Diddy Calls Out Entertainment Industry For Lack Of Investment In Black Executives

Diddy speaks on the entertainment industry's lack of investment in Black entrepreneurs.

Diddy's been in the game for over 20 years and during his time, he's built an empire. The REVOLT CEO is constantly in the top five of Forbes Richest Hip Hop Acts. Diddy's seen pretty much everything in the music industry and entertainment business throughout his career. He's expanded his business resume into fashion, liquor, television and more. Despite being one of the most successful Black entrepreneurs in America, he has his own share of criticism towards the entertainment industry and it's lack of investment into Black executives.

In a recent profile with Variety, Diddy took shots at the entertainment industry for the lack of black executives in the business. In terms of music, Diddy said that record labels are raking in cash from hip hop but aren't as willing to invest in Black executives or even give them a chance.

"You have these record companies that are making so much money off our culture, our art form, but they’re not investing or even believing in us," He said. "For all the billions of dollars that these black executives have been able to make them, [there’s still hesitation] to put them in the top-level positions. They’ll go and they’ll recruit cats from overseas."

He added, “It makes sense to give [executives of color] a chance and embrace the evolution, instead of it being that we can only make it to president, senior VP. … There’s no black CEO of a major record company. That’s just as bad as the fact that there are no [black] majority owners in the NFL. That’s what really motivates me.”

Diddy went onto explain further the success companies see after investing in black-owned businesses.

"When Adidas invests in Kanye and it’s done properly, you have the right results. When Live Nation invests in artists and puts them in arenas the same way U2 would be, you have the right results." He said,"‘Black Panther,’ ‘Black-ish,’ fashion; it’s all about access. If you’re blocked out of the resources, you can’t compete. And that’s my whole thing — to be able to come and compete.”

Comments

President George Weah's One Day National Forum Successfully Attended by 26 Political Parties

On Thursday, August 8, 2018, President George Weah had a sit down with 26 political parties of Liberia. The meeting aimed at advancing ideals that promote the spirit of national unity and political tolerance between opposition political parties and the government. ANC, LP and UP attended the meeting as a team. According to Deputy Minister Eugene L. Fahngon, Deputy Minister for Press and Public Affairs at Ministry of Information, Cultural Affairs & Tourism, all 26 political parties attended and participated from start to finish. Even though, social media was buzzing about AB Dillion walking out of the meeting, he walked out as an individual and not a political party, "the invitation was extended to political parties and not to individuals," Minister Fahngon stated in his live video. Each political party gave ideals and recommendations, which made the meeting a great success. According to Deputy Minister Fahngon, "there will be future engagements as such.&quo

What President Trump and Kim Jong Un Ate

The historic summit between President Donald Trump and North Korean leader Kim Jong Un continued midday Tuesday, as the leaders satisfied their appetites while holding negotiations with a contingent of advisers over a working lunch. The lunch, which followed a 45-minute one-on-one meeting between the leaders earlier in the morning and bilateral discussion with senior aides, was held at the Capella Hotel on Singapore’s Sentosa Island. It was far from an intimate affair, with each leader accompanied by a bevy of senior staff, according to the White House. Joining Trump were Secretary of State Mike Pompeo, Chief of Staff John Kelly, National Security Advisor John Bolton, U.S. Ambassador to the Philippines Sung Kim, press secretary Sarah Huckabee Sanders, and Deputy Assistant to the President for Asian Affairs Matthew Pottinger. Kim was accompanied by Kim Yong Chol , the former spy chief and one of North Korea’s chief negotiators, as well as Foreign Minister Ri Yong Ho, former

Snapchat Slammed for Domestic Violence Meme Featuring Rihanna and Chris Brown

If Kylie Jenner ‘s stock-plummeting Snapchat rant didn’t make you delete the app, maybe this will. Over the weekend, Snapchat found itself in hot water after a now-deleted domestic violence meme featuring Rihanna and Chris Brown went viral. The meme, which was an advertisement for the app “Would You Rather,” asked users whether they would prefer to “slap Rihanna” or “punch Chris Brown.” Almost immediately, screenshots of the ad appeared on Twitter, with many criticizing Snapchat for making light of domestic violence. Is it just me, or is this ad that popped up on my Snapchat extremely tone deaf? Like what were they thinking with this? pic.twitter.com/7kP9RHcgNG — Royce Mann (@TheRoyceMann) March 12, 2018 Many considered the ad a mockery of Rihanna’s experience with domestic violence. In 2009, Brown was arrested and charged for physically assaulting his then-girlfriend Rihanna hours before she was to perform at the Grammy awards. Since the incident, Rihanna has spo

C Liberia Clearly

Search This Blog