Tyler Perry’s Buys Fort McPherson, Plans To Build Movie Studio
Tyler Perry has closed on a $30 million deal that will lead to him controlling 330 of the 448 acres at Fort McPherson in Atlanta. Plans may include a movie studio, an amphitheater and a museum.
Estimates come from Perry's organization and assume 10 to 20 film and television productions will be shooting at the studio at once and will generate about 3,900 to 8,300 jobs. Perry himself hasn’t said much about the project but has mentioned the studio will feature tours.
Will Packer Renews Deal With Universal Television
With seven of his films having opened number one, collectively grossing more than $900 million, Will Packer has proven to be a power to be reckoned with in
Hollywood. Riding high on the success of Straight Outta Compton, which he exec produced, Packer recently renewed his deal with Universal TV for two more years through 2017. Among the projects he is set to release are two new series, “Truth Be Told” which premieres next month on NBC starring Mark-Paul Gosselaar, Vanessa Lachey, Tone Bell and Bresha Webb and “Uncle Buck” starring Mike Epps (midseason on ABC). Also in the works is a remake of the groundbreaking mini-series “Roots” and “Buckhead”, a drama about ambition, sex and revenge set in the extravagant, high-stakes world of Atlanta politics, entertainment, churches and strip clubs.
Study Finds Racial Disparity Exists Between What Black And White Borrowers Pay For Home Mortgages
Racial disparity in mortgage rates is widespread between black and white borrowers, according to a newly published study which found more financially vulnerable black women suffer the most.
The study, led by Ping Cheng, Ph.D., professor of finance in Florida Atlantic University's College of Business, used data from three waves of U.S. Survey of Consumer Finance and found that black borrowers on average pay about 29 basis points more than comparable white borrowers, or .29 percent more. Their article was published in the July 2015 issue of The Journal of Real Estate Finance and Economics.
Cheng and his fellow researchers, Zhenghou Lin, Ph.D., and Yingchun Liu, Ph.D., of California State University, Fullerton, found that the rate disparity mainly occurs to young black borrowers with low education, as well as those borrowers whose income and credit disqualify them for prime lending rates. Additionally, among borrowers in the higher rate groups, black women seem to receive much more disparate treatment than black men.