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  • Tyler Perry Shares Thoughts On The Bidding Process For BET, Calls It ‘Disrespectful’

    Tyler Perry Shares Thoughts On The Bidding Process For BET, Calls It ‘Disrespectful’

    Tyler Perry spilled the tea on the dramatic events that took place behind the scenes during the intense battle to acquire BET.

    Earlier this year, BET was up for grabs, attracting numerous influential players in the media industry who were eager to take ownership of the network. Alongside big names like 50 Cent, Diddy, and Byron Allen (according to reports), Tyler Perry made it abundantly clear that he was determined to acquire a majority stake in the BET Group, which includes BET, VH1, and the streaming service BET+.

    In a surprising turn of events, Paramount Global later revealed that they won’t be selling BET after all. Apparently, they realized that getting rid of the network wouldn’t help them with their debt.

    Before changing their mind, word was spreading that BET had hiked up their asking price to $3 billion. Tyler Perry, who already has a piece of the BET pie, supposedly had second thoughts about coughing up that kind of cash. He opened up about the series of events during a speaking engagement at the Bloomberg Summit on Black entrepreneurship in Atlanta. He said,

    “I was disappointed about it for a number of reasons. The way it happened was disrespectful in a lot of ways… Don’t try to get me to pay for something that’s not worth anywhere near the value.”

    Perry went on to give them his well wishes,

    “God bless them. I’m still working with them. I wish them the best.”

    #Clique, what are your thoughts?

  • Chris Brown Faces $2 Million Lawsuit Over Unpaid Popeyes Restaurant Loan, Reports Say

    Chris Brown Faces $2 Million Lawsuit Over Unpaid Popeyes Restaurant Loan, Reports Say

    Singer Chris Brown is currently entangled in a legal battle after being sued for allegedly failing to repay a $2 million loan obtained from City National Bank (CNB) to invest in two ‘Popeyes‘ chicken restaurant locations, per Hip Hop DX. 

    The lawsuit, which originated in Georgia but was filed in Los Angeles due to Brown’s residency, reveals that CNB provided the loan to Brown and other parties, including singer-songwriter The Dream, to acquire ownership in the fast-food establishments.

    Although Brown and The Dream are not personally involved in the day-to-day operations of the restaurants, they are part of an investment group associated with the purchase. CNB states that the loan was granted in 2018 and attempts to collect repayment were made in subsequent years. As of February 17, 2023, the outstanding principal and interest on the loan amount to $2,140,901.74, according to the bank.

    The bank emphasizes that Brown is personally liable for the loan as a guarantor. Unfortunately for Brown, the bank has already secured a judgment in their favor in a Georgia court, making the Los Angeles case an effort to enforce the previously won lawsuit. Specifically, CNB claims that Brown is responsible for $1,314,367.40.

    It is important to note that the success of the ‘Popeyes’ restaurants remains uncertain, but CNB is determined to recover its loan. It is worth mentioning that Chris Brown already owns fourteen Burger King restaurants in Virginia, his home state. With an estimated net worth ranging from $50 million to $150 million, Brown’s financial situation may not be severely impacted by this lawsuit.

    The Dream, who is also involved in the investment, may face a similar situation, although it is unclear if the bank intends to pursue legal action against him. Should Brown decide not to settle the debt, he will likely face a protracted legal battle ahead.

    #Clique, what are your thoughts?

  • Pink Sauce Creator Claims She’s Penniless After Being ‘Financially Sabotaged’ by Dave’s Gourmet, Company Insists $120,00 Paid

    Pink Sauce Creator Claims She’s Penniless After Being ‘Financially Sabotaged’ by Dave’s Gourmet, Company Insists $120,00 Paid

    Controversy surrounds Walmart‘s Pink Sauce, a popular condiment born from TikTok, reports Insider. Created by Chef Pii, also known as Veronica Shaw, the sauce faced safety concerns and complaints about incorrect labels and damaged bottles upon its 2022 launch. 

    In January, Shaw partnered with Dave’s Gourmet to release a shelf-stable version of the sauce, adhering to FDA guidelines and selling for $8 at Walmart. While sales figures remain undisclosed, TikTokers noticed the sauce quickly going on clearance, although it is now being sold at its original retail price on Walmart’s website. 

    In a recent TikTok video, Shaw claimed to have sold around 200,000 units. However, she took a different tone online last week, launching a GoFundMe campaign to raise $100,000 for herself. Although she didn’t directly name Dave’s Gourmet, she expressed her belief that a company is attempting to undermine her success.

    “They lied to me,”

    she wrote in the GoFundMe description, which has raised just $921 to date.

    “They are not paying me and are not being transparent about records. I have tried on multiple occasions to try and come to one accord with them but they refuse to reimburse me for marketing expenses that I spent my own funds towards….They are refusing to pay me the royalty that is owed to me.”

    Shaw claimed in her GoFundMe that she is a single mother struggling to provide food and clothes for her children, living on $20 a day and facing eviction. Dave’s Gourmet, when contacted, expressed disagreement with Shaw’s account of the situation.

    “We disagree with Ms. Shaw’s allegations,”

    a company spokesperson said.

    “Dave’s Gourmet has paid Chef Pii over $120,000 to date and it continues to make all payments as due and on time based upon the terms of the contract.”

    Dave added in a statement,

    “We’ve offered to reimburse Ms. Shaw for her lawyer’s time to go over the terms of the agreement and how it relates to the payments that were made to Ms. Shaw… She indicated that she’s open to an amicable resolution of the dispute and the parties are in discussions.”

    #Clique, what are your thoughts?

  • Daymond John Granted Permanent Restraining Order Against Former “Shark Tank” Contestants

    Daymond John Granted Permanent Restraining Order Against Former “Shark Tank” Contestants

    Shark Tank star Daymond John, has been granted a permanent restraining order against three former contestants who made negative statements about him on social media. The restraining order was granted against former NFL player Al “Bubba” Baker, his wife Sabrina, and their daughter Brittani. The Bakers appeared on Shark Tank in 2014 to pitch their business, Bubba’s Q Boneless Baby Back Ribs. John invested $300,000 in the company, but the Bakers later claimed that John had not lived up to his end of the deal.

    In 2021, the Bakers began making negative statements about John on social media, calling him a

    “con artist”

    and a

    “liar.”

    John filed for a restraining order in 2022, and a judge granted him a temporary restraining order in March. The permanent restraining order was granted on Friday.

    The restraining order prohibits the Bakers from making any public statements about John or his business dealings. It also prohibits them from contacting John or his family. John’s lawyer, Andrew Brettler, said in a statement that the restraining order was

    “a victory for the truth. Daymond John is a successful businessman who has built an empire based on integrity and hard work,”

    Brettler said.

    “The Bakers’ false and defamatory statements were an attempt to destroy his reputation.”

    The Bakers have not commented on the restraining order.

  • Serena Williams Invests $5M in Selena Gomez’s Wondermind

    Serena Williams Invests $5M in Selena Gomez’s Wondermind

    Serena Williams’ venture capital firm has spearheaded a $5 million funding round in the mental health sector. According to Bloomberg, Serena Ventures took the lead in an early-stage investment for Wondermind, a multimedia company founded by Selena Gomez, Mandy Teefey, and Daniella Pierson, with a strong focus on prioritizing mental health.

    Notable investors joining the round included Lightspeed Venture Partners, Sequoia Capital, and Brent Saunders, former CEO of Allergan. With a reported valuation of $100 million, Wondermind aims to globally democratize and destigmatize mental health through daily editorial content, insightful entertainment, and practical tools, as per a press release.

  • From Kitchen to Skincare: Ayesha Curry Launches Sweet July Skin

    From Kitchen to Skincare: Ayesha Curry Launches Sweet July Skin

    Renowned entrepreneur Ayesha Curry continues to expand her empire, and her latest addition comes in the form of a skincare brand. The 34-year-old entrepreneur took to Instagram, sharing a captivating photo of herself surrounded by fruits alongside her newly launched skincare products.

    In an accompanying message, Curry expressed her excitement in introducing Sweet July Skin, a skincare line that reflects her passion and heritage. During an interview with Vogue, Curry revealed that after three and a half years of meticulous preparation, planning, and testing, her vitamin C-rich skincare brand inspired by her Jamaican roots is now officially available.

    This venture is a natural progression for her lifestyle brand, Sweet July, as the self-proclaimed

    “beauty junkie”

    has explored various beauty tips, including those passed down from her grandmother.

  • Snoop Dogg and 21 Savage Raise $20 Million in Funding For Sound

    Snoop Dogg and 21 Savage Raise $20 Million in Funding For Sound

    Rapper Snoop Dogg always gets to the bag! The rapper joins a group of notable investors that includes Ryan Tedder, and Ashton Kutcher amongst others, who have put $20 million into Sound, a Web3 music platform that aims to help artists earn a sustainable income throughout their careers.

    The Series A funding round was led by Andreessen Horowitz (a16z), and also included Rapper 21 Savage, Sound Ventures, and others. Sound’s platform uses blockchain technology to allow artists to mint their songs as non-fungible tokens (NFTs), which can then be sold directly to fans. This bypasses traditional distribution channels and gives artists more control over their earnings. According to TechCrunch, since its beta launch in 2022, Sound has generated $5.5 million in revenue for artists. With the new funding, Sound plans to expand its reach and help more artists earn a living from their music. The platform’s goal is to create a supportive ecosystem that empowers artists to thrive financially. Here are some additional details about Sound’s platform:

    • Artists can mint their songs as NFTs, which are unique digital assets that can be bought and sold.
    • Fans can buy NFTs to own a piece of their favorite artist’s music.
    • Sound’s platform also allows artists to sell exclusive content, such as behind-the-scenes videos or live performances.
    • Sound takes a small commission on all sales, but the vast majority of the proceeds go to the artists.