CBX Daily 8/30/2024

Author

CultureBanx Team
August 30, 2024

Today black business ownership is rising, but let’s start with how hip hop is considering esports for franchising…

-

Cultural Intelligence Download

Hip Hop & ESports Giant $1.8 Billion Epicenter

CBX Vibe

As the esports industry rises in value, hip hop artists and entrepreneurs are seeing the investment opportunities the sector provides. Esports is believed to be the next wave of competitive entertainment and everyone is taking notice, since it's expected to surpass $1.87 billion in revenue in by 2025, according to Statista. Hip hop in perpetuity is turning up the volume on esports growth by bringing in its loyal fan base.

The Secret Ingredients In The Black Business Boom

CBX Vibe:

There's a growing confidence and interest among Black professionals in pursuing entrepreneurship as a career path. In just four years, 1.6 million businesses have been created in the period between 2020 and 2023. This surge in entrepreneurial spirit is a positive development that can lead to increased representation, innovation, and economic empowerment within the Black community.

Is Privatization The Caribbean's Ticket To A New Era In SIDS?

CBX Vibe:

SIDS (Small Island Developing States) is home to over 65 million people across 1,000 plus islands globally, accounting for over 16% of the global economy. They make up 0.5% of the surface area of the whole planet and cause less than 1% of the worldwide greenhouse gas emissions, yet the decisions of bigger nations impact these nations. They also have some of the highest electricity costs and face an average GDP loss of 1-8% due to fuel dependency and natural disasters.

Howard University Basketball Eyes $100 Million Investment Opportunity

CBX Vibe:

Historic HBCU institution, Howard University, is eyeing a $100 million investment that could revolutionize its men's basketball program and set a new standard for college sports. This bold move comes at a time when the landscape of collegiate athletics is shifting, with revenue sharing and equity taking center stage.

Victoria’s Secret Gets A New Sparkle With Savage & Fenty Leadership Revamp

CBX Vibe:

Victoria’s Secret (VSCO +1.67%) garnered attention recently due to a major development. The stock price experienced a significant surge of 14% following the announcement of Hillary Super, the former CEO of Savage X Fenty, as the new leader. This transition in leadership marks a pivotal moment for Victoria’s Secret as it endeavors to navigate the evolving global lingerie market landscape while addressing recent challenges of low sales and dismal performance.

Vibes of the Week

Hip hop views esports as a cash cow and could be "What You Need" SleazyWorld Go and Skilla Baby in our CBX Vibes!