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Byron Allen’s Supreme Court Case vs Comcast Garners Support From Punch TV Studios & URBT TV (OTCMKTS:URBT) CEO, Joseph Collins
Byron Allen's Supreme Court Case vs Comcast Garners Support From Punch TV Studios & URBT TV (OTCMKTS:URBT) CEO, Joseph Collins
Joseph Collins, CEO of Punch TV Studios & Urban Television Network / URBT TV (OTCMKTS: URBT), today announced his support of Allen Entertainment Studios Network (ESN) founder Byron Allen in the racial bias lawsuit accusing cable television operator Comcast Corp of discriminating against Black-owned channels.
The Supreme Court ruling, due by the end of June, could impact the ability of plaintiffs to enforce claims under the Civil Rights Act of 1866 section 1981, a post-Civil War law that forbids racial discrimination in business contracts.
This case, currently being tried in the Supreme Court, began in 2011 when in an agreement with the NAACP, National Urban League, and National Action Network Comcast pledged to launch Black-owned television networks in order to receive federal approval to merge with NBCUniversal.
Based on this agreement, eight Black-owned television networks were to be selected. Comcast launched only four Black-owned television networks. Magic Johnson’s Aspire TV, which launched in 2012 and Sean “Diddy” Combs’ Revolt TV, which launched in 2013, were two of the television networks selected. Both networks are high-profile, celebrity-owned companies, yet neither company was currently broadcasting at the time of the agreement and neither company was supported by Comcast to succeed.
The Supreme Court ruling, due by the end of June, could impact the ability of plaintiffs to enforce claims under the Civil Rights Act of 1866 section 1981, a post-Civil War law that forbids racial discrimination in business contracts.
This case, currently being tried in the Supreme Court, began in 2011 when in an agreement with the NAACP, National Urban League, and National Action Network Comcast pledged to launch Black-owned television networks in order to receive federal approval to merge with NBCUniversal.
Based on this agreement, eight Black-owned television networks were to be selected. Comcast launched only four Black-owned television networks. Magic Johnson’s Aspire TV, which launched in 2012 and Sean “Diddy” Combs’ Revolt TV, which launched in 2013, were two of the television networks selected. Both networks are high-profile, celebrity-owned companies, yet neither company was currently broadcasting at the time of the agreement and neither company was supported by Comcast to succeed.
Byron Allen’s Supreme Court Case vs Comcast Garners Support From Punch TV Studios & URBT TV (OTCMKTS:URBT) CEO, Joseph Collins
“The agreement did not guarantee the channels a minimum number of subscribers, or fees per subscriber, to help the new networks succeed,” Paula Madison, a former executive vice president and chief diversity officer at NBC Universal said in a statement released by Entertainment Studios Network. “I shared these concerns with Comcast — that the African American networks would be positioned to fail — and Comcast made it clear that it was only committed to launching these networks, and not giving them the necessary distribution and economic support to succeed. Period.”
Punch TV Network, which launched in 2008, was currently broadcasting 24 hours a day to millions of homes, carried new and original content and is Black-owned. Urban Television Network (OTCMKTS:URBT) launched in 1986 and was the first Black-owned television network to be publicly traded. Despite meeting all of Comcast’s requirements, Comcast did not launch either television network.
“Comcasts refusal to carry additional Black-owned television networks appears to be unequivocally due to race and the short-sided management. We have been through the process. We have met with Comcast executives. We have been fighting this battle for nearly a decade. The racial inequality of Comcast channels is clear” said Punch TV Studios & Urban Television Network, CEO Joseph Collins. “Comcasts exclusion has not deterred us. This is an opportunity for us to develop our own telecommunications conglomerate.”
Punch TV Studios has the largest base of minority shareholders in the nation, with over 13,000 shareholders and Urban TV Network / URBT TV is the first minority owned television network in America.
Joseph Collins recently announced, the company launching of PunchFlix a streaming movie and television service.
“The agreement did not guarantee the channels a minimum number of subscribers, or fees per subscriber, to help the new networks succeed,” Paula Madison, a former executive vice president and chief diversity officer at NBC Universal said in a statement released by Entertainment Studios Network. “I shared these concerns with Comcast — that the African American networks would be positioned to fail — and Comcast made it clear that it was only committed to launching these networks, and not giving them the necessary distribution and economic support to succeed. Period.”
Punch TV Network, which launched in 2008, was currently broadcasting 24 hours a day to millions of homes, carried new and original content and is Black-owned. Urban Television Network (OTCMKTS:URBT) launched in 1986 and was the first Black-owned television network to be publicly traded. Despite meeting all of Comcast’s requirements, Comcast did not launch either television network.
“Comcasts refusal to carry additional Black-owned television networks appears to be unequivocally due to race and the short-sided management. We have been through the process. We have met with Comcast executives. We have been fighting this battle for nearly a decade. The racial inequality of Comcast channels is clear” said Punch TV Studios & Urban Television Network, CEO Joseph Collins. “Comcasts exclusion has not deterred us. This is an opportunity for us to develop our own telecommunications conglomerate.”
Punch TV Studios has the largest base of minority shareholders in the nation, with over 13,000 shareholders and Urban TV Network / URBT TV is the first minority owned television network in America.
Joseph Collins recently announced, the company launching of PunchFlix a streaming movie and television service.
Punch TV Studios seeks experienced video editor
Punch TV Studios Seeks Experienced Video Editor Full Job Description Punch TV Studios is looking for a video editor to create commercial content and is heavily improved using visuals that rely on Adobe Photoshop, After Effects and Premiere. A strong candidate will have examples of past work, ability to work across the entire Adobe Creative Suite, work under tight deadlines, be creative without the need to be micromanaged, be easy going and work well with others. Responsibilities: * Complete editing assignments in a timely manner and prepare content for final release on Funhaus’ YouTube and Social channels * Manage organization of projects, media and assets throughout the editorial process * Execute changes to your edits based off notes from producers, clients and/or management * Work between multiple projects on a given day while maintaining the highest form of quality. * Be current on industry trends and technologies to provide insight into current workflows * Work closely with producers and other teams in the production pipeline to ensure a collaborative, efficient logistical approach to creating content Qualifications: * 2+ years demonstrated experience editing video * Strong sense of storytelling and comedic timing * Highly proficient in Adobe Premiere, Adobe Photoshop, and Adobe After Effects * Knowledge of hardware and software required for video and audio format conversion and compression * Experience with multi-cam editing and workflowStrong interpersonal skills, a positive attitude, and the ability to thrive in a collaborative environment with multidisciplinary teams * Must have an understanding of video file formats, video analysis and metadata * Strong attention to detail and organizational skills * Proven ability to work effectively in a team environment & accept feedback/notes on work * Desire to further improve skills and techniques * Strong will and self-motivation to take on projects and complete tasks on time * Understanding of YouTube and internet content neededContact Us
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Punch is Recognized As Good Samaritan By Los Angeles Community Services
On National Good Samaritan Day in which all the unselfish actions performed to help those in need and celebrate kindness are recognized. This holiday emulates the tradition of performing good deeds for complete strangers and Punch TV Studios is diligently working to give back to the community as well.
The “Martin Luther King Jr. of Wall Street” Calls for Economic Empowerment
Punch TV Studios CEO Joseph Collins is receiving widespread support from all over the country for this rather unconventional Wall Street approach.
As one of only a few African-American CEOs of a public companies, Punch TV Studios CEO Joseph Collins launched his company’s Initial Public Offering (IPO) in June 2016. Projections currently estimate the company will generate more than half a billion dollars in annual revenue by year four post the IPO.
Master of Finance
Understanding how finance works can contribute both to the success of your organisation and the success of your home. The success or failure of the business will depend on the choices made by people at all levels and these choices will have implications for the finances of the organisation. Your decisions will affect the financial well-being of your organisation and understanding how this happens will help you to contribute more effectively and make better decisions. An understanding of finance is also very helpful for your personal life, as it helps you to feel more confident in making decisions.
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