Facts
- Thread starter GAMETHEORY
- Start date
Black Wallstreet!!
They will use the military against us b4 we can own anything worth having.
They will use the military against us b4 we can own anything worth having.
He's right, but he's missing the context....
Robert "Bob" Johnson owned B.E.T. for a long time, but then the other channels became aware how large their audience was and that it was unifying......
Bob will never speak to this, but others have allueded that B.E.T. never got the revenue$$ they deserved from commercials/ads, sponsors for the award shows and from the numerous cable systems. That's why BET couldn't stay "black owned."
He was basically forced to sell BET to ViaCom / Universal to have a fraction of the wealth he deserved..... or keep the channel be forced to lay off people, shut the doors and leave the business at most breaking even, but more than likely in the negative.
Also, the Redstone family no longer owns a majority stake in Paramount/ Universal. Earlier this month Larry Ellison's family offered Paramount a "merger," more like an acquisition. So now the Ellison family has majority control of the new joint company.
At one point National Amusements, (the trust company set up by Redstone as the owner of Paramount) was worth over $120 billion, before the merger some analysts had it valued as low as $16 Billion...... hell of a drop for such a diverse group of properties.
Robert "Bob" Johnson owned B.E.T. for a long time, but then the other channels became aware how large their audience was and that it was unifying......
Bob will never speak to this, but others have allueded that B.E.T. never got the revenue$$ they deserved from commercials/ads, sponsors for the award shows and from the numerous cable systems. That's why BET couldn't stay "black owned."
He was basically forced to sell BET to ViaCom / Universal to have a fraction of the wealth he deserved..... or keep the channel be forced to lay off people, shut the doors and leave the business at most breaking even, but more than likely in the negative.
Also, the Redstone family no longer owns a majority stake in Paramount/ Universal. Earlier this month Larry Ellison's family offered Paramount a "merger," more like an acquisition. So now the Ellison family has majority control of the new joint company.
At one point National Amusements, (the trust company set up by Redstone as the owner of Paramount) was worth over $120 billion, before the merger some analysts had it valued as low as $16 Billion...... hell of a drop for such a diverse group of properties.
