Sheridan to direct action-adventure pic

“In America” director Jim Sheridan has signed on to helm Paramount/MTV action-adventure pic “Locked and Loaded,” featuring rap star 50 Cent.

Project is the first being developed by Interscope Geffen A&M chairman Jimmy Iovine and Eminem’s manager Paul Rosenberg, who signed a three-year first-look feature deal with Par and MTV last month.

Terence Winter, an exec producer and writer on “The Sopranos,” has been tapped to script the tale of an inner city drug dealer who turns away from crime to pursue his passion, rap music. Project’s aimed at evoking a crime-life tone similar to that of “GoodFellas.”

MTV Films prexy Van Toffler, exec VP David Gale and Heather Parry are involved in producing capacities, with Par senior VP Wendy Japhet overseeing for the studio.

“Locked and Loaded,” set to begin lensing early next year, is expected to bring in the talents of rap stars Dr. Dre and Eminem along with 50 Cent’s manager Chris Lighty.

Sheridan recently agreed to helm “Ikiru,” the DreamWorks remake of the 1952 Akira Kurosawa film that is being crafted as a potential starring vehicle for Tom Hanks. DreamWorks’ Walter Parkes and Stone Village’s Scott Steindorff are producing; the updated drama has been scripted by “Freedomland” author Richard Price, and Sheridan will work with the writer to hone his script.

Sheridan wrote, directed and produced “In America” for Fox Searchlight.

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