Diddy has announced that he wants to bring BET back into the hands of Black owners, but that’s just the beginning of his vision for the network. As reported earlier this week, the Bad Boy boss is “exploring the opportunity” to buy a majority stake of BET Media Group, which owner Paramount Global is reportedly looking to
Foot Locker will Close Nearly 400 Mall-Based Stores by 2026

The landscape of sneaker culture has changed drastically over the last decade and many of the stores, online and brick & mortar alike, that were staples early on have fallen by the wayside. This includes Eastbay which formally shutdown last year and now Footlocker is looking to downsize in attempt to keep up with the
Metro Boomin Reportedly Sells Part of His Publishing For Almost $70 Million

Metro has a string of hits he’s crafted for artists like Future, Migos, Young Thug, Kanye West, Travis Scott, Drake, and more over the years that can back up Southside’s statement. Now, reports surfaced noting Metro has sold some of his publishing in a massive deal. The details that have surfaced related to the deal say
Ford Files for Patent to Allow Remote Repossession if Owners Miss Payments

Ford has filed a patent with the United States Patent and Trademark Office (USPTO) that would allow their future vehicles to be remotely repossessed and drive away if a customer misses payments. The patent was originally filed in 2021, but it wasn’t formally published until last Thursday and discovered by The Drive. Semi-autonomous and autonomous
Quality Control Acquired By Hybe in Deal Worth Reported $300 Million

According to TMZ, Atlanta powerhouse label Quality Control, home of the Migos, City Girls, Lil Yachty, and Lil Baby, was acquired by Hybe America in a deal worth $300 million. Scooter Braun, who is known as Justin Bieber’s longtime manager, is also the CEO of Hybe, and he spoke on the acquisition, which was finalized
Federal Reserve Governor Compares Cryptocurrency to Baseball Cards

Recently, Federal Reserve Board governor Christopher Waller spoke about cryptocurrency, saying crypto will eventually resolve its issues. During a speech at the Global Interdependence Center Conference, Waller said he predicts the crypto world will get its act together to resolve issues with transparency and risk management. “They’ll get there, and when that happens, there’s a
Jay-Z and Bacardi Start Up New Deal for D’Usse After Settling Legal Dispute

Jay-Z previously was wrapped up in a dispute with Bacardi over their D’Usse partnership, with the disagreement reaching up to $2 billion. The artist was offered around $500 million to get full ownership of D’Usse, which was rejected. When Hov responded by asking for $1.5 billion, that was also rejected. When both parties couldn’t reach
Dr. Dre Reportedly Selling Music Assets, Set to Make Over $200M from the Deal

According to reports, hip hop icon Dr. Dre is set to sell his music assets in two separate deals to Shamrock Holdings and Universal Music Group. The bundle will consist of a combination of Dre’s music income streams and some owned music which generate roughly $10 million annually. Per Billboard: The assets include mainly passive
Megan Thee Stallion Wins Early In Legal Battle With 1501 Certified Entertainment

A Judge ruled that 2021 Megan Thee Stallion project Something For the Hotties does qualify as an album under her contract. Megan Thee Stallion has scored another legal win to close out the year. On Wednesday (December 28), a Texas judge sided with the Grammy Award-winning rapper, rejecting a request from 1501 Certified Entertainment not to qualify Meg’s 2021 project Something
Elon Musk Offers to Step Away From Being Head of Twitter Following Poll

Elon Musk has been making changes to Twitter since his takeover of the platform. Many users have complained about the changes, using moments to call out Musk. Since then, Musk launched a Twitter poll asking if he should step down from running the platform. The Tesla CEO said, “Going forward, there will be a vote for