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Giannis Antetokounmpo is expanding his portfolio with a new investment tied to sports. Sportico reports the Milwaukee Bucks superstar is an investor in ScorePlay, an artificial intelligence -powered sports media management platform launched by Victorien Tixier (CEO) and Xavier Green (CTO) in 2021. Its solutions streamline sports organizations’ essential digital workflows by automating the management of photos and short video clips, its website mentions. Features among all its tiers include: Automated ingestion of photos and short videos Unlimitied AI tagging Usage analytics “The idea is to maximize the distribution, both on your own social channel, but also distributing the content to your athletes, who are your best storytellers,” Tixier told CNBC. ScorePlay had already attracted the attention of Kevin Durant and Rich Kleiman’s 35V family office, as well as Eli Manning, notes the outlet. Most recently, it has closed a $13 million Series A round led by Harry Stebbings’ 20VC, which...
Wall Street day traders found themselves shocked and confused last week when Reddit’s stock price climbed to heights of 58 percent, surpassing the expectations of even the most liberal investors on r/WallStreetBets. The social media site , which is primarily used for sharing opinions, discussing niche topics and delivering daily news to millions of user-generated in-groups, reported $348.4 million in Q3 revenue according to data on Yahoo Finance . While these sky-high figures would be a bit surprising to most financial analysts, they were especially shocking to Wall Street insiders , who were reportedly planning to short the RDDT stock based on their expectation that the site would lose money during the most recent earnings report . In order to understand why and how the Reddit stock was able to surpass expectations, we’ll have to take a brief look at what’s changed in the site’s business model in recent months, watch similar stocks such as META and NVDA, and study the industry...
Each year, between the end of spring and the beginning of summer, several professional sports leagues host drafts, giving space to the next batch of athletic superstars who will impact their respective games for years to come. With so much excitement about a new generation of professional athletes, the focus sometimes shifts from player stats and team projections to contracts and partnership deals. But the excitement of new money is largely made possible by the athletes who have some tenure in the game. From rookie expansion contracts to lucrative business deals, athletes are continuing to level up, paving the way for what’s possible in the future. Against this backdrop, Forbes has released its highest-paid athletes list of 2024, and of the 10 players, 50% of those spots are held by Black athletes. Lebron James View this post on Instagram A post shared by 👑 (@kingjames) Lebron James is No. 4 on the list but ranks No. 1 among Black professional athletes. The 39-year-old is currently...
The Antetokounmpo family doesn’t play when it comes to their own. Nike has been a long supporter of Giannis Antetokounmpo and his family since the very beginning of his career in 2013, and it’s also what encouraged the NBA superstar to pass on another endorsement deal with one of the athletic apparel company’s competitors. According to Bleacher Report, during an appearance on the “Thanalysis Show,” Antetokounmpo recalled the moment he decided to walk away from a deal at Adidas because he was in a position where he needed to help support his family. After an initial offer featuring a deal for both Giannis and his brother Thanasis Antetokounmpo, Adidas backtracked on the plan, prompting Giannis to turn down the proposal. “[An Adidas representative] brought the contract and put it in front of me, and I’m like, ‘Okay great, where is my brother’s?’” Antetokounmpo explained, per Bleacher Report. “And he was like, ‘We’re not going to sign your brother’s today. You’re going to sign yours,...
When debating legendary movie dance scenes, the comedy/romance “House Party,” directed and written by Reginald Hudlin, is most likely a part of the discussion. The dance scene from the ’90s classic features the Hip-Hop group Kid’ n Play, comprised of Christopher Reid and Christopher Martin , actress Tisha Campbell, and actress and choreographer A.J. Johnson. This scene focuses on an iconic dance-off that fans replicate to this day. While “House Party” has created a long-lasting impact for over three decades, it’s been revealed that the pay at the time for the cast’s contribution may not have been what one would expect. In an interview with sports journalist Jemele Hill on her YouTube channel “Jemelle Hill Is Unbothered,” Johnson, who choreographed for the “House Party” dance scene, claimed that she was paid $4,000 for her role as Sharane after filming for up to two months. “We all made four grand,” Johnson told Hill. Johnson also shared how she and Play, Christopher Martin, made...
Creative money moves are coming from MVP Joel Embiid as he announces the launch of Miniature Géant, a media company in partnership with SpringHill Company. The new partnership with SpringHill Company — co-founded by LeBron James and Maverick Carter — marks the expansion of the creative firm’s footprint.
Naomi Osaka has made herself known as not only a professional athlete but a boss with numerous business ventures. Within her creative bubble, the mom-to-be has tapped into media. As previously reported by AfroTech, Osaka launched her media company Hana Kuma in partnership with LeBron James and Maverick Carter’s SpringHill Company in June 2022.
Tiger Woods is merging technology and sports with a new venture. AP News reports that the sports legend has joined fellow professional golfer Rory McIlroy for TMRW Sports, which aims “ to build technology-focused projects with a progressive approach to sports, entertainment and media.” Within the media venture, it will feature “TGL” — a tech-infused golf league. “As a big sports fan myself, I’m excited about blending golf with technology and team elements common in other sports,” Tiger Woods said in a statement, according to the outlet. “We all know what it’s like to be in a football stadium or a basketball arena where you can watch every play, every minute of action unfold right in front of you. It’s something that inherently isn’t possible in traditional golf.” The outlet details that the league will include 18 players, who will compete in a series of 18-hole matches. For two hours, fans can expect to watch three-man team competitions in a stadium. “Our custom-built arena,...
Despite his recent hiatus from the public eye, Will Smith is still doing work in the background that continues to cement him as one of the best actors ever to do it. According to Variety, the 53-year-old actor is preparing to cash in on his latest project, “Emancipation.” The AppleTV+ movie is an escaped-slave thriller that Smith agreed to after years of avoiding making films centered around the subject. “This was one that was about love and the power of Black love,” Smith explained in a previous interview. “And that was something I could rock with. We were going to make a story about how Black love makes us invincible.”
Over the past three days, reports have continued to fly about the 94th Academy Awards. On March 28, Shadow and Act reported about Will Smith and Chris Rock getting into a physical altercation following the presenter making a joke about Jada Pinkett Smith’s hair. While the Oscar winner has since apologized for what went down, the aftermath has yet to let up on how it sent the news and social media into a frenzy. Cryptocurrency has been a growing trend over the past year, so its community joining the recent viral Academy Awards moment was quite expected. According to Fortune, a digital coin of Smith slapping Rock was minted less than 24 hours of it airing live on the Oscars stage. At the time of March 29, the Will Smith Inu coin’s value hit a record high of 469% over the span of 24 hours. “The Will Smith Inu coin has seen its value soar 469% in the past 24 hours. And that’s 35% lower than the highs it hit at 7:00 a.m. ET on Tuesday,” the outlet then reported. And of course, there are...
Will Smith and his wife, Jada Pinkett Smith, have announced the sale of a minority stake in their production company. Variety reports that the Smiths have closed a deal that sells the minority stake of Westbrook, Inc., a production company, to the as-yet-unnamed media venture that is run by Tom Staggs and Kevin Mayer, the former executives from Disney. Staggs and Mayer previously made headlines when they purchased Reese Witherspoon’s Hello Sunshine production company for a gobsmacking $900 million. The former Disney executives were represented by mega-financiers The Blackstone Group in the deal. Will Smith and Jada Pinkett Smith were previously in talks to sell the production company outright until that deal fell through. The minority stake in Westbrook, Inc., was purchased by the pair for $60 million, for a 10 percent ownership stake. And, Variety reports the deal values Westbrook, Inc. “at just under $600 million.” As AfroTech previously reported, Will Smith and Jada Pinkett Smith...
Chaka, a Nigerian investment platform, is making a dual announcement today. According to TechCrunch, the first announcement involves the company receiving the first-ever SEC license in the country. The outlet confirms that Chaka had to go through great measures to obtain Nigeria’s first SEC license, and one of the main things they had to do was ensure that they didn’t provide online brokerage services. Instead, the company confirms, they direct their users to Citi Investment Capital in Nigeria and DriveWealth LLC — both based in the United States, and both of whom have a partnership with the Nigeria-based company — to issue stocks and securities. “When we launched, we kept SEC in the loop. But now, over the last six months, we’ve engaged with them, showed them our business models, the benefits, the markets. Now we’re proud to have SEC’s first fintech license. We believe that the most important thing is that the market has clarity and understands the regulations required to be...
A Nigerian medical student has made history at Siberian State Medical University. GhanaWeb tells the story of Justin Chukwudi Olewuezi, originally from Enugu, who is the first Nigerian student in the Siberian State Medical University’s history to get a medical doctor’s degree. Olewuezi’s story started at the Air Force Comprehensive School, where he graduated with high marks but couldn’t get into a Nigerian university. “I had always wanted to study abroad and obviously make something of myself back in Air Force comprehensive school, Enugu. So after failing to gain admission twice even with JAMB scores 247 and 260 respectively, I decided to study abroad. So after talking with a Russian-trained medical doctor, (Dr. Okere, then a medical student), I decided to go for it,” the Nigerian medical student said to the outlet. The Siberian State Medical University is a medical school in the town of Tomsk, Russia. It was founded in 1878 under the decree of Emperor Alexander II, and is the only...