Tyler Perry Delivers Timeless Advice for Entrepreneurs
Kristen Scholer was with Tyler Perry, Founder of Tyler Perry Studios, at the Goldman Sachs 10,000 Small Business Summit. He dished out tips for achieving success and shared his thoughts on the future of content.
Tyler Perry delivered timeless advice for entrepreneurs. He said he always invested in himself and was the first one to get there, and last one to leave. His studio is located in Atlanta, Georgia. Perry said the tax incentive has brought so much production of film and television. He filmed parts of Black Panther reshoots, as well as parts of The Walking Dead on the grounds of his studio.
Oprah has been one of his biggest sources of inspiration. After producing content for Oprah’s network, Perry signed onto a big deal with Viacom to produce original content for BET and other Viacom networks. While his deal with Viacom is exclusive, Oprah’s network will continue to have hit shows produced by Perry as long as it wants them.
Perry also hits on the future of streaming and how it fits into his own business. He said he wants to run his own streaming service because it is the “wave of the future.” The producer isn’t looking for an exclusive deal with giants such as Netflix or Hulu. Instead, he believes “there should absolutely be ‘Tyler Perry’ streaming.” He said the sweet spot for pricing streaming networks should fall between $5-$10.
Success didn't come easy for Perry. He started out doing live stage shows, and his first show was a major flop. Despite the failure, he said people should keep pushing and go for their dream.
The Rev. Al Sharpton is set to lead a protest march on Wall Street to urge corporate America to resist the Trump administration’s campaign to roll back diversity, equity and inclusion initiatives. The New York civil rights leader will join clergy, labor and community leaders Thursday in a demonstration through Manhattan’s Financial District that’s timed with the anniversary of the Civil Rights-era March on Washington in 1963. Sharpton called DEI the “civil rights fight of our generation." He and other Black leaders have called for boycotting American retailers that scaled backed policies and programs aimed at bolstering diversity and reducing discrimination in their ranks.
President Donald Trump's administration last month awarded a $1.2 billion contract to build and operate what's expected to become the nation’s largest immigration detention complex to a tiny Virginia firm with no experience running correction facilities.
Chipmaker Nvidia is poised to release a quarterly report that could provide a better sense of whether the stock market has been riding an overhyped artificial intelligence bubble or is being propelled by a technological boom that’s still gathering momentum.
Cracker Barrel said late Tuesday it’s returning to its old logo after critics — including President Donald Trump — protested the company’s plan to modernize.
Low-value imports are losing their duty-free status in the U.S. this week as part of President Donald Trump's agenda for making the nation less dependent on foreign goods. A widely used customs exemption for international shipments worth $800 or less is set to end starting on Friday. Trump already ended the “de minimis” rule for inexpensive items sent from China and Hong Kong, but having to pay import taxes on small parcels from everywhere else likely will be a big change for some small businesses and online shoppers. Purchases that previously entered the U.S. without needing to clear customs will be subject to the origin country’s tariff rate, which can range from 10% to 50%.
Southwest Airlines will soon require plus-size travelers to pay for an extra seat in advance if they can't fit within the armrests of one seat. This change is part of several updates the airline is making. The new rule starts on Jan. 27, the same day Southwest begins assigning seats. Currently, plus-size passengers can pay for an extra seat in advance and later get a refund, or request a free extra seat at the airport. Under the new policy, refunds are still possible but not guaranteed. Southwest said in a statement it is updating policies to prepare for assigned seating next year.
Cracker Barrel is sticking with its new logo. For now. But the chain is also apologizing to fans who were angered when the change was announced last week.
Elon Musk on Monday targeted Apple and OpenAI in an antitrust lawsuit alleging that the iPhone maker and the ChatGPT maker are teaming up to thwart competition in artificial intelligence.