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Media & Entertainment

Venita Cooper and Vincent Sanders have created an AI-powered sneaker resale price-prediction startup – Arbit. According to their website, Arbit is the only price prediction model designed to empower sneaker buyers to get fair prices in the resell market. They collect real-time prices from trusted sites, providing pricing insights and trend analysis that allows users to shop prices on one app. Arbit’s Journey Cooper’s passion for sneaker culture began in 2019 when she opened Silhouette Sneakers and Art in Tulsa, which attracted attention from Brian Brackeen in 2021. After more than four years in the business, Cooper announced

UrbanGeekz, the digital news platform, has announced a content syndication deal with Moovn, a Black-owned ride-hailing service.  The collaboration marks the first time a Black-owned news platform has partnered with a ridesharing app to distribute media directly to passengers. Redefining Passenger Experience Embedded within the Moovn app, the content from UrbanGeekz will be accessible to passengers as they travel, transforming ride time into an engaging opportunity for consuming news, feature stories, and videos.  “I’ve always been someone who thinks outside the box,” said UrbanGeekz founder and CEO Kunbi Tinuoye. “For years, I’ve had this

Gran Coramino Tequila, the premium tequila brand co-founded by Kevin Hart and Juan Domingo Beckmann, has disbursed over $1 million in grants to Black and Latine entrepreneurs across the United States to date. The Coramino Fund Since its inception in 2022, Gran Coramino has dedicated a portion of its sales to the betterment of underrepresented business owners, committing $1 from every bottle sold to this cause.  The Coramino Fund, established in partnership with the Local Initiatives Support Corporation (LISC), has now dispersed over $1 million in grants. This funding has reached over 100

Sundial Media Group (SMG), the parent company of Essence Ventures, has announced its decision to acquire Refinery29 from Vice Media.  Refinery29, a prominent women’s lifestyle platform, has faced financial challenges in recent years but remains a key player with its distinct millennial women audience.  This acquisition marks a major shift as SMG led by Richelieu Dennis, aims to broaden its reach and influence across the female-oriented digital landscape. Sundial Media Group Acquires Refinery29 Essence Ventures already has several prominent brands under its umbrella, including ESSENCE magazine, AFROPUNK, Girls United, and

Group Black has announced the acquisition of Galore Media Inc., a digital culture magazine that reaches 15 million users monthly. The Black-owned media company is also expanding its media influence with the launch of the “She’s Good [For Real]” Black women’s health platform and new data technologies. The Galore Acquisition Galore is known for spotlighting cultural icons such as Zendaya, Bad Bunny, and Kylie Jenner on their covers and its collaborations with major brands like Samsung, Apple, and Estee Lauder. “Galore is on the cutting edge of culture and I

The Folklore, a platform known for connecting global consumers with African brands and diasporic fashion, has secured a substantial $3.4 million seed funding.  This round was spearheaded by Benchstrength Ventures, with contributions from Techstars, Black Tech Nation Ventures, and Slauson and Co. Connecting brands with Major Retailers In 2022, Folklore underwent a transformation. Originally a shopping platform showcasing primarly African brands, it now aims to enhance how emerging brands integrate into the retail landscape.  “[Brands] would come to me for advice on how to expand their footprint, how to get a loan or how

TikTok rapper Dantreal Clark-Rainbolt, known by his stage name Trefuego, has been ordered to pay Sony Music Entertainment $802,997.23 in damages for using a copyrighted sample without permission. U.S. District Judge Mark T. Pittman delivered the ruling, saying the fine would teach him a six-figure “lesson” about “carefully selecting the materials included in his raps.” Trefuego’s Copyright Clash Trefuego’s track “90mh” became a viral sensation on TikTok, featured in over 155,000 videos and gaining more than 100 million streams on Spotify. Despite the song’s success and nearly $700,000 in earnings, the rapper’s victory was short-lived. 

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