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Dave’s Hot Chicken is considering a sale that would bring the company’s valuation to nearly $1 billion. The popular fast-food chain, founded by Dave Kopushyan, Arman Oganesyan, Tommy Rubenyan, and Gary Rubenyan, has locations in states such as Arizona, Massachusetts, California, Missouri, and Texas. In total, the chain has over 250 locations worldwide, per Reuters. It all started in 2017 with a $900 investment that led to the restaurant’s grand opening as a pop-up in an East Hollywood, CA, parking lot, its website mentions. Its menu features chicken tenders and sliders with spice levels ranging from Lite Mild to Reaper. Sides include fries, mac and cheese, and kale slaw. View this post on Instagram A post shared by DavesHotChicken (@daveshotchicken) The company’s business model appears to be a success with each franchise earning on average $2.19 million in revenue (AUV) per year, according to Sharp Sheets. In total, its locations generate an estimated $1 billion in total annual...
Unless you were born yesterday, you surely have at least some awareness of iconic 20th century musician Elvis Presley. Even if the King of Rock and Roll has no place on your Spotify Wrapped , you’ve surely heard your fair share of hit songs, catchphrases and impersonations over the years. The singer, often known by his first name alone, was responsible for revolutionizing the landscape of music throughout the 1950s and beyond, enthralling millions of listeners around the globe with his hypnotic blend of provocative dance moves and infectious vocal inflections. Today, his musical stylings are obviously quite dated, though it can’t be overstated just how much Elvis Presley propelled the culture of rock and roll into the mainstream. Though the singer has been deceased for nearly half a century, his legacy still lives on to this day, largely in the form of music biopics like 2022’s Elvis and the recently released Netflix documentary Return of the King: The Fall and Rise of Elvis...
It is no secret that professional sports players are some of the world’s highest-income earners. From basketball to soccer to American football, these athletes earn a top dollar through highly negotiated contracts to play the game they love. But who are the people who ensure these massive deals are secured? Agents have been on the front lines of deals and negotiations to ensure their clients receive the “big bucks” and contracts that reflect their skillset and worth. One of the more prominent firms involved in some of sports’ largest deals is Klutch Sports, led by founder Rich Paul. View this post on Instagram A post shared by Rich Paul (@richpaul) According to an AFROTECH™ profile, Paul built his career without attending college. After high school, he started reselling vintage jerseys, which led to a chance meeting with LeBron James in 2002. At the time, James, a 17-year-old basketball phenom, admired Paul’s powder blue Warren Moon Houston Oilers throwback jersey in an airport,...
When the trailer for Jordan Peele’s directorial debut, “Get Out,” was released, it became one of the most highly anticipated films of 2017. Starring Daniel Kaluuya, the psychological thriller became a box-office hit and grossed over $256 million worldwide, according to IMDb. What’s more, the film won an Academy Award in 2018 for “Best Original Screenplay,” making Peele the first Black writer to win in the category, and was the catalyst for Kaluuya’s career in Hollywood. Another “Get Out” breakout star was Lil Rel Howery, who played TSA agent Rod Williams. In an interview on Shannon Sharpe’s “Club Shay Shay” podcast, the comedian and actor revealed what he earned from the film. “‘Get Out’ was on a Tubi budget,” Howery said jokingly to Sharpe. “I did that for the minimum [per the Screen Actors Guild and the American Federation of Television and Radio Artists].” According to “Club Shay Shay,” Howery earned less than $3,000 per week during filming. Nonetheless, it was Howery’s first...
Recent reports have shown companies pulling back from implementing diversity, equity, and inclusion (DE&I). A leader in global communications has spoken out against the matter. At the 2024 Women of Color Connecting Summit, hosted by the Institute for Entrepreneurial Leadership, Edelman CEO Richard Edelman led the session titled “Data Matters.” During his presentation, he shared findings from “Edelman’s Trust Barometer Special Report: Business and Racial Justice,” according to the virtual summit’s website. While relaying the findings was to inform allies, investors, and policymakers, Edelman took a moment to address the misconceptions about DE&I. “This is one of the big problems in America. We lack reliable information,” Edelman said, per a news release. He continued, “I have heard so much about ‘let’s drop DE&I as a phrase; let’s just focus on sustainability.’ Nonsense. We have to defend DE&I as an important part of the equation of ESG [environmental, social, and governance]. ESG...
Robinhood is embarking on a journey into sports and entertainment and tagging this businessman for assistance. According to CNBC, the financial services company will join forces with Rich Paul’s Klutch Sports Group as it looks to expand its reach. “We’re massive sports fans at Robinhood and we know our customers are as well,” said Robinhood CEO Vlad Tenev to CNBC. “Working with Rich and the team at Klutch Sports, it’s really a way to get the Robinhood brand out there to a wider audience and partner with athletes and organizations that are aligned with our customer needs.” Launched in 2012, Klutch is home to many athletes, including LeBron James. Since its inception, the company has expanded its reach across teams, leagues, properties, and more. As previously reported by AFROTECH™, despite people saying that Klutch was a company that “wasn’t gonna last,” Paul confirmed that the business has negotiated more than $2 billion in deals. “I look forward to helping guide Robinhood as they...
In any sports competition, coaches go into each game with a specific strategy. From determining who will be a part of the starting lineup to tricking plays to throw the opponent off, every game is built with tools to ensure the team’s success. But what happens when the tried-and-true approach to the game no longer works? For the more traditional and antiquated coaches, they will more than likely stick to the routine, hoping everything will work itself out. However, for those who desire to see change on the fields or courts, the coach will implement a new strategy and approach aimed at getting the results they’ve planned for. The same can be paralleled in the world of tech. Although the industry is experiencing challenging times due to the current job climate, the field still suffers from diversity. According to a 2023 McKinsey Institute for Black Economic Mobility report, Black people represent 12% of the United States workforce, while only 8% hold tech jobs. The people at...
Rich Paul is bringing his business expertise to one of the leading global entertainment companies. The Klutch Sports Group founder and CEO has been appointed to Live Nation Entertainment’s Board of Directors, according to a press release, joining other familiar faces like Maverick Carter and Jimmy Iovine.
Drake may be the “Certified Lover Boy,” but his success in that area didn’t always translate as it relates to his sports. Popular sports gaming site, FanDuel, even went so far as to document Drake’s luck with supporting his teams in 2019. However, they haven’t been the only ones. With so much bad luck, fans and sports analysts alike have deemed his bad streak the “Drake curse.” Now, it’s safe to say that curse may be a thing of the past — especially with Drake supporting the Golden State Warriors during their Western Conference finals run.
Some alleged unpaid royalties are catching up with this entertainer, according to a new lawsuit. Rapper B.o.B. — born Bobby Ray Simmons, Jr. — now owes $3 million to his former managers, TMZ reports. According to Round Hill Music and Artists Rights Management, the Georgia native allegedly violated a deal that he had with the companies after refusing to hand over royalties for public performances from some of his tracks dating back to 2017. “I have not seen the lawsuit but am aware my former manager had entered into agreements without my knowledge,” said B.o.B in a statement to the outlet. “I take my business seriously and look forward to getting to the truth of what happened.” He first began to gain notoriety with his 2007 mixtape, “The Future,” and since then the “Nothin’ on You” lyricist has achieved great success as an artist both while he was with a major label and during his decision to go independent.
Drake has a vested interest in the Super Bowl — to the tune of more than $1.25 million of his own money. According to Yahoo, Mr. Champagne Papi himself took to his Instagram to announce that he’d placed his Super Bowl bets in Bitcoin, and placed his wagers behind the Los Angeles Rams — whose star player, Odell Beckham Jr. is proving to be a standout ahead of the big game. “All bets are in on the family,” he wrote on Instagram, and you can check out the post below. View this post on Instagram A post shared by champagnepapi (@champagnepapi) It’s important to note that Yahoo reported what Drake will win in USD below: $472,364 on Rams to win the Super Bowl outright (with a payout of $713,244) $393,636 on Beckham over 62.5 receiving yards (with a payout of $712,457) $393,636 on Beckham to score a touchdown in the game (with a payout of $846,288) However, based on his Instagram post, he placed the bets and will receive his payout (assuming he wins), in CAD and Bitcoin. Though the...
D-Nice was responsible for getting most of us through the craziness of the pandemic thanks to his “Club Quarantine” live mixes. Now, the DJ and rapper is looking to get us out of the house and tucked into a nice glass of wine. The Drinks Business is reporting that D-Nice — real name: Derrick Jones — is putting his money where his mouth is with his investment into French wine label Maison Marcel, whose previous investors include LiveNation and multimedia artist James Goldcrown. View this post on Instagram A post shared by Maison Marcel (@drinkmarcel) “We are honored to have an icon like D-Nice as an investor. His passion for celebration and togetherness speaks directly to the ethos of our brand,” said Albert Dahan, CEO of Maison Marcel, in a statement to the outlet. “Not only does he have refined taste, but his finger is on the pulse of culture in a unique and broad way. His organic affinity for our wines was a clear sign we were doing something right. A deeper partnership was the...
For some creatives, accidentally stumbling across our talents often makes for the best success stories. But for director and cinematographer Jarred McGriff, he always knew he had a knack for visual storytelling, he just didn’t know where his gift would lead him. As someone who had only discovered video production in high school, there was no way to predict McGriff’s talents would allow him to get tapped to work on major brand campaigns for TikTok, Crown Royal, Live Nation, McDonald’s and more. However, his upbringing — which surrounded him with creativity and technology — made for the perfect foundation for what would later become his life-long passion. According to him, it was his high school video class that ultimately helped him determine video production was something he was “going to do for the rest of [his] life.” From there on, McGriff has elevated into roles as BET’s senior video editor where he puts his storytelling abilities to work on viral series like BET’s Rate the Bars...
Live Nation wants the artists to have a choice. In a statement released by the company’s CEO — and obtained by Revolt TV — it was revealed that the concert promoter is leaving the onus on the artists, themselves, to issue a vaccine mandate at their concerts. “It has been great to see events make such a strong return across the U.S., with demand for concerts and festivals continuing to outpace expectations,” wrote CEO Michael Rapino, in the announcement. “We are working to ensure we are reopening in the best way possible for staff, artists, crew, fans, and communities at large. Our teams have worked together to put new processes in place so artists doing shows with Live Nation in the U.S. can require all attendees and staff to be fully vaccinated or show a negative test result for entry where permitted by law. We know people are eager to return to live events, and we hope these measures encourage even more people to get vaccinated. That is the number one thing anyone can do to take...