According to a private document, the Chicago producer and designer is reportedly worth a whopping $6.6. billion due in great part to his YEEZY brand.
One of the culture's biggest entrepreneurs is giving back to the people. Daymond John is looking to make history with a new initiative.
Sean “Diddy” Combs has amassed one of the music industry’s richest portfolios with all of his many investments outside of Bad Boy. Much of Combs’ recent success can be attributed to the president of Combs Enterprises, Dia Simms, who revealed a bit about herself in a recent profile.
Ice Cube has long established himself in other areas outside the medium of music and acting, and now he’s hoping to get into the sports television business too. The rapper and actor is part of an investment group that is hoping to purchase 22 regional sports stations.
In 2017, the music industry had its best year since 2006 and amassed a $43 million profit bolstered by the rising streaming services and other factors. However, artists just earned 12 percent of the industry’s overall revenue of $5.1 billion.
Steve Rifkind, the mastermind behind popular 1990’s imprint Loud Records, helped usher in a bevy of legendary Hip-Hop releases that still captivate fans to this day. Rifkind has revived Loud along with RED Music, and has plans to bring attention to some of the biggest releases to emerge from the label.
Jay-Z‘s “Story of O.J.” featured an animated figure that appeared to be snatched directly from the minstrel show era with an uncanny resemblance to the Brooklyn rapper. Jaybo, whose image has been used in memes popularized via social media, will now appear on merchandise coming soon after Hov trademarked the character officially.
Essence Communications Inc., the media company founded 50 years ago by Edward Lewis, Clarence O. Smith, Cecil Hollingsworth and Jonathan Blount, made waves within the magazine industry with its trailblazing ESSENCE magazine property in 1970. After ECI was acquired by Time Inc., a new group has reacquired the company and brand, making it fully Black-owned […]
Although there has been recent news about TIDAL‘s troubles, it appears the streaming service is still making a push to stand firm in the crowded marketplace. The company is offering a free 12-day trial to new members without requiring a credit card.
John Schnatter, the founder and CEO of pizza chain Papa John’s, is stepping down as CEO after making remarks that the peaceful protests of the National Anthem in the NFL hurt sales. Schnatter will remain chairman of the company as leadership is shifted to an executive within the organization.
Jay-Z‘s TIDAL seemed to be one of the front-runners in the high-stakes streaming service wars, especially given its artist-friendly model of royalties that was touted in earlier times. According to a report from a Norweigan newspaper, the subscription service is reportedly losing tens of millions of dollars per year and could be completely out of […]
Billionaire TD Ameritrade founder Joe Ricketts and CEO of local news sites DNAInfo and Gothamist elected to shut down operations at both sites.