Richelieu Dennis of Shea Moisture Buys Essence Magazine From Time, Inc.

This power move makes the veteran publication 100 percent black-owned again.

ESSENCE magazine, the veteran publication owned by multi-platform media company Essence Communications Inc., has been acquired by Essence Ventures LLC, an independent, black-owned company founded by Shea Moisture's Richelieu Dennis.


The publication has been on the hunt for a buyer since its previous owner, Time Inc, did not make Essence magazine a part of it's sale to the Meredith Corp. in November 2017, says The Root.

According to a press release, ESSENCE President Michelle Ebanks will continue at the helm of the company and will also join its board of directors. The all black female executive team at ESSENCE will have an equity stake in the business.

"This acquisition of ESSENCE represents the beginning of an exciting transformation of our iconic brand as it evolves to serve the needs and interests of multigenerational Black women around the world in an even more elevated and comprehensive way across print, digital, e-commerce and experiential platforms," Ebanks says. "In addition, it represents a critical recognition, centering and elevation of the Black women running the business from solely a leadership position to a co-ownership position."

Through this power move made by the Liberian-American entrepreneur, ESSENCE will focus on expanding its digital businesses via distribution partnerships, compelling original content, and targeting client-first strategies. The brand also plans to expand its international growth.

"We remain committed to leveraging our resources to provide opportunities for other culturally-rooted entrepreneurs and businesses that further our culture and create economic opportunities for our communities," Dennis says. "Our focus here will be on ensuring that Essence reaches its full potential via heightened capabilities, technology, products and touch points that super-serve the interests of Black women locally and globally. We look forward to helping generate new opportunities that create more value across the ESSENCE portfolio with unmatched content, commerce and international access for the millions of women it serves, as well as exceptional value for our advertising partners and content creators."

Congratulations are in order, and the reactions on social media are nothing less of that.


This YouTube Account Is Sharing South African Audiobooks For Free, And We Are Here For It

Listen to audiobooks by Steve Biko, Bessie Head, Credo Mutwa, and more.

Audio Books Masters is a YouTube channel that uploads audio versions of South African books and short stories.

Recent additions include Life by Bessie Head, Crepuscule by Can Themba, Indaba, My Children by Credo Mutwa, among others. South African poet Keorapetse Kgositsile, who passed away three weeks ago, also gets read. You can listen to his poem No Serenity Here. More books you can stream include I Write What I Like by Steve Biko, Africa is my Witness by Credo Mutwa, among others.

Audio Book Masters was started by two friends, Bonolo Malevu (24) and Hahangwivhawe Liphadzi (23).

Malevu is a University of Pretoria BA Drama graduate, who is currently doing his LLB. Liphadzi is an LLB graduate, who is completing his LLM this year.

"I found a hobby of narrating books to craft my art skill after reading Credo Mutwa's Indaba, My Children," says Malevu in an email to OkayAfrica. "After reading the prologue, I knew that this book was meant to be converted [to] many different formats such as stage plays, series, movies and audiobooks."

Then came the idea of creating a YouTube channel. That was when Malevu teamed up with Liphadzi.

They both bought themselves high quality recorders, and started reading, recording and uploading.

Authors from the olden days such as RRR Dhlomo and HIE Dhlomo, whose audio versions of their books are available on the channel, are older than 50 years and their copyrights have since expired.

The rest, though, Liphadzi and Malevu say they are trying to get in contact with the publishers, but it's not easy.

"We have contacted the Department of Trade Industry (DTI) regarding this issue," they say. "We have been in contact with various copyright holders and we are still in the negotiation process. However we are finding it difficult to contact certain publishers, and the consistent uploading of their books is to attract their attention."

The two friends say they started the channel to bring books closer to people who otherwise wouldn't have access, and to get people to appreciate literature, especially African authors. "We want to bring such literature to the digital age in the form of storytelling which has been a unique African form of literature," they say. "The channel also helps develop our voices as we are a voice company that offers all kinds of voice services. We also identified how South African authors lack audio books, and found that there is a gap in this market, and this could really create many job opportunities in South Africa."

The two are currently developing stories in indigenous languages for children in English medium schools. "This is drawn from the fact that in such schools, a lot of African students struggle to speak their own native languages. So we approach various schools to sell them such literature. We are freelance voice over artists who also do radio, content production, news reading and radio adverts."

We are so here for this.

Subscribe to Audio Books Masters' YouTube channel and follow them on Twitter.

Nigerian Actor Sope Aluko On How She Landed a Coveted Role in ​'Black Panther​'

Marvel's Black Panther is already on the brink of being a blockbuster, as it already broke box office records within the first 24 hours of it's pre-sale. Beating Captain America: Civil War's record in 2016, Fandango reports results from a user survey, stating Black Panther was 2018's second most-anticipated movie after Avengers: Infinity War.

One up-and-coming actor who will star alongside Lupita Nyong'o, Chadwick Boseman and Michael B. Jordan (to name a few) is Sope Aluko. Come February 16, we'll see the Nigerian-born actor play 'Shaman' in the film. Her previous credits include recurring roles on Netflix's “Bloodline," NBC shows “Law & Order SVU" and “Parks & Recreation" and guest appearances on USA Network's “Burn Notice" and Lifetime's “Army Wives."

Her film credits include supporting roles in feature films including Identity Thief, 96 Minutes, Grass Stains, The Good Lie and more. Raised in the UK, Aluko studied acting at the London Academy of Music and Dramatic Arts (LAMDA) and the Royal Academy of Dramatic Arts (RADA). Aluko speaks four languages, including her native language, Yoruba, French, and Bahasa, an Indonesian language.

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Femi Kuti Spreads Some Much-Needed Peace In the Video For 'One People One World'

Watch the music video for the first single off Femi Kuti's upcoming EP "One People One World."

Femi Kuti drops the music video for his single "One People One World," the title song from his forthcoming 10th studio album.

The energy boosting music video sees Femi Kuti delivering an electrifying performance in the Kuti family-owned New Afrika Shrine in Lagos.

On the track, the accomplished musician promotes an unwavering message of peace and unity—things that the world could perhaps always use more of, but especially so in today's Trump-dominated political climate. His message of positivity is illustrated with graphics that appear throughout the video, showing various country flags and symbols of love and peace.

"Racism has no place, give hatred no space," Kuti sings atop brassy instrumentals. "Let's settle the differences, it's best to live in peace. Exchange cultural experiences; that's the way it should be," he continues.

"One People One World," (the album) is a plea towards global harmony and solidarity. When you look at what's going on in Africa, Europe and America, it's important to keep the dream of unity alive," the artist told OkayAfrica in November.

"When I was a boy, I listened to funk, highlife, jazz, folk songs, classical music and my father's compositions, so you will hear those things in the music."

"One People, One World" by Femi Kuti and his band, the Positive Force, drops on February 23 via Knitting Factory, and is now available for preorder.

Femi Kuti, 'One People One World' cover.

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