The rapper, whose real name is Curtis Jackson, has signed a deal with producer Robert Jackson to make three screenplays into movies, WENN reports.
Val Kilmer has reportedly agreed to star in the first film, called The Gun. The movie will allegedly be about two friends who get caught up in illegal weapons dealing.
50 Cent explained that he enjoys writing films because it gives him time to develop characters and storylines.
"When you write a song, you need to say it in three minutes or it is overkill," he said. "But I like creating stories and going in-depth with characters."
The performer, who has starred in the films Righteous Kill and Dead Man Running, recently said that his music is his priority.