A documentary about Knight's life is among a multitude of projects that Ray J and Wintraub are looking to produce.
The primary focus of Ray J and Weintraub's efforts is the documentary, however, they are also exploring the possibility of shooting a scripted series about Knight and the founding of Death Row Records.
Weintraub tells ET that a number of major film studios, independent financiers and documentarians have reached out to work with him and Ray J on this venture.
On Monday, however, Knight spoke with The Blastfrom prison, and clarified that "Ray J is the little brother and family," but the incarcerated mogul claimed that he's only chosen Ray J to run the operations of the record label.
Meanwhile, Knight said his life rights -- and power of attorney regarding his medical needs -- rests with his fiancee, Toi-Lin Kelly.