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.


Black Twitter's Reactions to the Royal Wedding are Priceless

"When you're about to throw some seasoning on the proceedings."

The Royal Wedding happened this morning at St. George's Chapel at Windsor Castle in England, where Prince Harry and Meghan Markle solidified their union with a grand ceremony surrounded by friends, family and loved ones.

Around 600 guests were in attendance for the affair, including Oprah Winfrey, Idris Elba and Serena Williams just to name a few.

Markle is now the first melanin-possessing person to become part of the British royal family, as her official title is now Duchess of Sussex.

The entire event was streamed live on Twitter, and of course the internet had quite a lot to say about it.

Folks have been sharing their commentary all morning, with many on Twitter highlighting some of the ceremony's "blackest" moments, and sharing funny quips about pretending not to care about the wedding, but watching anyway.

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Image courtesy of Jo Griffin

This Tanzanian Girls' Football Team Came Second in Moscow but Feel Triumphant

Meet the highflying Tanzanian girls' football team, stars of this week's Street Child World Cup.

With a huge smile and surrounded by some of her new friends from 20 different countries at the Sapsan Arena in Moscow, Asteria Robert, the 14-year-old captain of the Tanzanian girls' football team, takes in the atmosphere following the final of the Street Child World Cup.

"When we left we couldn't believe we could reach this level and we're so glad we got this far in the tournament," says Asteria, after leading her team on to the podium to receive medals and a trophy for coming in second place.

The Street Child World Cup is a football tournament for children all over the world who have experienced homelessness or are considered at risk of living on the streets. It takes place before the FIFA World Cup.

After a high-octane performance with many chances at goal, the Tanzanian girls were defeated 1-0 by a team from Rio de Janeiro at the stadium—a stone's throw from Lokomotiv, home of the newly-crowned Russian Premier League champions. Some of the girls slumped on the floor at the final whistle but soon gathered themselves to show sportsmanship and congratulate the winners from Brazil

The final game was live-streamed by Goal and seen by more than 130,000 people. In the stadium the team were cheered on by teenagers from across the world, banging drums and waving the Tanzanian flag.

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Supplied.

Swaziland’s Rendition Croons About Love & The Hustle On His Debut EP ‘Art.Love.Magic’

Listen to Rendition's debut EP.

Rendition is a producer from Swaziland, whose debut EP we are premiering here. Rendition has produced for a handful of artists such as uSanele, Una Rams, Just Robyn, 80 Script, among others.

On the EP, which is titled Art. Love. Magic, and was recorded at Red Bull Studios in Cape Town, Rendition croons about relationships ("On My Way," "Need Some More," "Crazy Love") and the hustle ("Overtime"), with the aid of autotune.

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