Violator Management, who manages hip-hop superstars such as 50 Cent, Missy Elliot and Busta Rhymes, will be joining forces with Paramount Pictures and an independent film company called DJ Classicz.

Together they will be developing an urban themed horror movie titled "Shady Talez".

The movie will supposedly be paying homage to hip-hop through classic horror movies and will revolve around three separate stories. "Shady Talez" will be produced by John Davis and Dallas Jackson. The movie will also be executively produced by Violator bosses Chris Lighty and Mona Scott. "

"We intend to marry each of the stories with a hot director from the music video and/or film world along with Violator's hip-hop talent roster," Dallas Jackson said.

That roster includes many notable figures in the hip-hop community such as Tony Yayo, LL Cool J, Saigon, Kia Shine, Uncle Murda and Papoose.

In other news, 50 Cent settled yesterday in court over an incident that occurred in 2003. Jim Acorn, a photographer who was working for The NY Post at the time, filed a lawsuit against the rapper after he claims that he was knocked down by 50's security people outside of a jewelry shop.

Acorn was supposedly trying to capture some pictures of Fif who had just bought an $18,000 watch. He was subsequently rushed to the hospital and found to have neck and jaw injuries.

Alcorn's lawyer, Sanford Rubenstein, stated that , "A settlement has been reached and all parties are satisfied.", while a representative for 50 said, "It's a legal issue that has been settled."