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Ray J Shares How Misunderstanding The Terms Of A Loan 'Humbled' Him While Starting His New Television Network

Ray J has launched a new television network. The singer and entrepreneur just launched a television platform, Tronix Network, on Monday, March 25, 2024. While the R&B singer started out in the music industry, creating hits such as “Wait A Minute” in 2001 and “One Wish” in 2005, he has since tapped into his business side and ventured into other areas to generate revenue. Before deciding to create a new TV network, Ray J was known for his time investing in the tech industry. He first broke ground in 2016 with his Scoot-E bike brand, which launched through his electronics company Raytroniks. In 2019, the brand was acquired by micro-mobility and ride-sharing company LOOPShare in a deal reportedly worth about $34 million, per The Source. Ray J also supposedly walked away with more than 18 million common shares in LOOPShare, according to the outlet. He strengthened his presence in the sector, pivoting to Raycon Global, which he co-founded in 2017, as AFROTECH™ previously told you. “We...

Mar 26, 2024

Ray J Reportedly Exits Raycon Global And Announces Plans To Use His Shares From The Company To Launch A New Television Platform

Ray J, the businessman, strikes again! According to The Jasmine Brand, the superstar has officially announced plans to sell his shares in Raycon to launch a television platform, Tronix Network. The move includes his departure from Raycon Global, the company responsible for taking him to greater heights as an entrepreneur.   View this post on Instagram   A post shared by Ray J (@rayj) Per sources, Ray J aims to reshape the entertainment landscape through the launch of Tronix Network. “This isn’t merely about transitioning from one venture to another; it’s about seizing control of destiny’s helm and steering it towards his ultimate vision,” a source told the outlet. No stranger to making deals to propel him to the next level, Ray J previously described the sale of his Scoot-E brand as a blessing in an interview with AFROTECH™. “It was an interesting deal,” Ray J told AFROTECH™. “It was right before the pandemic, we sold it to a company called LOOPShare, out of Canada. Really good...

Mar 8, 2024

Ray J Ventures Further Into The Tech Industry As He's Reportedly Set To Launch A Digital Network

Ray J is creating his own lane. According to The Jasmine BRAND, the actor, singer, television personality, and entrepreneur will be launching a digital network. Although specifications on the new venture have not yet been disclosed, it’s been said that the network will feature original content. If the reports are in fact true, the move would come at a time when traditional television is facing competition as the growing interest with streaming giants like Netflix, Amazon Prize, Disney+, and Peacock continues. According to CNBC, “Nielsen, known for measuring television usage in the United States, said Thursday that 64% of time spent on televisions was on network and cable TV, while 26% of time was spent on streaming services such as Netflix and Hulu. Another 8%, categorized as “Other,” includes video-on-demand, streaming from cable set-top boxes, and other TV uses, such as gaming and watching DVDs.”

Apr 1, 2022

Yes, Ray J and Brandy Are Siblings — But Their Other Relatives Are In The 'Family Business,' Too

Yes, folks, Ray J and Brandy are brother and sister. Approximately once a year, Twitter shows up and shows out with shock about who’s related to who in the entertainment industry. And, apparently, this time around went to the Norwood siblings. According to Revolt TV, Ray J surprised his big sister with a tattoo featuring her name prominently scrawled across his lower arm. “This is real love,” she captioned a screenshot of the two on Facetime, on September 30. “I couldn’t have asked for a better brother. I love you @rayj #bestfriends #rayjXbrandy #rayjsis #rayjsister.” For the rest of the day, the Norwoods were trending on Twitter with the realization. If only there was a search engine that was easily accessible that provided this information, and more, with just a few clicks of a button. If only , right? Anyway, in light of these recent revelations, we decided to break down the musical family tree of the Norwood family. Believe it or not, Ray J and Brandy aren’t the only ones who...