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Following Diddy's Exit, Revolt Employees Now Become The Company's Largest Shareholder Group

Revolt employees now become the largest shareholder group of the media company, The New York Times reports. As AFROTECH™ previously reported, Diddy had exited his position as chairman of Revolt TV and sold his remaining shares to an anonymous buyer. Now it has been announced by Revolt CEO Detavio Samuels that Diddy has officially separated from the company he founded in 2013 alongside Andy Schuon. “One-hundred percent of Sean Combs’s shares have been redeemed and retired,” Samuels said, according to The New York Times. “He is no longer chairman. He is no longer on the board. He has no shares, no equity in Revolt. We have completely separated and dissociated from each other.” The majority of Revolt’s employees, which consists of about 80% people of color, are now the company’s largest shareholder group, the outlet notes. The initial value of Diddy’s shares in the company is unclear. “Today marks one of the biggest days we’ve seen at REVOLT and in media (especially Black media),”...

Jun 4, 2024

Kenny Smith Earns More As A TNT Host Than He Did In The NBA

Kenny Smith has become a familiar face in sports broadcasting, and he’s being fairly compensated for his contributions. His background in sports can be traced back to his playing days on the basketball courts of the University of North Carolina, according to the National Urban League. Upon graduating with a degree in Industrial Relations, he would be drafted to the Sacramento Kings as a sixth overall draft pick in 1987, ESPN reports. On Oct. 14, 1987, Smith signed a multi-year contract with the team, RealGM mentions. He would go on to play for several teams, including the Houston Rockets, for six seasons. View this post on Instagram A post shared by Kenny Smith (@kennysmith) They would earn two National Championships in 1994 and 1995 during his tenure. “I was one of the perfect pieces that fit into that championship mix,” Smith told Houstonia Magazine. Smith played for a total of ten seasons in the NBA and also attached his name to the Atlanta Hawks, Detroit Pistons, Orlando Magic,...

Apr 30, 2024

With A Company Reportedly Valued At $650M As Of 2022, Kevin Hart Says He's 'No Longer Just A Comedian' — 'I'm An Investment. I'm A Studio'

Kevin Hart is laughing all the way to the bank. The comedian, actor, and entrepreneur scaled his presence in Hollywood, launching multi-platform media company, HARTBEAT in 2022. As AFROTECH™ previously reported, its launch was supported by a $100 million raise from Abry Partners to support content creation, hiring new teams, and the expansion of existing brands and franchises. HARTBEAT went on to debut 23 projects in TV, film, digital and audio in 2023, Variety mentions. Additionally, it has secured strategic partnerships with NBCUniversal, SiriusXM, Sundance Institute, P&G, Walmart, Chase, Draft Kings and even Netflix, releasing “Lift” on the streaming platform on January 12, 2024. His collaborations have proven to be a wise business move for HARTBEAT. According to Boardroom, it is now valued at $650 million. Reflecting on the feat during an interview on “60 Minutes” Hart explained, “I’m no longer just a comedian. I’m an investment. I’m a student. I’m a partner looking for...

Apr 30, 2024

Stephen A. Smith Recalls A Move He Made In His Career That Caused ESPN To Offer Him $600K Less Than An Initial Contract

For over a decade, Stephen A. Smith has been recognized as one of the faces of ESPN. Before becoming a host on “First Take,” the veteran sports broadcaster hosted “The Stephen A. Smith Show” on ESPN Radio from 2005 to 2008, per ESPN Press Room. By 2011, Smith returned to host a weekday local show on ESPN Radio 98.7FM in New York, NY, and a local show on ESPN LA 710AM in Los Angeles, CA. In an interview with “Earn Your Leisure” podcast, Smith recounted being fired from ESPN in 2009. He explained that the reason for his departure was that his contract at the time did not align with what he believed he should earn. “I thought that I deserved more than they offered,” Smith shared on “Earn Your Leisure. “I was appalled at the offer they made me. I did not like it. I did not appreciate it. I felt disrespected. And I said ‘No.’” Smith admitted that his disapproval with the offer he received was based on the acclaim and accolades that were pouring in for him. However, he says when he...

Apr 25, 2024

Will.i.am Joins Uproxx Studios As Partner And Investor, Which Is A Result Of An Acquisition Of Uproxx, HipHopDX, And More From WMG

Will.i.am is immersing himself further in the media landscape. According to a press release, he has joined Jarret Myer and Rich Antoniello in forming Uproxx Studios. It is described as a brand solutions studio led by influential leaders in media and music who will consider culture and push it forward. The new entity has been established following the acquisition of Uproxx, HipHopDX, Dime Magazine, and other major media assets from Warner Music Group (WMG), such as the exclusive license to represent its YouTube content. Looking ahead, Uproxx Studios and WMG will remain in collaboration to guarantee seamless execution for their partners. Antoniello, partner and executive chairman of Uproxx Studios as well as founder and ex-CEO of Complex Network, commented, “This is a game-changer. We’re merging the agility and freedom of an independent entity with the reach and resources of a major music label. This is the recipe for groundbreaking content and unparalleled brand experiences.” Uproxx...

Apr 25, 2024

How Sirius XM Radio Host Swaggy Sie Used Tech and Broadcasting to Build Her Brand

In light of Women’s History Month, it’s important we uplift and amplify women in media who are acting as today’s leaders of innovation and change. For Sirius XM radio host Sienna Garraway — better known as Swaggy Sie — she’s used her expertise as a media personality and content creator to propel herself into being a tastemaker for our culture. With the help of both technology and her skills in broadcasting, she’s been able to build a successful brand around herself. Swaggy Sie — a native of Brooklyn, NY — got her start in the media world as a college student interning at Sirius XM under entities such as Shade 45, Ed Lover, Sway Calloway and more. “Those entities really molded me into a person that could understand radio – the background of it, the programming side, and really gave me my foundation of media and broadcasting at such a young age,” she tells AfroTech.   View this post on Instagram   A post shared by Swaggy Sie (@swaggysie) “One of my first mentors DJ S Whit was very...

Mar 11, 2021

Industry Vet Michele Thornton Ghee Named CEO of Ebony & Jet Magazine

Before Michele Thornton Ghee was named CEO of 1145 Holdings, LLC in a press release — the parent company of the iconic Ebony and Jet Magazine — she had a career in the media industry that spanned three decades. She generated billions of dollars for companies like WME, CNN, A&E, The History Channel, and BET Networks. During her tenure at BET, she created, launched, and managed BETHer, which bills itself as “the first and only network for Black women.” Now, this titan of industry is taking her wealth of experience to the legendary Ebony and Jet Magazine, while promising to “revitalize” the classic brands to bring them into the 21st century. “Everything we say will come through the lens of Black journalists,” said Ghee, in a statement, according to Yahoo Finance. “We will ensure there is a safe space for Black journalism to thrive.” In the past, Ghee focused on strategy, revenue generation, and — perhaps most importantly — recognizing the importance of Black culture. Ebony and Jet...

Actor Kofi Siriboe to Mix Education, Entertainment and Tech With New Media Company

The endless downtime thanks to the pandemic has given Kofi Siriboe time to realize a new business venture, We’re Not Kids Anymore. According to Shadow & Act, the “Queen Sugar” star will soon launch the media and lifestyle platform that will illuminate and reflect on the cultural resets that helped shaped Black culture and the world. “I was sitting home like we all were and all of the ideas and all of the things that crossed my heart and mind in the last five years came to the surface and We’re Not Kids Anymore really stood out,” he said. “We’re always looking ahead and creating new things as we move, but I just think it’s important to reflect and actually appreciate and find value in the experiences that shaped us to this moment.” Siriboe describes We’re Not Kids Anymore as a “network of nostalgia.” Alongside tech partner Julian Lane, he’s creating a space to celebrate time. More specifically, the time between being a kid and an adult.   View this post on Instagram   A post shared...

Dec 9, 2020

Warner Bros. Names Johanna Fuentes as Head of Global Communications

As more women of color step into leadership roles in the entertainment world, this media veteran finds herself climbing the ladder at another major company. Showtime’s head of communications, Johanna Fuentes is making a transition to Warner Bros. as their head of global communications. “It’s a transformative moment in our industry, and I couldn’t be prouder to join a legacy and storied company like Warner Bros.,” said Fuentes on her new role. “I believe in Ann’s vision for the future of the company and am excited to work with some of the top communications professionals and storytellers in our field as we map the strategy for the continued expansion of our iconic brands, films, games and television series.” Fuentes has led a rewarding career in entertainment since beginning her career at CBS corporation in 2001, according to The Hollywood Reporter. As a former director of entertainment communications, she worked on programs including “Survivor” and “Everybody Hates Chris.” Fuentes...

Apr 14, 2020

Tom Joyner’s Farewell to Radio Signals the End of an Era

Tom Joyner, the host of the show that bears his name, put down his microphone Friday. After 25 years on-air, the veteran radio host of the “The Tom Joyner Morning Show” began his retirement from a job he never imagined leaving. In a recent CBS News interview conducted by Jericka Duncan , the Alabama native described his auspicious start at a local radio station. After protesting that the station failed to play Black music, despite being situated in an all-Black community, the station owner relented. Joyner took the mic, and he never looked back. In 1994, he began hosting “The Tom Joyner Morning Show” on ABC Radio Networks with a focus on empowerment. Setting that unique tone paved the way for transparency on the program, giving rise to discussions about real-life topics, such as voter advocacy and health awareness, peppered with humor and social commentary. His direct, down-to-earth approach is associated with galvanizing Blacks to vote . Ten years later, with a greater following,...

Dec 19, 2019

Who and Where: Charlamagne Tha God, iHeartRadio Studios, Tribeca NY

Charlamagne Tha God is as wide awake as most others won’t be for another two to three hours as he power walks into the lower Manhattan towers where Power 105.1 studios reside. “Peace, King,” he says in his greeting to me. “Good morning,” he says to my melanin-deficient associate. He guides us both, along with his assistant Paige, to the elevators and up several levels to the iHeartRadio floors. Before either of us realizes it, he’s already provided salutations to the planet of listeners who religiously tune in to “The Breakfast Club” morning show. It would be a long morning, much longer than I’d planned for, but I came with a self-imposed mission to get as clear a sense of who Charlamagne really is — as best as I could in the span of a sunrise. I planned to explore the ideas and philosophies of the businessman who resides behind the prickly character and to understand the weight of responsibility it must be to represent Black culture on one of the world’s largest stages. About an...

Nov 25, 2019

How The Emma Bowen Foundation Is Dedicated To Diversifying Media

Emma Bowen, a Harlem-native and community activist, cared about the images of people of color in the news. So she came to Midtown, met with broadcast executives and struck a deal to create opportunity. “They said, ‘You know what? We want to put talented people of color in positions so they can become the future of media,’” says Rahsaan Harris, PHD, President & CEO of The Emma Bowen Foundation, a program that continues her legacy by providing internships for nearly 1,000 students of color and career opportunities for its graduates during its almost 30-year history. According to Harris, the partner companies are big broadcasters, cable operators, computer companies, PR companies and more. Today, the foundation prioritizes connecting leading media companies with promising students of color to create a pipeline of emerging leaders, which leads to diverse hiring, retention and advancement. Some of the current partners working with the foundation include Bloomberg Media, C-Span, CBS...

Oct 29, 2018