By nearly quadrupling its budget in two weeks, “Straight Outta Compton” has demonstrated to studio execs that rap biopics can be extremely profitable, thus opening the door for movies about groups like the Wu-Tang Clan, Public Enemy, Run-DMC, & The Beastie Boys. Raekwon, for one, wants to make a Wu-Tang movie happen.

“When we make a Wu movie, bet your ass its gonna be serious,” he said at his shoe release in Manhattan this week. “Because we gotta tell the truth. And I think that’s what I love about the ‘Straight Outta Compton’ movie is that they told the truth. When we do get to that level and it happens, it has to be the real story. It’s gonna be an interesting one, cause I said – RZA hit the lotto one day. He knew who he had, but he didn’t know what he had. So let’s keep it right there.”

Raekwon has a documentary coming out soon called “The Purple Files” commemorating the 20th anniversary of Only Built 4 Cuban Linx. While there are no official plans for a Wu-Tang picture yet, “Straight Outta Compton” had the full support of Dr. Dre & Ice Cube, and if Raekwon can round up a few Wu-Tang Clan members to help him pitch the movie to studios, it could become a real possibility.

Skip to the 9:12 mark below.