Black Executive & Entrepreneur News

Usher tops Los Angeles Times Pop Power List

Recording Artist and Entrepreneur Usher Raymond has topped a new Los Angeles Times poll to find the most powerful artist in pop music in 2005.

The R&B star was voted tops over artist like Alicia Keys, Beyonce and Eminem to claim...

Jay Z open’s 40/40 Club in Atlantic City

Groundbreaking ceremony were held for the first 40/40 Club outside New York city on Thursday, in front of an audience of journalist and dignitaries. The upscale sports lounge is expected to open Oct. 1 as part of The Walk, a new...

Def Jam Recordings is launching a Latin and Caribbean music division

Universal Music Group's Def Jam Recordings division is launching Roc La Familia, a new imprint aimed at the exploding urban Latin and Caribbean market.

"Everybody talks about the world getting smaller, well we are doing...

Nelly signs deal with Reebok

Grammy Award Winning Rap Artist Nelly joined Reebok International Ltd.'s growing stable of rapper endorsers.

St. Louis native entered a long-term partnership with Reebok Tuesday that includes a signature collection of athletic...

XM Satellite Radio to Investment in Noah A. Samara’s WorldSpace

XM Satellite Radio today announced that it has made a strategic investment of $25 million in the common stock of WorldSpace, Inc., a leading satellite radio provider for Asia, Europe, the Middle East and Africa which was founded...

LL Cool J Signs Multi-picture Deal

Lions Gate Films has signed a multi-picture deal with LL Cool J, whose first project will be an urban version of "Fatal Attraction.

The projects -- budgeted at less than $10 million, similar to Lions Gate's deal with...

Will Smith to Invest in New Movie Distribution Company Aimed at Urban Filmgoers

Will Smith has joined a group of investors which include Tisha Campbell, Duane Martin, Blair Underwood and producers D'Angela Steed and Nia Hill to form The Momentum Experience, a new company that will distribute films and movies...

50 Cent Launches Hi-Tech Watch

50 CENT is set to launch the latest product in his growing empire, a wristwatch with an MP3 player inside.

The G-Unit MP3 Watch, due out in jewellery stores this month, features 256 or 512 megabytes of memory inside its...

BET’s new CEO Debra Lee hires filmmaker Reginald Hudlin as chief programmer

BET has hired veteran filmmaker Reginald Hudlin as its chief programmer, a move that industry observers hailed as a positive sign for a network that has long faced criticism for lacking quality programming.

Hudlin becomes chief...

Colin Powell Joins Venture-Capital Firm

Former Secretary of State Colin Powell has joined Kleiner Perkins Caufield & Byers Silicon Valley's most famous and successful venture capitalist firm as a partner.

It is a job that brings prestige and the power to finance...

Sean "P. Diddy" Combs settles lawsuit with publisher

Sean "P. Diddy" Combs and Random House, Inc., have settled a lawsuit in which the publisher alleged that the hip-hop mogul never paid back a $300,000 advance for a memoir he never completed.

“The matter has been amicably...

The Biggest Man in Hip Hop Fashion

Who Is Marc Ecko? He is the founder and owner of Marc Ecko Enterprises. The manufacture of Ecko Unltd, Zoo York, G-Unit clothing line, Fetish by Eve, Avirex and publisher of men’s shopping magazine Complex. Marc Ecko...

Jermaine Dupri opens restaurant

Jermaine Dupri, multi-million-selling producer, owner of So So Def label and president of urban music for Virgin Records, announces the grand opening of his first restaurant, Café Dupri, in Atlanta, GA.

Dupri, who was recently...

Morgan Freeman's Revelations Entertainment forms new venture with Intel

Morgan Freeman's movie production company, Revelations Entertainment and chip making giant Intel Corp., said Wednesday that they have formed a new venture to distribute premium movies to consumers over the Internet.

The...

50 Cent to launch Formula 50 with Glaceau Vitaminwater

Curtis Jackson aka 50 Cent, will begin pitching his own flavor of upscale Glaceau Vitaminwater, Formula 50 this week, said USA Today. Formula 50 is a grape-flavor water with 50% of the recommended daily allowance of vitamins,...

Rappers taking away the big-money endorsement market from pro athletes

The $55 billion footwear and sports apparel market has long been the domain of pro athletes, but no more. Jay Z, 50 Cent, Snoop Dogg, Xzibit and Missy Elliott, are the new stars of big-money endorsements, a field formerly...

Wyclef Launches Refugee by DIA Clothing

Rapper and entrepreneur Wyclef Jean has teamed with French fashion designer DIA to launch a clothing line called, Refugee by DIA Clothing. DIA Clothing has already been a hit in Europe with its unique fashion sense and in teaming...

Sean 'P. Diddy' Combs Gets His Woman

It was rumoured that Combs was trying to get Ms. Cruz to be the face for his women’s line earlier this week. Well that rumour is now confirmed. Yahoo News reports that Combs and Penelope Cruz were spotted in several Manhattan...

Bobcats shutting down regional sports network

The Charlotte Bobcats the NBA team owned by BET founder Robert Johnson have decided to shut down its regional sports network C-SET after less than a year on the air. Since it's launch the network has had difficulty attracting an...

Penelope Cruz to Star in Sean by Sean Combs Print Ads

Sean by Sean Combs, is the new clothing line by Sean “P.Diddy” Combs aimed at the urban sophisticated woman who appreciates sleek yet romantic style. The line which will be launched for fall 2005 features 150 pieces in three...