Ray J, the businessman, strikes again! According to The Jasmine Brand, the superstar has officially announced plans to sell his shares in Raycon to launch a television platform, Tronix Network. The move includes his departure from Raycon Global, the company responsible for taking him to greater heights as an entrepreneur.   View this post on Instagram   A post shared by Ray J (@rayj) Per sources, Ray J aims to reshape the entertainment landscape through the launch of Tronix Network. “This isn’t merely about transitioning from one venture to another; it’s about seizing control of destiny’s helm and steering it towards his ultimate vision,” a source told the outlet. No stranger to making deals to propel him to the next level, Ray J previously described the sale of his Scoot-E brand as a blessing in an interview with AFROTECH™. “It was an interesting deal,” Ray J told AFROTECH™. “It was right before the pandemic, we sold it to a company called LOOPShare, out of Canada. Really good...

Ray J is creating his own lane. According to The Jasmine BRAND, the actor, singer, television personality, and entrepreneur will be launching a digital network. Although specifications on the new venture have not yet been disclosed, it’s been said that the network will feature original content. If the reports are in fact true, the move would come at a time when traditional television is facing competition as the growing interest with streaming giants like Netflix, Amazon Prize, Disney+, and Peacock continues. According to CNBC, “Nielsen, known for measuring television usage in the United States, said Thursday that 64% of time spent on televisions was on network and cable TV, while 26% of time was spent on streaming services such as Netflix and Hulu. Another 8%, categorized as “Other,” includes video-on-demand, streaming from cable set-top boxes, and other TV uses, such as gaming and watching DVDs.”

Social media has become the birthplace for content creation in the digital age, and users from all over are taking advantage of apps like TikTok to jumpstart their careers or internet fame. This year we witnessed influencers storm TikTok’s short-form visual platform with viral dances, funny skits, and calls to action. Above all, our increased support for Black TikTokers got them the recognition they’ve earned as trendsetters in pop culture. The uptick in TikTok’s influence in 2020 was the reflection of our reality living through both a global health pandemic and mass protests to condemn systemic racism in our society. The latter proved to be prevalent even on our social platforms that should be meant to provide equal opportunity. Unfortunately, there have been several mishaps this year where Black creators on TikTok have reported that they receive far less credit than other users on the app. Like many other platforms, TikTok has become a power play in bringing in potential revenue....