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Paramount Global is in talks to sell its Black Entertainment Television network to a management-led investor group, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Dec 20 (Reuters) - Paramount Global (PARA.O), opens new tab is in talks to sell its Black Entertainment Television network to a management-led investor group, Bloomberg News reported on Wednesday, citing people familiar with the matter. The potential buyers include BET Chief Executive Officer Scott Mills and Chinh Chu, a former Blackstone executive who runs New York-based CC Capital Partners, the report said.Paramount is controlled by the Shari Redstone-led media company that owns 77% of Paramount's Class A voting shares. The entertainment conglomerate formed BET Studios in 2021 through a partnership with "Black-ish" creator Kenya Barris, actress Rashida Jones and "S.W.A.T" co-creator Aaron Rahsaan Thomas.Paramount had earlier this year mulled the sale of a majority stake in BET Media Group, which includes the BET cable network, BET Studios and VH1, drawing interest from the likes of Byron Allen, whose Allen Media Group's assets include The Weather Channel.
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The value of India investments across six of GQG's funds jumped to $9.9 billion compared with $4.4 billion a year earlier, according to data compiled by Bloomberg
Jain, known to like safe, defensive stocks and then make out-sized bets on them, grabbed investor attention globally when he bought into four Adani Group stocks in March — weeks after the Gautam Adani-led conglomerate was accused of corporate malfeasance by short-seller Hindenburg Research.The largest fund, GQG Partners Emerging Markets Equity Fund, bought JSW Energy Ltd., Patanjali Foods Ltd., Macrotech Developers Ltd., Max Healthcare Institute Ltd. and IDFC First Bank Ltd. for the first time between April and September this year. It added ITC Ltd.GQG Partners LLC, led by star investor Rajiv Jain, saw the value of its India portfolio more than double in little over a year, driven by winning stock picks that go beyond its headline-grabbing investments in the Adani Group.GQG added stocks across infrastructure, consumer goods and energy sectors in the India equity market which topped the $4 trillion mark last week, cementing its status as one of the best performers in the emerging world. India is getting much love from global investors eager for alternatives to China at a time when Prime Minister Narendra Modi’s nation-building drive has led to investment of billions of dollars for constructing roads, airports, bridges and power facilities.
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BET says it the network has apologized to Usher after an “audio malfunction” led to portions of his speech being “inadvertently muted" at BET Awards.
When Usher received the Lifetime Achievement Award during Sunday’s BET Awards, a good amount of his speech was muted. But BET has apologized to the singer, adding that an “audio malfunction” led to portions of his 13-minute speech being “inadvertently muted.”Usher received the Lifetime Achievement Award at Sunday's show and gave a 13-minute speech.Due to an audio malfunction during the live telecast, portions of his speech were inadvertently muted. We extend our sincere apologies to Usher as we couldn’t be more grateful for his participation in culture’s biggest night,” a BET spokesperson tells The Hollywood Reporter.“Fans can catch his full uninterrupted speech across BET platforms and tonight’s encore on BET.”
Paramount is engaged in exclusive discussions to sell BET in a deal valued at $1.6 billion-$1.7 billion to a group led by BET CEO Scott Mills.
Mills has led BET since January 2018, adding CEO to his title in 2021. He first joined BET in 1997 as senior VP of business development and rose through the ranks over the years to various senior roles. As COO of BET, he led the launch of its Centric channel and as president of digital media launched BET Mobile and BET’s digital video distribution operations.Paramount Global’s trio of co-CEOs have publicly said they’ve hired bankers to evaluate the sale of certain assets. Industry speculation has swirled around BET, which has been the target of acquisition offers in the past.Now Paramount Global is engaged in exclusive discussions to sell BET in a deal valued at $1.6 billion-$1.7 billion to “buyers that include” BET CEO Scott Mills and Chinh Chu, founder of private-equity firm CC Capital, Bloomberg reported, citing anonymous sources.In August 2023, Paramount called off the bidding process for BET because “a sale wouldn’t result in any meaningful deleveraging of its balance sheet,” according to a report by the Wall Street Journal at the time.
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Mojo raises fresh capital to commercialize micro-LED platform for AI.
The company frames its wafers-in, wafers-out micro-LED platform—300 mm silicon with GaN-on-Si emitters, quantum dots, and micro-lens arrays—as a path to higher brightness, bandwidth density, and lower power.The round was led by Vanedge Capital; returning investors include NEA, Edge VC, Fusion Fund, Knollwood, Dolby Family Ventures, and Khosla Ventures; new investors include Imec.xpand, Keymaker, Ohio Innovation Fund, and Hyperlink Ventures.Vanedge’s Moe Kermani argues the platform can “transform the performance of AI infrastructure and reach of AI applications,” while board member Achin Bhowmik calls micro-LEDs a “once in a generation” semiconductor technology approaching a commercial inflection.The check size and investor mix suggest real interest in micro-LED as an enabling layer for AI-heavy systems, and it’s reasonable to assume the lead and follow-on investors did meaningful diligence before committing.
When teams aren’t clinical with their chances against Arsenal, it usually ends poorly. We think the Gunners (-375) should come away with a win and have a better offensive showing than against Man United. David Raya led the Premier League in shutouts last season and Arsenal’s defense should ...
When teams aren’t clinical with their chances against Arsenal, it usually ends poorly. We think the Gunners (-375) should come away with a win and have a better offensive showing than against Man United. David Raya led the Premier League in shutouts last season and Arsenal’s defense should smother Leeds.Using our BetMGM bonus code GOALMAX, with $1500 in bonus bets to use on Saturday’s Arsenal vs Leeds Premier League clash at 12:30pm EDT (8/23).Both Arsenal and Leeds got off to winning starts in their Premier League openers. Use the BetMGM bonus code to choose which side will retain their perfect record.Using the links above, navigate to BetMGM’s website and make an account
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The most welcomed surprise for ... its RGB LEDs, which is basically unheard of and twice as high as the RGB CRI of the other strips. The SK6812 strip was the brightest of the addressable strips at 2062 lumens using only the white channel and also the most efficient at 827 lumens per watt, which is still relatively low compared to the non-addressable strips, but better than the 490-531 ...
The most welcomed surprise for me was that the newer WS2814 strips had great CRI numbers of 92.8 and 91.6, and the COB strip surprised me even more by managing a CRI score of 80.9 using its RGB LEDs, which is basically unheard of and twice as high as the RGB CRI of the other strips. The SK6812 strip was the brightest of the addressable strips at 2062 lumens using only the white channel and also the most efficient at 827 lumens per watt, which is still relatively low compared to the non-addressable strips, but better than the 490-531 lumens per watt of the WS2814 strips and miles ahead of the 201 lumens per watt of the RGB WS2815 strip.And because the dimming of each LED is controlled by a microcontroller on the strip itself, I also measured the flicker percentage of each strip, and found that they were all well within the acceptable range with the SK6812’s performing the best with around half the flicker percentage of the rest of the strips at each brightness level. And the last thing to consider for addressable strips is not only the distance in between the pixels, which we call the pixel density, but the size of each controllable segment.So overall for addressable strips, I like the 12V WS2814 non COB strip which is quite a bit cheaper than the rest at just $30 for 5 meters, or $6 per meter and has a great white CRI of 92.8, is controllable in 5cm segments of 3 LEDs and had an acceptable voltage drop of 1.12V over 5m, with the downsides being significantly lower brightness and efficiency than non-addressable strips. 12V SK6812 strips have been my go-to for years, and they do have better efficiency, higher brightness, and lower flicker, but in the future I think I’ll be migrating over to WS2814 strips for their higher white CRI value.So, to recap, my final recommendations in each category starting with the everything included kits are the Pautix Tunable COB LED strip for the best overall and the Govee Warm White strip for the budget option. In the strip only category the best performer overall was the Joylit 24V Warm White COB strip, the budget option was the LEPro 12 strips, and a good balanced option between budget and performance was the BTF Lighting FCOB warm white strip.
So far, she has defied the broader boredom surrounding celebrity-led brands. But maintaining her relevance remains essential. Six years ago, Coty Inc. placed a major bet on the Kardashians, paying $600 million for a majority stake in Kylie Cosmetics, which Kylie Jenner founded.
News people : Following its $1 billion acquisition of Hailey Bieber’s Rhode, Elf Beauty now faces the real challenge: sustaining growth in a crowded, skeptical celebrity beauty market with evolving Gen Z expectations.It also has experience managing celebrity and influencer-led brands: it acquired Naturium — the skincare label co-created by influencer Susan Yara and beauty-brand accelerator The Center — for $355 million two years ago, and it developed Alicia Keys’ brand.The fast-growing U.S. cosmetics company is paying a punchy price for its donut glaze. It must continue Rhode’s pace of expansion against a difficult economic backdrop and waning enthusiasm for products fronted by famous faces to prove that Bieber’s business isn’t just another influencer- or entertainer-led fad.There’s also the pressure from President Donald Trump’s tariffs. Elf makes about 75% of its products in China and will add $1 to all of its products globally on August 1 to reflect the levies. With so much to grapple with already, taking a big bet on a celebrity-backed brand looks like a surprising diversion.
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