Showing 17 results for:


by Topic

All results

How BET's Co-Founder Sheila C. Johnson Became America's First Black-Woman Billionaire, Owner Of 3 Professional Sports Teams, And A Real Estate Mogul

Remember when Beyoncé danced to O.T. Genasis’ hit song “Everybody Mad”? She had the entire “Coachella” audience screaming the iconic line, “I been getting to the money.” Although this is on brand for the Houston, TX, native, a long history of successful Black women can say the same thing about success. This is where Sheila C. Johnson enters the chat. Johnson is the first Black woman to become a billionaire, and her journey toward that fortune is just as fascinating as it is history-making. Born in 1949 and originally from McKeesport, PA — Johnson had a father who was a prominent neurosurgeon and a mother who was an accountant, per Black Past. Both career successes would prove to be a marker for Johnson’s accomplishments throughout her life. According to a Forbes profile, her parents enrolled her in an all-white Kentucky elementary school before desegregation. As a student, she pursued a love for music, becoming a concert violinist during high school. Johnson’s love for music would...

Josh Rodgers

Feb 12, 2024

Byron Allen Reportedly Returns With A $3.5B Offer To Purchase BET Media Group From Paramount Global

It appears Paramount Global has had a change of heart regarding the sale of BET.

Ngozi Nwanji

Dec 21, 2023

Billionaire Tyler Perry Feels The Bidding Process For BET Was 'Disrespectful'

Billionaire Tyler Perry has expressed his true sentiments in response to Paramount’s change of heart regarding the sale of BET.

Samantha Dorisca

Oct 19, 2023

Tyler Perry In Talks To Buy Majority Stake in BET Media Group From Paramount Global

Tyler Perry may be taking his mogul status to the next level.

Shanique Yates

Mar 7, 2023

Founder Beverly Bond Lands Deal To Take Her BLACK GIRLS ROCK! Brand To New Heights

There’s no such thing as one lane as Beverly Bond is proof that you can do it all. As a former model and DJ, Beverly Bond has always defied odds and showcased her talents without limitations for the world to see. However, her long list of achievements doesn’t stop there. She also created the award-winning global women’s empowerment brand, BLACK GIRLS ROCK! (BGR) For years, the brand has highlighted Black women doing amazing things — even highlighting some of our favorites during the BLACK GIRLS ROCK! Awards that previously aired on BET. With the pandemic changing the way that we push the culture forward, Bond is also taking on the life of BGR through a new lens in partnership with Culture Genesis, a Los Angeles-based media-tech company. “In this time series where everything is moving to a digital space, we just needed a way to figure out how to reach our audience. We have a lot of followers on social media and the partnership with Culture Genesis will help us to actually activate...

Shanique Yates

Mar 25, 2022

Hallelujer! Billionaire Boss Tyler Perry Lands Extension With Sony Music Publishing

On Aug. 17, Sony Music Publishing announced to extend Tyler Perry’s worldwide agreement with Tyler Perry Studios (TPS). The Oscar and Emmy award-winner owns the largest production studio in the nation and made history as the first African American man to own a major production studio in 2019. Sony Music Publishing’s Visual + Media division (previously known as Broadcast Media Rights) has worked alongside Tyler Perry Studios and music supervisor Joel C High for the last decade. The extension with Sony guarantees authorized music for over 60 productions, comprising 26 films, 20 plays, 1,5000 series episodes, and future projects, Market Insider previously reported. Tyler Perry stated, “I’m very pleased to continue my creative partnership with Jon, Cathy, and the Sony Music Publishing team. I’m grateful for their support and passion for Tyler Perry Studios, and I look forward to future successes together.” Sony Music Publishing Chairman and CEO Jon Platt shared, “Tyler Perry Studios...

Samantha Dorisca

Aug 19, 2021

Twitch Taps Former YouTube Exec Constance Knight As Its First VP Of Creators

Twitch is quickly becoming the future of live entertainment. As its popularity with creators continues to rise, it’s positioned itself to expand its team to support its growth. This week, the Amazon-owned live-streaming platform recruited former YouTube executive Constance Knight to take over the newly created role of VP, global creators at the company, according to Variety. “Creators are the heart and soul of Twitch, and as we continue to see more people finding their community on Twitch, now is the perfect time to add more support for global creators to our internal team,” said Michael Aragon — chief content officer at Twitch — in a statement of Knight’s hire. “Constance is an experienced and passionate leader who brings a wealth of knowledge from across the streaming industry. Her perspective will be invaluable in helping Twitch and its creators grow and thrive.” Knight — who did a nine-year tenure as YouTube’s head of content programs and partnerships for creator communities...

Njera Perkins

Jul 28, 2021

BET Founder Robert Johnson Proposes $30B Tax Incentive For Investors Who Invest In Black-Owned Businesses

BET’s founder is demanding a change when it comes to Black wealth! Robert Johnson, also the founder of The RLJ Companies, has proposed a new program that would change the way Black-owned businesses gain access to capital. The Better Opportunity and Outcomes for Socially Disadvantaged Talent (BOOST) Act is based on the FCC Tax Certificate Policy which was created in the 1970s as an effort to increase minority ownership of media properties, according to PR Newswire. It is a response to the historic problem of attracting capital, specifically “strategic equity” capital, that Black business owners and socially disadvantaged minorities face — something that has long affected them since before the COVID-19 pandemic. “The biggest challenge to racial equality in our nation is the glaring wealth chasm between Black and white American families,” said Johnson in a news release. “To close that gap, there must be a commitment to finding a workable solution to the lack of capital in the Black...

Shanique Yates

Apr 26, 2021

How BET's Successful Virtual Pivot Made History and Changed the Future of Awards Shows

Last year at the height of the COVID-19 pandemic, all in-person events were upended in the entertainment industry, leaving many to wonder how things would carry on while people quarantined at home. With the introduction of remote events such as VERZUZ and other digitized programming, many industry-style happenings began to pivot to virtual formats to continue creating quality immersive experiences. A key player in making this happen was none other than BET and its 2020 awards shows. With a virtuous spirit and forward-thinking mentality, the network single-handedly made history and created the new gold standard for awards shows. It all started with the network’s broadcast special, “Saving Our Selves: A BET COVID-19 Relief Effort,” a program designed to help support communities of color hit hardest by COVID-19’s harmful impact. Join us in a celebration of hope – A BET COVID-19 Relief Effort, hosted by Anthony Anderson, Regina Hall, Terrance J and Kelly Rowland. #BETCovidRelief...

Njera Perkins

Feb 1, 2021

BET Founder Bob Johnson, AMC Networks to Rebrand Black-Focused Streaming Service UMC As 'ALLBLK'

The year of 2020 is when streaming services took over and it looks like their epic reign will continue throughout 2021. UMC — the Black-focused streaming service created by BET founder Robert L. Johnson — announced plans to launch a rebrand under the name “ALLBLK” in January 2021 to ramp up on Black TV and film content. This first quarter launch will find the streaming service debuting a premium look and feel for ALLBLK as it’s scheduled to produce a robust slate of original series next year – including the previously announced multi-cam comedy, “Millennials”; MC Lyte sitcom, “Partners In Rhyme”; legal drama,”Lace”; haircare makeover series, “My Mane Problem”; and the Datari Turner/eOne reality series, “Notorious Queens.” UMC was initially created as a first-to-market subscription streaming service focused primarily on targeting Black audiences, with dedicated content for and by Black people. “UMC began as a distribution model for Black creatives to directly reach the then largely...

Njera Perkins

Dec 11, 2020

Former BET CEO, Debra Lee Joins Procter & Gamble Board of Directors

More Black women are climbing the ranks of leadership in the business world. This past Wednesday, Debra L. Lee — former chairman and CEO of cable network channel BET — joined the board of directors at the Procter & Gamble (P&G) — a multinational consumer goods company, Black Enterprise reports . “We are delighted to welcome Debra to the board,” said P&G Chairman, President and CEO David Taylor in a news release . “She has distinguished herself as a leader in the media industry for more than 30 years and brings broad, deep knowledge ranging from media strategy and programming to corporate risk oversight.” He added: “Her experience, expertise and guidance will further strengthen our efforts to better serve consumers and a broad range of stakeholders. We look forward to her contributions.” Lee is a seasoned executive in the media business having served in numerous C-suite roles at BET Networks — a media and entertainment subsidiary of ViacomCBS –throughout her 30-year tenure. She...

Njera Perkins

Aug 14, 2020

Meet Sheila C. Johnson, the First Black Woman to Reach a Billion-Dollar Net Worth

We hear stories about Black women millionaires and business leaders but rarely do we get a chance to know the origin stories of Black women billionaires like Sheila C. Johnson — co-founder of BET and CEO of Salamander Hotels and Resorts — who was able to build up her fortune as a trailblazer in business. Born in Pennsylvania to George P. Crump — a neurosurgeon — and Marie Iris Crump — an accountant — and raised in Maywood, Illinois, Johnson grew up to graduate from Proviso East High School in Chicago. She later attended the University of Illinois obtaining a B.A. degree in music. As an accomplished violinist, co-founder of a popular cable network, co-owner of professional sports franchises, CEO of a chain of hotels and resorts, Johnson has amassed quite an accomplished resume all while triumphing some remarkable feats in the industry. Her billionaire mindset didn’t come until later in her career, but Johnson credits her skills as a violinist with shaping her path in business....

Njera Perkins

Aug 11, 2020

Showtime, BET Join Forces to Cater More Content to Black Audiences

Showtime and BET are joining forces to bring viewers their favorite programming to one place. As a result of ViacomCBS CEO Bob Bakish’s outlined plan announced back in February, the two networks are merging to launch a co-branded channel to pool their content, Deadline reports . The new multiplex channel — SHOXBET — will feature a mix of series, films and documentaries as a means to appeal to larger Black audiences. The two networks joined the ViacomCBS merger last December, and are now coming together to achieve a common mission for Black viewers. “This channel is really a reflection of taking those complementary elements to the next logical conclusion,” said BET Networks president Scott Mills to Variety . “And that is, both platforms really understand premium programming to African American viewers and people who value content that is anchored in African American narratives and African American stories.” As leading consumers of both networks — with a higher adoption rate than the...

Njera Perkins

Jul 17, 2020