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DJ KHALED JOINS WEIGHT WATCHERS, SHARES RISE 7%.

Weight Watchers Stock rises 7%

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DJ Khaled celebrated the new year with some new endorsement deals. On monday, The superstar announced that he would be documenting and sharing his journey in the Weight Watchers Freestyle program.

CNN reported that, Shares of Weight Watchers (WTW) rose more than 6% on Tuesday after the company signed the insanely popular global music star and producer to be a “social media ambassador.”

The WW Freestyle™ program gives me balance between my busy lifestyle and health. I can go back-to-back from the studio to business meetings, be there for my son Asahd, and still keep my new habits.

The decision is part of Weight Watchers corporate strategy to market their products through influential celebrities. Weight Watchers made a similar move when Oprah Winfrey bought 10% of the company. The company’s share price doubled the same day as Oprah’s announcement.

Business Insider reported that, Weight Watchers, which was trading below $7 a share in October 2015, doubled in a single day on Oprah’s initial announcement. Since then, the stock has exploded by more than 574%, including almost 300% in 2017. And it has been a mutually beneficial setup, with Oprah’s full stake in the company reaching a value of more than $500 million along the way.

“I already Got rid of 20 pounds and ready for more.”

DJ Khalid’s huge following of over 3.4 million on Facebook, 3.92 million on Twitter, 8.9 million on Instagram and a reported 3 million to 4 million views for his Snapchat posts will definitely assist Weight Watchers. DJ Khaled may be needing some new clothes soon…

Check back with us for more updates!

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Gabrielle Union Fired From “America’s Got Talent” For Speaking Up About Racism & Sexism

Gabrielle Union was the #1 talent on network TV for 2019. ‘America’s Got Talent decided not to renew her contract after being the #1 talent on the show. Why?

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Season 14 of America’s Got Talent ran from May to September of this year, crowning Kodi Lee as its winner. Terry Crews was introduced as this seasons new permanent host, as well as the addition of Julianne Hough and Gabrielle Union as judges joining Simon Cowell and Howie Mandel at the judges table. The two replaced longtime judges Melanie Brown (Spice Girls) and model-host Heidi Klum.

On November 22nd multiple sources confirmed that Gabrielle Union & Julianne Hough would not be returning to the judges chair on their NBC hit show. According to reports from LoveBScott, the firing came as a result of Gabrielle Union speaking up about ‘problematic’ situations, including racism, sexism, and more.

A source from NBC told the outlet the following about Union’s reported firing:

“[Gabrielle’s] contract was not renewed after being the #1 talent on the show, NBC and network TV. She set the record for her Golden Buzzer. They only replace the women and blacks at Simon’s whim. She wouldn’t walk away from $12 million because she’s ‘busy.’ Based on weekly interactions on social media, by the time AGT finale aired Gabrielle was the #1 talent on network TV for 2019. Why not pick up someone’s option in extreme success?”

The source also alleges that the firing had nothing to do with either judge’s popularity–because both received more interactions than Howie Mandel, who still has a job.

“Social media engagement is the new measuring stick for talent and Simon isn’t on social media. Juliane and Gabrielle were both way higher ranked/engaged than Howie. The idea the network wants to ‘switch things up’ only applies to women and Black folks. Nick Cannon wasn’t crazy. He walked away from 8-figures over how [AGT] operates.”

Nick Cannon quit “America’s Got Talent” in 2017 after hosting 8 seasons. after being “threatened with termination by executives” over a joke he made about NBC on a Showtime comedy special.

“I was to be punished for a joke … My soul won’t allow me to be in business with corporations that attempt to frown on freedom of speech, censor artists, and question cultural choices. Not to get too detailed but this isn’t the first time executives have attempted to ‘put me in my place’ for so-called unruly actions,” he wrote on Facebook. “I will not stand for it. My moral principles will easily walk away from the millions of dollars they hang over my head.”

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Issa Rae Announces New Record Label, Raedio

Writer, director, producer, and now music executive.

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Issa Rae has launched a new business venture, “Raedio”, a record label in partnership with Atlantic Records.

“Music has always been an essential part of every project I do and working with emerging talent is a personal passion,” — Variety

The writer, director, producer, and now music executive took to Instagram to announce the first artist signed to Raedio, Teamarrr

Atlantic Records Chairman & COO Julie Greenwald said in a statement, “Issa Rae is a next-level, future-thinking creative force who’s been breaking down cultural barriers and conquering one field after another. She’s made music a central character in her artistic evolution, and now she’s brought all that amazing passion, inspiration, and taste to the formation of Raedio. We’re thrilled to be partnering with Issa and her team on this exciting new venture, and TeaMarrr is the perfect artist to launch with.” 

Issa Rae plans to service emerging artists and creators at the highest level. Raedio will provide music supervision for Issa Rae’s HBO show, ‘A Black Lady Sketch Show’ as well as other upcoming studio projects.

“Raedio allows me to continue that work within the music industry and audio entertainment space. The Atlantic Records team are innovators in terms of shifting and shaping culture. I’m excited to join forces with them to discover new artists.”⁣

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Suge Knight Signs Over Life Rights To Ray J

The founder of Death Row Records has entrusted his business handlings to Ray J while he spends time behind bars.

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According to TMZ, Suge Knight has trusted Ray J with his life rights provided that Ray J makes lucrative financial decisions on behalf of his name while he is in prison. Suge Knight was sentenced to 28 years in prison last year with credit for time already served. He ran over 2 men, killing record label owner Terry Kennedy leaving a Tam’s Burgers in Compton where Dr. Dre was filming footage for the 2015 NWA biopic ‘Straight Outta Compton’.

Ray J apparently already has plans with the new venture, reportedly shopping around new projects including documentaries about Suge Knight, Death Row, and a Tupac biopic. He potentially could even bring back Death Row Records if the right investors came along.

This is another lucrative investment for Ray J who already has successful business ventures in music, motorized scooters, headphones, and cannabis. His cannabis business negotiated a healthy $1 million deal back in August

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