Eddie Murphy is set to play the late comedian legend Richard Pryor in a new movie written by Oscar winner Bill Condon.

The only downside is the movie budget is only $25 million, so Eddie had to waive his usual fees to be part of the project. This means Eddie will really have to use his enormous talent to channel Pryor the way Jamie Foxx channeled Ray Charles.

This is Eddie’s chance to win an Oscar. Good luck.

Tracey Edmonds has forgotten all about Eddie Murphy’s money, and moved on to less financially endowed chef Rocco DiSpirito. The new couple were seen leaving the Bowery Hotel in New York City on Monday night. Tracey’s motto is, whatever it takes to pay the bills.

After her fake wedding to Eddie Murphy did not materialize into a legal wedding, and more of Eddie’s money, Tracey Edmonds is rumored to have moved on to dating 50 Cent. The girl is on the prowl. With her youth fading fast, she’s got to find herself a man with some big bucks soon, and 50 Cent fits the bill.

Eddie Murphy (46) and Tracey Edmonds (40) are splitting up, just two weeks after their New Year’s Day faux marriage on a private island near Bora Bora.

The ceremony was not legally-binding. The only people who are allowed to be married there are natives, or visitors who have been on the island for at least 30 days, but the pair had said they would make things legit stateside.

Eddie’s rep said:

"After much consideration and discussion, we have jointly decided that we will forego having a legal ceremony as it is not necessary to define our relationship further. While the recent symbolic union in Bora Bora was representative of our deep love, friendship and respect that we have for one another on a spiritual level, we have decided to remain friends.”

This will only help Edmonds find more work due to the publicity.

Eddie Murphy has been passed up for awards in the past, but this time he’s been nominated for an Oscar for his cross dressing role in Norbit. The fat lady can sing too.