CBX Daily 7/11/2024

Author

CultureBanx Team
July 11, 2024

Today CTOs feel the pain as Gen Zs reign, but let’s start with how women and PoC are delivering film wins…

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Women & People Of Color Drive Streaming Film Triumphs

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In 2023, women were the majority audience for nine of the top ten film releases and 17 of the top 20 by household ratings. Their share of streaming viewership rose to 31%, up from 25% in 2022. The surge in diverse viewership in streaming platforms marked a pivotal moment, showing a shift in the dynamics of the film industry. Women and people of color are not just passive content consumers but are increasingly taking charge in creating and producing films.

Gen Z & AI Experts In, Chief Transformation Officers Out

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As we enter a new era in the workforce, the traditional C-suite landscape is moving toward a rapid transformation. The relentless pace of artificial intelligence (AI) innovation is expected to make several critical executive roles, particularly chief transformation officers, obsolete within the next five years, marking the emergence of a new landscape where chief AI officers and chief information/data officers will become more prominent.

Uganda's Golden Opportunity On The Investment Horizon

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Uganda has been working behind the scenes and it seems to be paying off. The country just scooped the award for best investment destination in Africa beating six other contenders. And it's not the first time it is bringing the award home. In 2023, the country was awarded the best investment destination in East Africa. These efforts seem to be paying off as its FDI inflows also increased from $1.36 billion to $1.5 billion in 2023.

Top Women Leveraging Cultural Currency To Spur Black Entrepreneurship

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In the vibrant tapestry of modern entrepreneurship, Black entrepreneurs stand out and are leveraging their cultural currency, a critical yet often overlooked asset that powers not only the engines of individual businesses but also the broader ecosystem of minority-led innovation. Although overall funding to Black-founded startups dropped a staggering 71% last year, Zeal Capital Partners is continuing to invest in game changing entrepreneurs like Fifi Kara, CEO of Aster, an all in one women’s health management platform, to carve unique pathways through the realms of financing, innovation, and representation.

Bitcoin Boom In Black Communities Could Bust Banking Institutions

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After 100 years of systematic racism, fewer African- Americans are investing in stocks, instead turning to the profitable benefits of cryptocurrency and its decentralized model to bring in the big bucks. With 1 in 3 African American investors owning cryptocurrencies compared to 17% of white investors, digital coins, blockchains and NFTs (non fungible tokens) are experiencing exponential growth due to a severe lack of trust in legacy firms. Black Millennials, Gen Z, and teen digital natives changing the financial landscape are turning to online and social media channels to grow their own wealth; leaving traditional banking institutions in their wake. This begs the question, are banks redundant for the Black community?

Vibes of the Week

It’s a ”Tough” world out here but women are standing on business. Quavo and Lana Del Rey make an amazing tune only in our CBX Vibes!