It has been confirmed that Facebook co-founder and CEO, Mark Zuckerberg, has purchased popular photography app, Instagram, for $1 billion in cash and shares.
The Instagram acquisition is one of the largest in Facebook history, and according to Zuckerberg, the company does not plan on doing many more of these transactions, if any. Zuckerberg, who
this morning, does not plan on making any changes to Instagram as of yet.
“We believe these are different experiences that complement each other. But in order to do this well, we need to be mindful about keeping and building on Instagram’s strengths and features rather than just trying to integrate everything into Facebook,” wrote Zuckerberg.
“That’s why we’re committed to building and growing Instagram independently. Millions of people around the world love the Instagram app and the brand associated with it, and our goal is to help spread this app and brand to even more people,” he added.
Zuckerberg also stated that the 30 million Instagram users on Android and iOS would still be able to post their photos on other social networks besides Facebook.
There are currently a plethora of Hip-Hop artists on Instagram, including Rick Ross , Tyler the Creator, Cam’Ron, Big K.R.I.T., Fabolous, Snoop Dogg, and many others.
According to Facebook’s press release, the transaction will be completed later this quarter.
by Gina Torres
POWER 96 ANNOUNCES A CHANGE IN THE MORNING SHOW
Power 96 W-POW, a Beasley Broadcast radio station in Miami, Florida, announces a change in its morning show line-up. Effective today, DJ LAZ, who has been with the station for 22 years, has decided to move on and explore other professional opportunities. He shares that he “wishes the Power 96 family the best of luck” and Vice President Market Manager Joe Bell adds that “those of us at Power 96 wish DJ LAZ success and happiness in his new endeavors.”
Co-hosts Afrika and The Big Lip Bandit, both of whom are veterans in the market, will continue in morning drive. The station is currently scouring the Nation for a third member of the morning show team. The Power 96 morning show airs 6:00am – 10:00am weekday mornings. For more information about Power 96, please visit www.power96.com
Vice President & Market Manager
Beasley Broadcast Miami
A variety of popular urban comedians will star in the upcoming stoner flick, “Budz House.”
Comedians/actors Wesley Jonathan, Faizon Love, Emilio Rivera and Luenell are starring in the movie “Budz House,” which is being produced by Royal Court Productions and Phase 4 Films.
The comedy centers around Bud Howard (Wesley Jonathan) and his friends, who discover a giant bag of Kush marijuana.
When they find out to belongs to a local drug lord, they stash it under their house.
The marijuana accidentally becomes fertilized and begins growing, so Bud and his friends begin selling “super weed.”
But they soon become the targets of local gangsters, Mexican Mafia, crooked cops and even Buds’ mom.
Casey Cameron directed “Budz House,” which was shot in Los Angeles over the course of 12 days.
In addition to Faison Love, “Budz House” stars JT Jackson as “Jpeezy,” Aaron Scotti as “Pretty Tony,” and Jorge Diaz as “Ooley.”
by Grouchy Greg
Lil Wayne Skateboards Outside Miami Beach Community Church, Threatens Photographer
Lil Wayne loves skateboarding. But when a photographer’s flashbulb ruins his ollie, that’s just fucked up.
Last week, according to a TMZ video, Dwayne Michael Carter Jr. was skateboarding ’round Miami Beach Community Church — a United Church of Christ congregation at 1620 Drexel Avenue with a strict “No Skateboarding” policy — when a photographer shot a pic of Wayne breaking the law.
“You’re nobody, man,” the photog yells after Wayne’s entourage allegedly surrounds him.
“Then why you taking pictures of nobody?” Weezy responds. “Come back and talk to nobody. Watch what nobody do to your fucking face.”
Following the altercation, the photographer filed an incident report with the Miami Beach Police Department, alleging that one of Lil Wayne’s crew members spat on him while another smashed his bicycle with a skateboard.
Wayne’s camp has yet to comment on the allegations, and the rapper has gone about business as usual. In fact, rather than worrying about potential criminal charges, Weezy spent Easter Sunday watching the Masters Golf Tournament.
By Victor Gonzalez
Hot 97 Announces First Round of Performers For Summer Jam
New York up radio station Hot 97 has announced the first round of performers for its annual Summer Jam concert.
Pusha T, Kendrick Lamar, School Boy Q and Big Krit have been confirmed as artists for the Festival Village Stage, during Summer Jam.
The artists are part of the pre-show events taking place for Summer Jam, which is expected to draw over 50,000 people.
More artists will be announced over the next several months leading up to Summer Jam, which will take place June 3 at the MetLife stadium in New Jersey.
Tickets for Summer Jam tickets range from $45-$200.
by Grouchy Greg
50 Cent Joins New Film “The Tomb” With Sylvester Stallone and Arnold Schwarzenegger
50 Cent has just signed on to star in director Mikael Hafstrom’s upcoming action film team-up alongside Sylvester Stallone and Arnold Schwarzenegger called The Tomb.
As reported by
Variety, The Tomb finds Stallone playing “an expert on structural security who is framed and put in a high-security prison of his own design. He must put his skills to the test to find out who put him there.”
The cast of The Tomb also includes Jim Caviezel and Amy Ryan, as well as Vincent D’Onofrio and Vinnie Jones who previously starred in the direct-to-video film Fire With Fire with 50 Cent. There is currently no word on the role that 50 Cent will play in the film.
The Tomb will not be 50′s first “all-star” team-up, as he previously co-starred in the 2008 film Righteous Kill alongside Academy Award-winners, Robert DeNiro and Al Pacino.
50 Cent, who is repped by CAA and attorney Aron Baumel, has an upcoming slate of features that includes: Fire With Fire with Bruce Willis, Vengeance with Danny Trejo, Freelancers with Robert De Niro and The Frozen Ground with Nicolas Cage, all of which are set for release later this year.
The rapper turned thespian will also be appearing on an upcoming episode of the SyFy reality series “Dream Machines,” where he will have a custom, futuristic spaceship-inspired Formula One race car created by Parker Brothers Concepts. The episode airs on April 10 on SyFy.
The Tomb is scheduled to hit theaters in Summer 2013.
by JP DelaCuesta