Areu Bros, a multi-faceted film, TV and tech entity formed in 2018 after the purchase of the former Tyler Perry Studios campus in Atlanta, has launched a Qualitifed Opportunity Zones initiative
Opportunity Zones, a federal effort begun by President Obama and continued under President Trump, are billed as creating a new marketplace worth as much as $6 trillion via the 2017 Tax Cuts and Jobs Act. That legislation offers long-term equity investors sizable tax incentives for reinvesting capital gains in businesses and real estate located in low-income communities. The theory behind the act is that such reinvestment creates a more solid economic foundation for these communities.
The entertainment vertical will consist mostly of motion pictures, television, short-form content, music, as well as ancillary efforts in gaming, stage plays, publishing and merchandise. Ventures will focus on tech companies. The Real Estate vertical will invest in properties that allow the company to support creative communities by providing shared physical infrastructure for creators and collaborators.
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https://ew.comEntertainment Weekly has all the latest news about TV shows, movies, and music, as well as exclusive behind the scenes content from the entertainment industry.
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https://ew.comEntertainment Weekly has all the latest news about TV shows, movies, and music, as well as exclusive behind the scenes content from the entertainment industry.
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