I want to say right off the bat that I always support black businesses.
I hope these Blk Prime ventures are highly successful and become one of the biggest apps in the world, putting on the biggest fights the people want to see.
The main problem I have with Terence Crawford is who he is fighting. It is one thing not to fight Errol Spence Jr, but there were at least five better options than David Avanesyan. With that being said, with this being their first major fight on the platform, I will withhold judgment for now, even though I still believe there is a lot of blame on both sides for why the Crawford-Spence didn’t happen.
BLK Prime’s latest major announcement is that they have signed Adrien Broner to a three-fight deal for a guarantee of around $10 million. Crawford will be making anywhere between $5-$10 million to fight Avanesyan, so the question that a lot of boxing fans want to know is where the money is coming from.
After digging, the initial investment for Blk Prime comes from Silicon Valley EFC Investment Group. From the available information, their revenue is stated at around $5 million yearly, and they have been around since 2018.
BLK PRIME is an American entertainment company founded by the Silicon Valley EFC Investment Group that specializes in original media programming and provides global streaming video on demand. This Subscription Video on Demand service is providing entertainment in a variety of genres to viewers worldwide, filling a void in offering diverse entertainment to viewers around the world 24 hours a day.
At BLK PRIME, we all come to work every day to provide media and entertainment to independent thinkers, creative folks and everyone in between. Located in the hub of all things changes fast in the Bay Area, we want to keep our subscribers engaged, entertained and our content enjoyable. Our content may originate from Turkey to Taipei, but at the end of the day we want to give you more. Our philosophy is simple: Sometimes you don’t always get what your pay for, Sometime you get more. Experience BLK PRIME And Get More!
I looked around their app, and it seems like a mix between BET+ and DAZN.
It seems they will try to use a DAZN model where they will overpay for fighters and fights and hope they make it up in the backend with subscriptions. Broner says he feels the company is like Death Row, and he is Tupac and Terence Crawford, who he called his stablemate Snoop Dogg.
It should be noted that Pac was murdered, Suge is in jail, Death Row didn’t last very long in the grand scheme of things, and both Snoop and Dre left immediately.
Flip the page to hear AB speaking on his new partnership with Blk Prime.