Aside from his interest in rap music, 50 Cent has signed a deal with TVGoods Inc. to launch a new line of wireless headphones and other audio accessories with top quality and high technology. According to 50 Cent, he had to terminate his original deal with Sleek Audio and his company, G-Unit because his former brand of headphones “Sleek by 50″ has been canceled. Sleek Audio is owned by TVGoods Inc.
Under the new deal, 50 Cent has formed a new LLC company under the name of SMS Audio LLC to develop his new line of audio products. 50 Cent has stated that he is excited about this new deal and that he is planning to give his fans the best product in the audio industry. In addition to forming his own company, 50 Cent still owns a large number of shares of TVGoods Inc. 50 Cent purchased 7.5 million shares for $750,000 during the old deal. As part of his business strategy, 50 Cent often purchases shares of a company in order to have ownership in any company that using his name or brand to make money.
