thing happen."

The Atlanta-based MC (real name Shad Gregory Moss) says he expects the resulting album "to be an event" when it's released. "I'm not even calling it an album," Bow Wow says. "It's gonna be a special event. It's gonna be crazy, something the people have been waiting on -- the girls have been waiting on -- for years."

The two performers are hardly strangers, having partnered on past Scream tours, while former B2K frontman Omarion (ne Omari Ishmael Grandberry) appeared on Bow Wow's 2004 single "Let Me Hold You."

"He's one of my best friends," Bow Wow says of Omarion. "So any time you get a chance to work with somebody you're best friends with, it's not even gonna be like work. It's gonna be like working with family."

Bow Wow is currently touring to promote his fifth album, "The Price of Fame," and will have an as-yet-unnamed song on the upcoming "Rush Hour 3" soundtrack, which will also feature Janet Jackson.

In addition, he's launching his own label, LBW Entertainment, which features fledgling artists such as Young Jinsu and Clee-O. The musical projects have, however, put a hold on his acting career, which includes roles in the films "Like Mike," "Roll Bounce" and "The Fast and the Furious: Tokyo Drift," as well as TV's "Smallville."

"I think this year's gonna be more of a music year for me," Bow Wow says, "and I think that next year I'll have time to get into some movies. I may do some TV shows here and there, different things like that. But I'm devoting a lot of time to the next big thing, which is this Bow Wow/Omarion project."

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