Tag Archives: Golden State Warriors

Celebrity Cyber Report – Mo’Nique, Jada Pinkett-Smith, Kevin Durant

Oscar Winner Mo’Nique

Mo’Nique

Comedienne and actress Mo’Nique has called for a boycott against Netflix. According to the Oscar winning actress the streaming television service is guilty of gender and race-based pay inequities. Mo’Nique said she was offered $500,000 for a comedy special where white comedienne Amy Schumer was offered $11 million. Black comedian Dave Chappelle received $20 million for his three comedy specials . Mo’Nique said she challenged Netflix on the gap, but received contradictory answers. Mo’Nique said se was told by Netflix that  “we don’t go off resumés” when justifying her pay. But then  it reportedly defended Schumer’s revenue by citing her experience.

Mo’Nique also learned that she was not the only black female comedienne who may have been short changed by Netflix. According to a tweet from fellow comedienne Wanda Sykes Netflix offered her “less than half” of that $500,000 for a Netflix special. Mo’Nique hasn’t objected to the compensation Netflix offered other performers but is asking why the figures for her and Sykes were so much lower.

 

Jada Pinkett-Smith

Jada Pinkett Smith

Three generations of actress Jada Pinkett-Smith‘s family will join Facebook for a talk show that deals with social issues. Smith, her daughter Willow and mother Adrienne Banfield-Norris will come together to discuss their individual perspectives on various topics. According to Deadline, the inter-generational talk show will be executive produced by Pinkett-Smith along with Ellen Rakieten and Miguel Melendez. EntitledRed Table Talks the show was originally streamed in 2012 on the YouTube channel. 

 

NBA All Star Kevin Durant

Kevin Durant

NBA superstar Kevin Durant is joining forces with YouTube to expand its sports content offerings. Durant and business partner Rich Kleiman have agreed to develop programming based on Durant and his fellow professional athletes under the umbrella of their Thirty Five Media video business.

After moving to the Bay Area to play for the Golden State Warriors Durant became interested in tech investments. He is not alone, teammate Andre Iguodala is another big tech investor. According to Kleiman, Durant became interested in YouTube after meeting YouTube executive Neal Mohan at the star’s 28th birthday party.

Durant’s YouTube channel is a fan favorite giving them documentary-style productions offering peeks into the life of an all-star professional basketball player. It also gives players a direct venue to interact with fans.  In less than a year, Durant’s channel has scored more than of 21 million views.

Durant told TechCrunch, “Outside of the incredible relationship that we’ve developed with the team at YouTube it’s a huge destination for video content where sports fans, including myself, spend a lot of time, and we really wanted to create content where fans are most likely to find and engage with it.”

Celebrity Cyber Report – JayZ, Kevin Durant

JayZ

Rapper/entreprenuer/business mogul JayZ is launching a venture capital fund. The brother has the Midas touch and knows how to use it. In 2011 the husband of Beyonce invested in Uber and that blew up. The ride company is worth 200 times what was when he invested. He launched RocaWear. BOOM! That blew up. He purchased Tidal and jumped into the streaming media game. He is also invested in several alcohol beverage brands. Put simply this black man knows where to put money to make money.

JayZ and longtime friend and business partner and RocNation co-founder Jay Brown are hooking up withPrimary Venture Partners and GlassBridge Asset Management to form the new firm, Arrive. Primary acting as advisor to guide JayZ’s investments, and GlassBridge will provide business infrastructure support. JayZ is currently looking for the right mind to lead the fund.

JayZ  and RocNation have an impressive track record when it come to investing. Check it out.

  • Stance The Jays’ Roc Nation invested $6 million in the premium sock company Stance. It’s gone on to raise a total of $116 million from top Silicon Valley investors.
  • Uber Jay Z invested when the company was valued at just $300 million. Now Uber is valued at $62.5 billion.
  • JetSmarter JayZ personally invested in JetSmarter’s in 2014 and 2016. The “Uber for private jets” startup is hoping people will pay huge upfront membership fees for free luxury flights later.
  • DevialetRocNation’s most recent investments is with high-end french speaker maker Devialet. It’s too early to tell but Devialet speakers get rave reviews and are sold at Apple stores.

But not all has been rosy for the rapper. Investing is a gamble and sometime you lose. JayZ dropped money on Viddy/Supernova an “Instagram for video” concept in 2012 before Instagram became the Instagram for video. The company failed, was re-branded as Supernova, and was sold. No profit there.  RocNation invested in BlackJet a private jet startup in 2012. BlackJet crashed taking JayZ’s money with it.

JayZ and RocNation are expected to focus on seed-stage funding of tech startups.

NBA All Star Kevin Durant

Last summer the Golden Sate Warriors landed the most sought after NBA baller, probably in the history of the game, Kevin Durant. The Golden State is the home of Silicon Valley, the home of high tech gold. Making himself at home Durant and his agent Richard Kleiman unveiled a start-up of their own, the Durant Company, with an expanding portfolio of investments in tech companies like Postmates and Acorns. The portfolio also holds investments in hotels, restaurants, film and television development. Durant is  also investing with Ronald Conway, one of Silicon Valley’s top angel investors and consulting with Laurene Powell Jobs, Steve Jobs’s widow, on his own charity foundation.

Durant may have caught the tech investment bug from his teammate Andre Iguodala, who is an investor in Twitter, Facebook and Tesla. By the way Durant drives a black Model S Tesla.

See also: Durant Puts His Money and Celebrity Behind Postmates.

Celebrity Cyber Report – Andre Iguodala, JayZ vs. The Prince Estate

iguodala-suit

Andre Iguodala

NBA players, like most pro athletes, make a nice income. Well lets be real; they make a helluva lot of money. Now one of their own, Andre Iguodala, is introducing them to a new game, tech investing.

Iguolada, the Golden State Warriors All-Star and NBA Finals MVP, is an investor in several companies with his business partner, Rudy Cline Thomas. Recently Inguodala and Thomas participated in a question-and-answer session with startup owners at LinkedIn headquarters in San Francisco.

Iguodala made a savvy business move by joining the Golden States Warriors. He became part of one of the greatest teams in NBA history but also moved closer to the Silicon Valley. Iguodala came to the Bay Area with his eye on a championship and the tech start up investment opportunities.

The NBA star is doing his best to get other players interested in the start up game as well.

“I’m just trying to get my colleagues to understand that there is a space for us outside of our normal investing,” said Iguodala. “You normally see players investing in the barbershop. You see the music companies. You see a lot of real estate. You don’t see many go outside of their comfort zones. We want to change that.”

Since joining the Warriors Iguodala has jumped on the Silicon Valley tech scene like an errant pass.  He joins other NBA stars that include his teammate Steph Curry who invested in a online coaching service app, and a  social media platform. L.A. Clippers star Chris Paul co-created Game Vision, an app that uses games it claims will increase court vision awareness. Laker great Kobe Bryant has launched a $100 million dollar venture capital firm and Carmelo Anthony has created his own firm, Melo7 Tech Partners.

Many NBA players and other professional athletes have made millions outside of playing sports. But Iguodala points out that there is more to be made than just standing in front of a camera and endorsing a product.

“That’s the biggest thing, because the way we dealt with businesses in the past is a direct transaction: You pay me this amount and I’ll take a picture or endorse your product. I think the landscape has changed as far as endorsements are concerned because consumers are smarter. They know what’s authentic, what’s organic and what’s genuine.”

Because of this belief  Iguodala and Cline Thomas launched the National Basketball Players Association’s inaugural tech summit. This gathering took place last July and hooked up current and former NBA with key tech execs in San Francisco. Using his influence as the vice president for the player’s union Iguodala made it happen.

More than 30 NBA players participated in the three-day event.  “The response was amazing,” said Iguodala. “A lot of them, said, ‘Wow, we didn’t know what you meant?'” Cline Thomas added, “Some players are already investing. All it took was some exposure.”

JayZ vs. The Prince Estate

Prince’s record label NPG has gone to war with JayZ’s Roc Nation and it’s parent company Tidal.

Prince’s record label, NPG Records, filed the lawsuit in Minnesota accusing Roc Nation and Tidal of copyright infringement. NPG claims Tidal streamed Prince’s music without permission after his death. NPG Records gave Tidal exclusive streaming rights to the album, Hit ‘n Run Phase One, but for only 90 days. But NPG claims that after Prince’s death, Tidal began streaming as many as 15 of Prince’s other albums. NPG never agreed to that and characterized the move as exploitation.

Roc Nation disputes the claim. JayZ’s label says they have paperwork proving “various agreements between the relevant parties”  giving them rights to the music. NPG says it hasn’t seen any of these “agreements.” Roc Nation/Tidal and NPG have been at odds for some time, but Tuesday’s lawsuit has opened a new front in the battle.

Like all wars the sides and the issues are often complicated. This legal battle is complicated by a recent deal between Prince’s estate and Universal Music Publishing Group. According to Minneapolis Star Tribune Universal was named “the exclusive worldwide publishing administrator” for all of Prince’s music. Tidal took issue with the agreement and filed its own paperwork claiming that a previous contract gave it exclusive streaming rights. 

After the death of many celebrities and artists their estates become worth far more than they ever were in life. And Prince is no different. So the war has begun.