Tyler Perry recently inked a content deal with Viacom, but he has other ideas for his future.
“If you would have asked me this four years ago, I would’ve told you that I wanted to own a cable channel,” he told Cheddar in an interview. “Now I’d have my own streaming service.”
“That is the wave of the future, no matter whether we ignore it or not. That’s the way everything is going.”
The comments from the award-winning actor, writer, and director come at a time when the streaming landscape has become increasingly competitive. Disney said its sports-focused service will launch later this year at a rate of $4.99 a month. Hulu, meantime, recently discounted the cost of its lowest-tier package while industry-leader Netflix has raised its subscription rates several times.
Perry says the sweet spot for streaming is about $5 a month, but he concedes that Netflix has earned the privilege to charge more.
“Five years ago, eight years ago, people were like, ‘Netflix, what?’ Now you realize [it’s] a major player,” Perry said. “I think that you should be able to pay more for a service that can offer that kind of content, those kinds of shows across the board.”
For full interview [click here](https://cheddar.com/videos/tyler-perry-delivers-timeless-advice-for-entrepreneurs).
Plenty of retailers and suppliers are reducing the variety of their offerings to focus instead on what they think will sell best. Many businesses have decided less is better, justifying their limited selection by asserting shoppers don’t want so much choice.
Joe Pompliano, author of the Huddle Up newsletter, breaks down the biggest moments from Super Bowl LVIII, from potentially record-breaking viewership to Taylor Swift’s highly anticipated appearance.
David Wright, President and owner of Wright Financial Group, shares his thoughts on why the Federal Reserve seems hesitant to cut rates, and why regional bank stocks could help move the needle.
Disney and Fortnite-maker Epic Games will collab on making new video games with Disney characters. Hopefully it will be more than Mickey Mouse hitting the Griddy.
Hershey is cautioning on its 2024 profit growth as the company contends with rising cocoa costs, leading to increased prices for chocolate. The company anticipates its full-year earnings per share being relatively flat, partly due to higher cocoa and sugar costs.
Prince Harry has reached an out-of-court settlement with a tabloid newspaper publisher that invaded his privacy with phone hacking and other illegal snooping. Attorney David Sherborne said that Mirror Group Newspapers had agreed to pay Harry’ “substantial” costs and damages.
An attorney representing passengers of an Alaska Airlines flight that lost a door plug in midair says a “whistling sound” was heard on a previous flight of the same Boeing 737 Max 9.
