Locked and Loaded: According to The Hollywood Reporter, Jim Sheridan has signed on to direct gangster movie Locked and Loaded for Paramount Pictures and MTV.

The film, which stars rapper 50 Cent, is the first to fall under a three-year, first-look deal the studio struck with Interscope Geffen A&M chairman Jimmy Iovine and Eminem manager Paul Rosenberg.

Locked and Loaded tells the story of an orphaned kid who turns away from crime and lands a successful musical career. "The Sopranos" scribe Terence Winter penned the script.

"A movie starring 50 Cent and directed by an acclaimed talent like Jim Sheridan is exactly what audiences have come to expect from MTV Films," said MTV Films president Van Toffler. "We're thrilled to be working with our old friends at Interscope and these two amazing artists."