“When we look over at Byron Allen, this Civil Rights Act of 1866 being brought in the Supreme Court is a direct subversion, a challenge to White power. When we look at Jay-Z, we have to ask the question: ‘What is the NFL partnership? And why did you enter it?'”
–Byron Allen calls out Comcast and Justice Dept. for “institutionalized racism” after new brief filed
Moore also breaks down what’s the difference between being in partnership with White wealth versus being 100 percent Black-owned.
“When we look at Jay-Z, much of his wealth is a combination of partnerships with White capital. When we start off, three hundred million dollars of it is ace of spades. The next two hundred million dollars is cash investments, a third of which is an Uber investment. Part of a company doesn’t give you any control. The next section, when we look, is one hundred million dollars with Tidal, which is a partnership with Sprint. D’Usse’ is a partnership with Bacardi, that’s $100 million dollars… When we start to ask the question: what does it mean when Black billionaires are in partnership with White capital? Can they do Black politics?”
Moore takes his analysis further by breaking down the overall wealth of Byron Allen.
“Byron Allen, who over the last few years, has done partnerships that put him in rare air,” says Moore. “We start off with seven channels from AT&T, might have a valuation of a billion in and of themselves. We look at the Weather Channel, The Weather Channel is a billon dollar property. We look at the channels he just acquired from Bayou—which is four channels for a hundred and 65 million dollars and also the acquisition of the sports package from Disney. What you have in Byron Allen is largely 100 percent Black-owned wealth.”
Check out more of Moore’s commentary in the video above.