LeBron Launched New Media Empire With $100M Investment, Intends To ‘Move The Culture’


NBA star LeBron James and one of his childhood friends launched a media company earlier this year “designed to move the culture.”James and his business partner, Maverick Carter, launched SpringHill Co. on March 11, the same day that the NBA su-spended its season because of the pande-mic.

The company launches with an initial $100 million in funding, Bloomberg reported on Thursday.

James will continue his career in professional basketball and work on company projects such as staring in “Space Jam: A New Legacy,” a movie set for release next year. The basketball star will also use his image to promote and guide the company, while Carter will be directly involved with the company’s operations.

“This is ultimately a company that’s about point of view, the community you serve, and empowerment,” said Los Angeles investment banker Paul Wachter, who aided James and Carter. “This is a company designed to move the culture.”The company’s primary focus will be telling stories from the perspective of people of color in America.

“When we talk about storytelling, we want to be able to hit home, to h-it a lot of homes where they feel like they can be a part of that story. And they feel like, Oh, you know what? I can relate to that. It’s very organic to our upbringing,” James said

James is outspoken on political issues, especially those related to the NBA and the bla-ck community in the United States. He is a supporter of Colin Kaepernick, a bla-ck former NFL quarterback who set off a wave of prote-sts by kneeling during the Star Spa-ngled Banner before football games in 2016 and early 2017.

“I am not going to stand up to show pride in a flag for a country that oppresses bl-ack people and people of color,” Kaepernick said at the time. He has not played for an NFL team since Jan. 1, 2017, after leading the San Francisco 49ers to a 2-14 season.James has said the NFL should apologize to Kaepernick, “a man who basically sac-rificed everything for the better of this world.”

James has also so-called that blac-k people are systemically discr-iminated agai-nst through law enfo-rcement and voter suppression.

His outspoken stance on civil rights in the United States has earned him crit-icism as a hypoc-rite on matters relating to China. Last year, prote-sts in Hong Kong aga-inst the cre-eping influence of China’s totalitarian government spa-rked a wave of support for the prote-sters in the U.S.

Houston Rockets’ General Manager Daryl Morey prompted backla-sh aga-inst the NBA from Chinese authorities when he tweeted support for Hong Kong prote-sters. James said Morey’s tweet was mi-sinformed and an example of what “can happen when you’re not thinking about others and you’re only thinking about yourself.”James told Bloomberg that the incident with Morey taught him to “keep an open mind.”

This Article First Published On DAILYWIRE