50 Cent draws in celebrity friends’ star ‘Power’ to his show

Rapper-turned-producer 50 Cent is the executive producer behind ‘Power.’ (Photo supplied)
Updated 10 September 2018

50 Cent draws in celebrity friends’ star ‘Power’ to his show

  • 50 Cent will continue as the show's producer despite his character being killed off
  • The rapper has plans to bring in some of his other celebrity friends into the show

DUBAI: 50 Cent’s character was killed in the latest episode of his hit television show “Power,” airing in the Middle East on Starz Play Arabia, but that does not mean that he will be stepping away.

Before becoming a ratings winner and the flagship show of the network, “Power” attracted viewers through 50 Cent being heavily promoted as its executive producer. The rapper brought a sense of realism to the African-American-led crime drama, a role he will continue to hold.

As a producer, 50 Cent has assisted the show in more ways than one. In a recent episode, he brought in Pulitzer Prize-winning rapper Kendrick Lamar for his acting debut on the show, a performance that garnered positive reviews from fans and critics.

“His response, just the general public’s response to his performance, was more encouraging than me. It was a huge response,” 50 Cent told Arab News.

50 Cent has plans to bring in some of his other celebrity friends as well. After their successful collaboration in the 2018 film “Den of Thieves,” 50 Cent and Gerard Butler have spoken about Butler potentially coming on the program. According to 50 Cent, “Den of Thieves” outperformed expectations because of how well the two of them got along, both on screen and off.

“With ‘Den of Thieves,’ we came in seven million over what they projected and they accounted that to my involvement and the things that we were doing marketing-wise during the promo. Me and Gerard, I think that also opened his interest and having the audience coming out to see him and me,” said 50 Cent.

Power’s audience overlaps strongly with Butler’s, 50 Cent said. “They love Gerard Butler, the same audience watching ‘Power,’ but they love when he’s playing aggressive characters like in ‘300’ or in ‘Law Abiding Citizen.’”

Who would be his dream guest star? 50 Cent did not hesitate to answer.

“Oh, De Niro. I’d bring De Niro. And he’s in New York! He’s always the dream guy to get.”

Michael Kors agrees to buy Versace for €1.83 billion

Updated 25 September 2018

Michael Kors agrees to buy Versace for €1.83 billion

MILAN: US fashion group Michael Kors has agreed to buy Versace in a deal valuing the revered designer at $2 billion including debt, the companies said on Tuesday, making it the latest Italian brand to fall into foreign hands.
Michael Kors, whose namesake label is best known for its leather handbags, has made no secret of its ambition to grow its portfolio of high-end brands after buying British stiletto-heel maker Jimmy Choo for $1.2 billion last year.
Versace, known for its bold and glamorous designs and its Medusa head logo, was one of a clutch of family-owned Italian brands cited as attractive targets at a time when the luxury industry is riding high on strong demand from China.
“We believe that the strength of the Michael Kors and Jimmy Choo brands, and the acquisition of Versace, position us to deliver multiple years of revenue and earnings growth,” John Idol, chairman and CEO of Michael Kors said.
As part of the deal, Michael Kors agreed to buy all of Versace’s outstanding shares for a total enterprise value of €1.83 billion ($2.2 billion), to be funded in cash, debt and shares in Michael Kors Holding Ltd, which will be renamed Capri Holdings Ltd.
US private equity firm Blackstone, which bought 20 percent of Versace back in 2014, will fully exit its investment.
The Versace family, which currently owns 80 percent of the fashion house via a holding company called Givi, will receive €150 million of the purchase price in Capri shares.
“We believe that being part of this group is essential to Versace’s long-term success. My passion has never been stronger,” said Donatella Versace, sister of the company’s late founder, and artistic director and vice president of the Milan-based group.
After the deal, Versace CEO Jonathan Akeroyd will remain at the helm of the company, while Donatella Versace will “continue to lead the company’s creative vision,” Idol added.
The deal is expected to close in the fourth fiscal quarter, subject to regulatory approvals.
Michael Kors said it plans to grow Versace’s global sales to $2 billion globally, boost its retail footprint to 300 stores from around 200 at present and accelerate its e-commerce strategy. It also plans to raise the share of higher-margin accessories and footwear to 60 percent of sales from 35 percent.
Versace does not disclose its financial details, but documents deposited with the Italian chamber of commerce show that last year it posted sales of €668 million and earnings before interest, tax, depreciation and appreciation of €45 million.