Viacom-owned Paramount Pictures and its affiliate MTV Films have inked a first-look deal with Interscope Geffen A&M chairman/CEO Jimmy Iovine and Eminem manager Paul Rosenberg. Under the agreement

Viacom-owned Paramount Pictures and its affiliate MTV Films have inked a first-look deal with Interscope Geffen A&M chairman/CEO Jimmy Iovine and Eminem manager Paul Rosenberg. Under the agreement, which is reported to be a three-year deal, Iovine and Rosenberg will produce and develop feature films.

One of the first projects will be "Locked and Loaded," a semiautobiographical movie starring 50 Cent in his big-screen debut. In the movie, the rapper will play a former drug dealer who gives up a life of crime to pursue a music career. "The Sopranos" writer/executive producer Terence Winter is writing the screenplay for "Locked and Loaded," which Paramount says is expected in theaters in 2005 or 2006.

Iovine and Rosenberg were, respectively, a producer and executive producer of Universal Pictures' "8 Mile," a 2002 feature film loosely based on the life of its star, Eminem. The film grossed nearly $117 million at the U.S. box office, according to Nielsen EDI. The "8 Mile" soundtrack (Shady/Interscope Records) spawned Eminem's "Lose Yourself," which hit No. 1 on The Billboard Hot 100 in addition to winning an Academy Award for best original song and a Grammy Award for best rap song. The "8 Mile" soundtrack has sold 4.6 million copies in the United States, according to Nielsen SoundScan.

Rosenberg is a VP at Eminem's Shady Records, whose roster includes Eminem and 50 Cent. Sources say that Shady/Interscope is expected to release the "Locked and Loaded" soundtrack.

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