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).
Google settled an antitrust lawsuit, Tesla is reportedly raising pay, a group is suing Utah over its social media policies for kids and the founder of Nikola was sentenced to prison.
The White House is lending its support to an auto industry effort to standardize Tesla’s electric vehicle charging plugs for all EVs in the United States.
Some of America’s biggest retailers are working to increase their shipping speeds to please shoppers expecting faster and faster deliveries.
A group representing several big tech companies is suing Utah over state laws about children's social media use.
Google has agreed to pay $700 million to settle an anti-trust settlement.
Stocks were up after the closing bell as Wall Street continued to pin their hopes on rate cuts after last week's comments from the Fed.
Cheddar News' Need2Know is brought to you by Securitize, which helps unlock broader access to alternative investments in private businesses, funds, and other alternative assets. The private credit boom is here and the Hamilton Lane Senior Credit Opportunities Fund has tripled in assets under management in just six months from November 2022 through April this year. Visit Securitize.io to learn more.
Google has agreed to pay $700 million and make several other concessions to settle allegations that it had been stifling competition against its Android app store — the same issue that went to trial in another case that could result in even bigger changes.
Nicki Minaj just reached a milestone that no other woman in rap has reached.
Apple announced that starting this week, it will stop selling some versions of the Apple watch in the U.S.
