A Tupac Shakur biopic is officially in the works. Emmett/Furla/Oasis films and Creek Productions teamed up to finance the long- gestating project.

The development of the project might finally be fast-tracked as Emmett/Furla/Oasis films comes on board to co-produce and co-finance the project with Creek Productions.

The film will be based on a script written by Eddie Gonzalez and Jeremy Haft. The duo are working on a new draft which is expected in a couple of weeks. The project, which tells the story of the iconic rapper, was hot property and several companies were bidding for the rights to partner on the film with Morgan Creek.

The company's president, David Robinson, eventually chose to seal the deal with Emmett/Furla/Oasis. Tupac's mother, Afeni Shakur, will be a producer on the film.

The film is scheduled to go into production in February of 2014, with a $45 million budget.

Morgan Creek has bought the rights to Tupac's musical catalog for use in the film.

Tupac saw immense success as an artist, his double disc album, All Eyez on Me (1996), is still one of the best selling hip-hop albums of all time. It was the last album he released while he was alive. He was also known for his run-ins with the law -- having been arrested on counts of gun violence and sexual assault -- and also did time in prison. In 1996, Tupac met an untimely death at the age of 25, when he was shot multiple times in a drive-by shooting. He was returning from a Mike Tyson-Bruce Seldon boxing match at the MGM Grand in Las Vegas, Nevada.

Watch Tupac being resurrected for fans via a hologram at the Coachella music festival last year:

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