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Peter Stathopoulos Discusses the New Georgia Music Investment Act in Oz Magazine

Peter Stathopoulos Discusses the New Georgia Music Investment Act in Oz Magazine

by Emily Victor

By November 30, 2017September 18th, 2021News

In a recent article published in Oz Magazine, a publication that focuses on Georgia’s entertainment and media industries, Peter Stathopoulos, head of Bennett Thrasher’s Entertainment Practice, discusses the new Georgia Entertainment Industry Investment Act. The act, which becomes effective Jan. 1, 2018, is meant to revamp Georgia’s music scene and have similar success to the state’s film tax credit. Stathopoulos writes that Atlanta was the base for hip-hop/rap in the 2000s, but recently it has lost its standing, “Georgia has been losing its music industry artists, producers, managers, and other industry professionals to Nashville, New York and Los Angeles.” While the music act is meant to imitate the success of the film tax credit, he says that one of the major differences between the two is that the music act sets a cap at $5 million for 2018. In addition to the music act, Stathopoulos is hopeful that Georgia’s culturally rich cities, international airport and other amenities will attract people in the music industry and help make Georgia a destination for music again.

Read the full article here.

Learn More

For more information on the Georgia Music Investment Act or other entertainment incentives, please contact Peter Stathopoulos by calling 770.396.2200.