Drake and his OVO co-founders sold 51% of the brand’s intellectual property to Authentic Brands Group for a reported $117.65 million, but as conglomerates continue acquiring Black cultural IPs, the bigger question is whether originators ever truly win.
Creator driven Fintech platforms are helping content experts monetize directly as this industry could roughly double in size and reach $480B by 2027.
Sony Music Publishing and Warner Chappell sued Anthropic for pirating songs to train its AI, but with $80 million in unmatched songwriter royalties already sitting unclaimed, an AI settlement alone will not fix what Black songwriters are owed.
Jeff Bezos’ family office backed five AI startups in a single month, including a $12 billion round for Prometheus, while Black founders received just 0.32% of U.S. venture funding all year. The wealth gap isn’t closing; it’s accelerating.
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