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According To This Founder, With His Streaming Platform Disctopia, 'If You Make A Million Dollars ... You Get A Million Dollars'

Disctopia Founder Patrick Hill is working to ensure artists receive their respective dues. After successfully helping a close friend rack in thousands of dollars within a few hours of dropping music in 2016, ​​the University of North Carolina at Charlotte grad realized there was a tangible solution for other artists to monetize their work more effectively. Disctopia was a byproduct of Hill’s efforts.

Jun 30, 2022

Kevin Hart's Newly-Formed Multi-Platform Media Company HARTBEAT Raises $100M

Kevin Hart has raised substantial funding to merge his existing entertainment companies. According to a press release shared with AfroTech, the comedian and Hollywood entertainer has merged Laugh Out Loud and HartBeat Productions to form HARTBEAT. In addition, it was also announced that the multi-platform media company raised $100 million from Abry Partners, in which the private equity firm took a minority investment. The funding will support new content, hiring new teams, and the expansion of existing brands and franchises.

Apr 26, 2022

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

TIDAL Stays Committed To Jay-Z’s Blueprint For Better Supporting Artists With Rollout Of New Features

TIDAL is finishing what it started when it comes to better supporting artists, and they’re adding more plans too. On Nov. 16, the streaming service announced a free tier for the first time, exclusive to U.S. -based listeners, The Verge reports. Subscribers will have free access to TIDAL’s 80 million song catalog and their entire playlist selection with limited interruptions. The platform will be using the interruptions to educate consumers on the music industry. TIDAL HiFi has also been upgraded, which is now split into two separate plans. The standard paid plan offers high-fidelity audio and offline listening with new features including TIDAL Connect and My Activity, for $9.99 a month. TIDAL HiFi Plus — the new third plan — is a $19.99 a month subscription that will have the “best-in-class immersive sound formats,” including Dolby Atmos and Sony 360 Audio tracks, according to the company. The company’s latest evolution doesn’t just stop at subscribers’ satisfaction, but will also...

Nov 17, 2021

YouTuber 'Omi in a Hellcat' Could Face Over 500 Years Behind Bars For Internet Piracy Scheme

Just two years after a previous incident where his home was also raided, Bill Omar Carrasquillo — commonly known as “Omi in a Hellcat” on YouTube — received an abrupt awakening from federal authorities. On the morning of Sept. 21, the YouTuber was placed in handcuffs and indicted for an ongoing internet piracy scheme in his New Jersey mansion. Carrasquillo — a YouTuber who once boasted about his 790,000 subscribers on the social platform — has flashed his lavish lifestyle over the years, which includes millions of dollars in assets, 52 properties, and 57 vehicles, according to CBSPhilly. A large portion of the YouTuber’s wealth is said to be illegal — coming from the Internet protocol television service, (IPTV) Reboot, Gears TV, Reloaded and Gears Reloaded. View this post on Instagram A post shared by Omar Carrasquillo (@omi_in_a_hellcat)   “I don’t think I ever did anything wrong. I was running businesses wide open in the public. So now we just gotta see. We are going to have our...

Sep 24, 2021

Journalist Roland Martin Launches Free Streaming Network Dedicated To Culturally Relevant Content

For over a decade, seasoned journalist Roland Martin has voraciously served daily news to the Black community on #RolandMartinUnfiltered, and he’s ready to take things to new heights with his next venture. Since its inception, the daily news show has “generated nearly 509 million views and more than 1.5 billion minutes watched,” a press release states. Now, Martin realizes that there is a need to provide the Black community with content driven by their concerns. With that said, the award-winning journalist has recently announced the debut of the Black Star Network on the third anniversary of #RolandMartinUnfiltered. “We’ve proven over the last three years that Black women, men and children desire culturally relevant content from a Black-owned media company. We have traveled all over the country covering a variety of big news stories, and Black Star Network will allow us to further expand our footprint,” Martin said in a press release. The network features an array of Black news and...

Sep 9, 2021

Oprah Winfrey Sells Most of Her OWN Cable Network Stake For $36M, Remains CEO

Oprah Winfrey continues to show that she is indeed where the money resides! This time around she’s sold some of her ownership of the OWN cable network — 20.5 percent to the network’s majority owner, Discovery. Forbes reports Winfrey has sold that percentage of her share in the network in exchange for 1.34 million shares of Discovery stock — that’s $36.5 million. The transaction was made Tuesday and Winfrey will remain the chief creative officer and CEO of her namesake network, according to representatives from both OWN and Discovery. Founded by the mogul just as she ended her successful talk show in 2011, Oprah Winfrey Network is now said to have a valuation of around $180 million. This is about 37 percent lower than the $285 million Forbes estimated it would be worth in 2017 after Discovery dished out $70 million for a 24.5 percent stake. Today, Forbes estimates Winfrey’s net worth to be around $2.6 billion, and per a filing with the Securities and Exchange Commission, she has...

Dec 23, 2020

Streaming Service Philo Just Committed to Promoting Black-Owned Businesses Free-of-Charge

Philo just announced its most recent initiative involving $1 million in ad impressions for over 20 social justice organizations and Black-owned businesses, according to Business Wire . The lifestyle and entertainment streaming TV service will donate $1 million worth of ad impressions in the calendar year of 2020 to support various social justice organizations and Black-owned businesses. For Philo, diversity, inclusion, and equity are critical pillars of the company and due to recent events in society surrounding systemic racism and racial injustice, the streaming service will use its platform to showcase businesses and organizations that uplift the Black community. “In light of the recent events, we decided to use our platform as a place for good,” said Reed Barker, Philo’s head of advertising. “We opened up our ad inventory space to provide space for discussions about systemic injustice, raise awareness for social good organizations, and provide Black business owners with an...

Nov 13, 2020