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In an effort to centralize his many industry hats, Nick Cannon has announced today (December 15) the formation of NCredible Entertainment to handle his projects in TV, film, music, digital music, publishing and radio.

Cannon adds the NCredible CEO position with his role as Chairman/CEO of TeenNick, the 24-hour Nickelodeon network.

NCredible offices have opened in New York and Los Angeles, with a supporting cast of industry veterans in Ray Brown (Music Division), Tracy Nguyen (PR and Marketing), Dorian Graham (Television Division), and Cannon manager Michael Goldman.

First up for the versatile entertainer will be a currently untitled Hip-Hop puppet project for Adult Swim.

The show, which is said to hold similarities to HBO’s hit series Entourage, will revolve around members of a Hip-Hop group who live as roommates and struggle to become stars in the industry.

In partnership with MTV, Cannon’s NCredible collective has produced a docudrama pilot on Bronx emcee Cory Gunz entitled “Son of a Gun: A True Bronx Tale.”

Gunz is signed to Cannon’s label, and at press time additional episodes are being filmed.

Other music acts in development under the NCredible umbrella include R&B group RydazNRtist, Malibu Hip-Hop/pop star Colette Carr, and Trinidadian artist Aaron Fresh.

Cannon returns to TV on December 25 at the 26th Annual Disney Parks Christmas Parade with co-hosts Kelly Ripa and Ryan Seacrest.

The 2 hour ABC special airs at 10AM EST. On New Years Day, the entertainer will conduct his year end segment, “Nick Cannon Presents Hatin’ on ’09,” exclusively for MTV.

At press time, Nick Cannon’s early 2010 projects will be a 6AM-10AM radio slot for CBS’ 92.3 Now (http:923now.com), and director duties for the Nickelodeon film School Gyrls, airing February 21.