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#296December 23, 202116:50

Billy of the Week: Tyler Perry

About This Episode

The hosts discuss the extraordinary career of Tyler Perry, explaining how his focus on intellectual property ownership and infrastructure led to his billionaire status. They trace his journey from performing plays in a community theater for a decade to owning a massive production studio in Atlanta that rivals major Hollywood lots.

Episode Description

Sam Parr (@theSamParr) sits down with Steph Smith (@StephSmithio), indie creator and host of the "Sh*t You Didn't Learn in School" podcast, to talk about Tyler Perry and how he was able to become a billionaire in the entertainment industry.  _____ * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. * Would you like to participate in our clips contest? Earn up to $10k by remixing My First Million episodes. To learn more, go to mfmpod.com/clips. * Want more insights like MFM? Check out Shaan's newsletter.

Key Takeaways

1

Prioritize 100% ownership of your intellectual property and copyright to capture the full financial upside of long-term licensing and distribution deals.

2

Serving a specific, underserved, and passionate niche audience can be more lucrative than trying to appeal to a broad, lukewarm demographic.

3

Identify regional tax incentives and legislative changes to make strategic real estate or infrastructure investments that provide a moat for your core operations.

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Quick Stats

Duration16:50
Guests0
Ideas Discussed0
Topics0