CBX Daily 2/22/2024

Author

Kori Hale
February 22, 2024

Today Comcast forecasts a billion-dollar revenue by dominating African streaming, but let’s start with how Black entrepreneurs are shaping America’s destiny and leaving a legacy…

Now Playing:

Cultural Intelligence Download

Black Entrepreneurs Who Are Architects Of America's Prosperity

CBX Vibe

Reflecting on the journeys of Black entrepreneurs underscores the enduring resilience and profound impact they have made on America's economic fabric. From Frank McWorter to Madam C.J. Walker to Robert F. Smith, and everyone in between, let’s explore the lives and legacies of the Black entrepreneurs who are redefining the essence of American prosperity.

Comcast's Billion-Dollar Bet On African Streaming With Showmax By 2028

CBX Vibe:

Comcast (CMCSA +0.41%) is getting its feet wet and tapping into the African market. This comes after a partnership with Multichoice where Comcast acquired a 30% share. Multichoice is Africa's biggest entertainment company where Showmax is an offspring. Showmax has quickly become Africa's favorite streaming platform and now sets its eyes on the $1B revenue mark in the next four years.

2024 Payoff: How HBCUs Are Empowering Black Graduates Financially

CBX Vibe:

Historically Black Colleges and Universities (HBCUs) are more than educational institutions; they're catalysts for empowerment, shaping futures that gleam with promise. HBCUs with the highest payoff in 2024 are leading the charge, with Hampton University, Spelman College and Xavier University of Louisiana. Embracing an HBCU education in 2024 means embracing an opportunity to amplify Black graduates careers and income prospects.

Why Are Black Influencers Paid 35% Less Than Their Counterparts?

CBX Vibe:

The pay gap between white influencers and BIPOC alone is an unmerited 29%, and there is no reason for this discrepancy beyond tokenism that suited the corporate agenda in 2020. Black creators know their gravitas, and yet are continually having their value undermined, leading to them to cancel the same social media platforms who are dependent on their content to fuel growth with the influencer marketing sector is expected to be worth $24 billion by the end of 2024.

AI's $43 Billion Role In Bridging Or Widening Black Workers' Fate

CBX Vibe:

In the evolving landscape of artificial intelligence, the looming specter of generative AI casts a shadow over the economic prospects of Black communities. As we hurtle towards a future where technology dictates the employment terrain, the ramifications for Black workers, particularly those without degrees, are profound and potentially devastating. Presently, the median Black family's wealth stagnates at $44,900, a fraction of the $285,000 held by their White counterparts.

Vibes of the Week

Black entrepreneurs are "Down“ to breaking barriers for America’s prosperity. Jason Derulo and David Guetta say so in our CBX Vibes!