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Athletes are leaning further into content creation to build a sturdy brand. While sports is a bridge between athletes and fans, content creation is another avenue that can further enhance the relationship. Now, more and more players are leaning into this in various ways to give fans a closer look into their lifestyles and interest. At the 2025 NAB Show (National Association of Broadcasters) held in Vegas, NV, PlayersTV Co-Founder Collin Castellaw was among the leaders gathered for a panel titled “Empowering Athletes: The Rise of Player-Owned Media in the NIL Era,” moderated by journalist Chris Smith on Tuesday, April 8, 2025. PlayersTV As AFROTECH™ previously told you, PlayersTV, established in 2020, is the first athlete-owned media network and content provider. It is currently backed by players that include Chris Paul, Kyrie Irving, Travis Kelce, Dwyane Wade, Carmelo Anthony, and Damian Lillard. The media network currently has nearly 70 professional athletes as owners, investors ,...
Antoine Walker, a 2006 NBA champion, wants athletes to learn from his financial mishaps. At 19 years old, he was drafted into the NBA in 1996 by the Boston Celtics and remained in the league for 13 years. Yahoo Finance reports his career earnings amounted to $108 million, including a six-year contract worth $71 million that he signed at age 21. While making all this money early on is an accomplishment, it also came with harsh learning lessons for Walker. “The money came so fast without the education,” he told host Ross Mac on the “Financial Freestyle” podcast. Walker’s first paycheck was tied to a $1.6 million payday, but after taxes, his actual earnings ended up being $800,000, he says. He came from “very humble beginnings” and had little understanding of financial literacy, particularly about taxes. This lack of knowledge, combined with excessive spending and real estate investments that went south during the Great Recession, contributed to his filing for Chapter 7 bankruptcy in...
Bobby Brown’s mother had a hand in his publishing deal that is still sending him checks today. Brown is an R&B crooner whose music career began with the boy group New Edition. The group was formed in the Orchard Park Projects of Roxbury, Boston, MA, and originally included Ricky Bell, Michael Bivins, and Brown. Ralph Tresvant and Ronnie DeVoe joined later, notes The Grio. Their claim to fame was participating in a talent show in 1983 where they finished in second place, catching the attention of musician and producer Maurice Starr. The group signed to Starr under a deal with a $500 bonus . “Our royalty check was like $168 but we got $500 to sign and a VCR… We didn’t know anything about it,” Brown acknowledged on the “Club Shay Shay” podcast with Shannon Sharpe . “All we wanted was to perform. All we wanted to do was make enough money to go to the movies, buy candy, date girls. That’s all we thought about. We wasn’t thinking about the longevity.” New Edition then released their debut...
Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. The turmoil over tariffs has taken center stage since President Donald Trump has started to make good on his campaign promise to Make America Great Again. His latest move is leveraging the tactic of tariffs to help bring back manufacturing jobs that he believes have been outsourced to other countries and should be available to people in the United States. However, having the goal of quickly bringing industrialization to a country has been tried elsewhere before. Mao Zedong of China, who formed the People’s Republic of China in 1949 and ran it until his death in 1976, tried what Trump is doing in the U.S. in China. It was called The Great Leap Forward and started in 1958. It aimed to change China from a country that relied on agriculture as its economic center to one that relied on industrialization instead. Similar to Donald Trump’s vision for industrialization, it included a focus on increasing...
In an era where the boundaries between technology, law, and culture constantly shift, Blake Richardson, Esq., is one of the few professionals standing firmly at the intersection. As chief legal officer at Gala Games, Gala Music, and Gala Film, Richardson navigates one of emerging tech’s most complex regulatory environments: blockchain. But her journey — from working behind the scenes at NBCUniversal, Lionsgate, and the Phoenix Suns to helping shape blockchain legal frameworks — is more than a personal evolution. It’s a case study in how legal minds are increasingly essential to the tech sector’s future. Understanding Legal Tech In The Age Of Blockchain At its core, legal tech encompasses tools that streamline how users interact with and interpret the law. From document automation and case law research to e-discovery platforms and client management systems, legal tech is transforming how firms and in-house departments operate. But as Reuters notes, it’s not just about efficiency —...
President Donald Trump has established an “America first” policy on tariffs and soon big changes will be evident, according to economic forecasting . The tariff war has already had drastic impacts on businesses and the stock market, so there are sure to be others. Along with the controversial federal funding cuts, there are a myriad of moving parts to keep track of as Trump enacts his executive orders. The American people and those abroad keeping abreast of the situation may not be caught up on their international taxation information . For anyone seeking uncomplicated answers, here’s a quick guide to how tariffs work and why they’re so relevant in 2025. How Do Tariffs Work? (Tyler Casey/Unsplash) In a conversation with UChicago News earlier this month, Professor Robert Gulotty explained, “Tariffs are federal taxes, set by Congress, and applied to goods at the border. Unlike income or sales taxes, tariffs vary by product and by the originating country.” These taxes on imported goods...
President Donald Trump’s 10% tariff on all countries took effect over the weekend, and on Monday, April 7, U.S. stocks fell by at least 20%, entering what is known as a “bear market,” CNN reported . According to Dictionary.com, a bear market — the opposite of a bull market — is a prolonged period of declining stock prices , generally defined as a drop of 20% or more from a recent high, though not a formal measurement. On Thursday, April 3, stock markets had already experienced their worst day since the start of the COVID-19 pandemic in 2020, AFROTECH™ reported. Then came Friday with another record drop. The S&P 500 index, which tracks 500 leading U.S. companies, fell by over 4%, marking a decline of more than 16% from its peak. The Russell 2000 index, which follows smaller U.S. companies, plunged by 5.3%. The tech-heavy Nasdaq Composite index — already in a bear market — had experienced a decline of over 5% on Thursday, marking its worst trading session in more than five years. It...
President Trump is back on his trade war wave — and this time, it’s rolling straight through the auto industry. With a fresh round of 25% tariffs on cars and auto parts set to take effect on April 3, people from the auto industry, from C-suites to dealership floors, are bracing for the impact. The administration says it’s about protecting national security and strengthening the U.S. manufacturing base. But if you’re thinking about buying a car this year, or if your job has anything to do with auto production, here’s the truth: You may be paying more, waiting longer, and dealing with fewer options. And that’s just the beginning. Why The White House Is Saying This Is Necessary According to an official statement from the White House, these tariffs on cars are aimed at keeping America safe. The administration is emphasizing that too many imports are “undermining” the “domestic industrial base” and weakening the U.S. supply chain. The idea is to hit foreign-made cars and parts with a 25%...
A portion of Notorious B.I.G.’s estate will now be handled by Primary Wave. As AFROTECH™ previously told you, a deal rumored to be in the “eight figures” was in the works between Notorious B.I.G.’s estate and the music publisher and involved half his publishing and master rights, including his rights to name, image, voice, and “other identifiable characteristics.” Notorious B.I.G.’s estate had been primarily run by his mother, Voletta Wallace, who was instrumental in securing stake from Bad Boy Records. Christopher Wallace, otherwise known as Biggie Smalls or Notorious B.I.G., had been one of the first artists to sign to the label owned by Sean “Diddy” Combs. Bad Boy Records had 50% stake in his songwriting catalog, Variety mentions. Voletta was able to increase the estate’s stake to 85% after arguing it was doing the heavy lifting in securing deals to license and monetize Notorious B.I.G.’s music. She then secured the remaining 15% stake in 2020. “Securing control of my son’s...
The crypto market is surging following a major regulatory shift. According to CNBC, XRP jumped 10% to $2.49 after Ripple CEO Brad Garlinghouse announced that the U.S. Securities and Exchange Commission (SEC) has dropped its case against the company. This decision marks the end of a four-year legal battle that has shaped the industry’s regulatory landscape and fueled speculation about a broader shift in the SEC’s approach. Ripple’s Long-Awaited Victory Speaking at the Digital Assets Summit in New York, Garlinghouse reflected on the drawn-out legal fight, calling it a painful yet necessary battle for the industry. “It’s been almost four years and about three months since the SEC originally sued us, certainly a painful journey in lots of ways,” Garlinghouse said. “I really deeply believed that we were going to be on the right side of the law and on the right side of history.” The SEC sued Ripple in 2020, alleging that the company sold XRP as an unregistered security. Ripple scored a...
If you missed out on your 2021 stimulus payment, there’s still time to claim what you’re owed. According to USA Today, the Internal Revenue Service (IRS) is giving eligible taxpayers another chance to receive up to $1,400 through the Recovery Rebate Credit. Are You Eligible For The Stimulus Payment? You may qualify for this Economic Impact Payment (EIP) if you: Filed a 2021 tax return but did not claim the Recovery Rebate Credit. Have not yet filed your 2021 tax return but do so before April 15, 2025. To check if you’re eligible, review your 2021 tax return. If the Recovery Rebate Credit section is blank or marked $0, you could still receive your payment. Filing before the deadline ensures you receive not only this credit but also any additional refund you may be entitled to. How To Claim Your Stimulus Money For those who already filed their 2021 tax return but didn’t claim the credit, there’s nothing else to do — the IRS began automatically distributing stimulus payments in...
For generations, the idea of retirement was wrapped in images of palm trees, golf courses, and pastel-colored condos lining the Florida coast. But for today’s retirees, those images are changing. The decision of where to retire is no longer just about sunshine and tax incentives; it’s about affordability, quality of life, and long-term stability. Instead of heading south, many retirees are opting for places like the Midwest, trading palm trees for pine forests, ocean waves for mountain peaks, and high insurance rates for financial security. And this shift isn’t random. For decades, Florida has been synonymous with retirement. The Sunshine State’s warm climate, tax advantages, and retirement-friendly communities made it the ultimate destination for older Americans. However, recent trends suggest that the tides are turning. A new study from Mirador Living, titled “Retirement Expectations vs. Reality: Factors that Impact Retirement Decisions,” reveals a surprising shift in where...
NBA star Jimmy Butler has brewed his love for coffee into a storefront in Miami, FL’s Design District. After teasing the concept for some time, the Miami Heat star officially opened his first BigFace Coffee shop on Dec. 5, 2024, according to Axios. The café boasts a chic interior design, a selection of merchandise including hats and jerseys, and an outdoor courtyard featuring ample seating. “This is a dream of mine,” Butler said at the grand opening, CBS News reported . “I get to come in here, chill out, meet people, vibe out, and become friends. Coffee is life. It’s how I start my mornings, watching my daughter play while I enjoy a cappuccino. For me, that’s the quintessential coffee experience.” View this post on Instagram A post shared by La Marzocco USA (@lamarzocco.usa) Besides Butler, other basketball figures at the grand opening included Carmelo Anthony , Heat center Kevin Love, and former NBA guard Brandon Jennings, according to Axios. DJ Khaled and French footballer...
Nearly 630,000 Fortnite players were reportedly “tricked” into making purchases through the game and will receive a refund. According to a press release, the Federal Trade Commission (FTC) has reportedly accused Fortnite developer Epic Games of leading gamers to make “unwanted purchases” by carrying out tactics through its game button configuration. “For example, players could be charged while attempting to wake the game from sleep mode, while the game was in a loading screen, or by pressing an adjacent button while attempting simply to preview an item,” the press release from the FTC read. It had also been brought to light that Epic Games had allowed minors to accumulate charges without parental approval and blocked gamers who filed disputes of unauthorized charges, preventing them from obtaining items they had purchased. For these reasons, the company received an order from the FTC to refund players in December 2022 who had been subjected to these “unlawful billing practices.” The...
The Forbes Union has walked out after publishing the company’s annual “30 Under 30” list. The list’s Class of 2025 features individuals across industries such as sports, entertainment, energy and green tech, artificial intelligence, food and drink, venture capital, marketing and advertising, science, and gaming, among others. Boston Celtics player Jayson Tatum, country artist Shaboozey , actress Ryan Destiny, Miss EmpowHer founder Caitlyn Kumi, and Foundry Technologies founder Jared Quincy Davis are some of the individuals listed. View this post on Instagram A post shared by Forbes (@forbes) A total of 600 individuals are featured, collectively contributing $3.6 billion in funding and amassing over 300 million followers across social media, Forbes states. Unsurprisingly, the list generates significant buzz and excitement among readers. It’s precisely for these reasons that editorial staffers made a calculated decision to stage a walkout, drawing attention to a three-year-long...