AceShowbiz -

Walking his feet to Hollywood, Mexican filmmaker Alejandro Lozano is on duty to helm a drag-racing movie entitled "Live Bet" which will be developed under Universal Pictures banner.

Set in the world of underground clubs and illegal car racing, the project also gets Lozano assigned to join forces with Tony Dalton in making a rewrite to the script, originally penned by writing duo Charley and Vlas Parlapanides. It is said that the flick will be a starring vehicle for rapper Curtis Jackson, popularly known as 50 Cent.

Production is expected to start by late summer this year in New York plus several other locations that include Las Vegas and Philadelphia. Stuber/Parent's Mary Parent and Scott Stuber are producing alongside G-Unit Films' Chris Lighty while Billy and Fernando Rovzar, who both previously collaborated with Lozano in his "Matando Cabos", will executive produce.