3 posts tagged “bet jazz”
This is a campaign against the powers that distributes music. Protesting is taking place at Debra Lee's home who is the CEO of Black Entertainment Television. They are not attacking her directly but using her as an example of one of the powers in the industry that can demand change.
BET is owned by Viacom. In 2000, BET was bought by Viacom for $3 billion dollars. As you can tell, this is a lucrative industry from a management side. Viacom is white owned and BET was black owned but had white backers. Both communities are at fault so just do not put the blame on one person.
Don't ever forget that C. Delores Tucker and Tipper Gore were very vocal about these issues in the late 1980s through the 1990s.
I am aware that Tipper Gore was attacking Prince who I adore but I was a kid too. Fortunately, my mother just did not allow me to go to his concerts or even read about him. So, at 33 I am truly discovering who Prince is all about. I did not even understand the lyrics as a child, but I was hip to the beat of his music as a kid. We are all guilty of this so do not attack me on this because you know you are guilty too.
[from http://www.businessweek.com/bwdaily/dnflash/dec2001/nf20011228_7933.htm]
8. Viacom's $3 billion deal to buy BET
The deal, announced at the end of 2000 but completed in early 2001, was
a wakeup call to other media companies that the hottest cable and TV
properties would soon be gone. With its 62.4 million households in the
U.S., and 24-hour Jazz Network channel that's seen in 14 other
countries, Black Entertainment Television has established itself as the
preeminent media outlet for the African-American audience. Given BET's
steady revenue stream from cable subscribers, the purchase was also a
hedge against Viacom President Mel Karmazin's strategy of betting on
advertising revenues.
Viacom's BET deal soon sent buyers to Hispanic TV broadcasters
Univision and Telemundo, which, like BET, serve fast-growing niche
audiences. NBC bought Telemundo, while Viacom is still lusting after
the larger Univision. The price BET got from Viacom also prompted Haim
Saban, Fox Family Channel's 50%-owner, to force News Corp. to put their
jointly owned channel up for bid, which was bought by Disney (see No.
6).