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‘Black Panther’: All The Box Office Records It Broke (And Almost Broke) In Its $235M Debut

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The numbers are in and Black Panther is a monster hit. More than that, it has already earned a place in the box office history books in just its first three-to-four days of release. The movie earned a $201.8 million Fri-Sun weekend and will earn an estimated $235m over the Fri-Mon holiday. So, without further ado, I wanted to take a moment to note the copious big ways that the Ryan Coogler-directed/Chadwick Boseman-starring superhero spectacular has already planted its flag in the sand. Please enjoy eight box office records that Black Panther has already broken and ten more where it came awfully close to the top of the mountain. Let’s put “All the Stars” or “Opps” on your music device of choice, open up that Box Office Mojo tab and dive in!

Marvel Studios’ BLACK PANTHER..L to R: Ayo (Florence Kasumba) and Okoye (Danai Gurira)..Ph: Film Frame..©Marvel Studios 2018

Biggest February opening weekend:

The previous high-water mark for a February opening weekend was Deadpool with $132 million over the Fri-Sun frame and $152m over the Fri-Mon Presidents Day weekend. While Black Panther lacked the Valentine’s Day advantage (Feb. 14 fell on a Saturday that year), it also played in 3D and had a PG-13 rating. Either way, it earned around 52% more than Deadpool and 148% more than Fifty Shades of Grey (which also had a Valentine’s Day Saturday advantage).

Point being, February has a new king of the box office. Oh, and it still had a terrific 2.66x weekend multiplier (The Avengers had a 2.58x multiplier without a Monday holiday), which makes sense given the A+ Cinemascore. It’s not the highest multiplier for an MCU opener, but it’s near the top of the food chain alongside their big November openers (Thor 2, Thor 3 and Doctor Strange).

Biggest non-sequel opening weekend:

Unless you want to count The Avengers as a non-sequel (which you should not, since it literally plays as a sequel to Iron Man 2, Thor and Captain America: The First Avenger), then Black Panther has the second-biggest non-sequel debut of all time. But absent that, Black Panther (an almost entirely stand-alone movie) has the new record for the biggest Fri-Sun launch for a non-sequel/prequel, displacing The Hunger Games which opened with $152m in March of 2012 (in 2D). And yes, it took this record even when accounting for inflation.

Biggest solo superhero launch of all time:

Since it opened above the $174 million opening weekend of Iron Man 3, Black Panther has the new milestone for a solo superhero Fri-Sun debut. Yes, I count Captain America: Civil War as an ensemble film (or at the very least a Captain America/Iron Man two-hander), but since Black Panther topped that film’s $179m Fri-Sun debut that’s somewhat trivial.

The only other bigger comic book superhero launch is The Avengers. If you want to play the inflation game, which is fair, the solo Black Panther adventure would be in fourth-place just behind The Dark Knight ($158 million in 2008 sans 3D, $202.5m adjusted for inflation), Avengers: Age of Ultron ($191m/$203.9m and The Avengers ($207m/$234m). By the way, if Black Panther ends up as frontloaded as Spider-Man 3 ($151m debut in 2007, which could be $201m today, for an eventual $336m domestic cume), it still gets to $445m domestic.

Biggest Fri-Sun opening weekend for a long holiday debut:

This is another one it swiped from Deadpool, as the MCU flick has now earned more money in its Fri-Sun frame than any movie ever that had an extra day before or after its conventional Fri-Sun opening weekend. It goes without saying that the Fri-Sun figure may have been even bigger without Presidents Day soaking up some of the demand. But I think all parties will find a way to cope, and Presidents Day weekend has a long history (Daredevil, Ghost Rider, Kingsman, Deadpool) of comic book movies breaking out.

Biggest long holiday opening weekend:

In terms of all “long weekend openings,” be they four days or six days, Black Panther’s estimated $235 million four-day launch (which could go up) is ahead of the $200 million Wed-Sun debut of Paramount/Viacom Inc.’s Transformers: Revenge of the Fallen, the $180 million six-day Independence Day weekend openings for Transformers: Dark of the Moon and Spider-Man 2 (the latter in 2D way back in 2004), the $158 million Thurs-Sun opening of Star Wars Episode III: The Revenge of the Sith, the $156 million Fri-Mon Memorial debut of Pirates of the Caribbean: At World’s End, the $156 million Tuesday-to-Sunday Independence Day weekend debut of the original Transformers and the $152m Fri-Mon opening of Deadpool (in 2D and with an R-rating).

Biggest opening weekend ever for any movie not directed by a white guy:

There is going to be a lot of talk about how the blow-out domestic and international box office triumph disproves conventional wisdom about what kind of folks must be the leads in big movies to make big bucks, but we should have already known that for years now (12 Years a Slave and Moonlight both made more overseas than in North America).

But Black Panther’s boffo opening is the biggest opening ever for any movie not helmed by a white guy, displacing James Wan’s Furious 7 (which earned $1.5 billion worldwide despite/because of a diverse cast). Although I’m sure they are all rooting for each other, I’d like to think that Wan or Patty Jenkins is sitting in a swivel chair right now petting an (evil) cat and plotting his or her revenge.

By the way, since The Force Awakens was sold as a Daisy Ridley/John Boyega two-hander, I would argue that said Star Wars story still counts as the biggest opening for a movie starring a minority actor.

Biggest-grossing movie (in North America) directed by a black filmmaker:

With at least $235 million in four days, it has already passed the (2D) domestic total of F. Gary Gray’s Fate of the Furious. Sure, it has some work to go to catch up with Fate of the Furious’ $1.1 billion global total, but after this weekend, with a $404m+ worldwide launch, that pie-in-the-sky scenario isn’t entirely implausible.

Biggest pre-summer opening weekend:

Black Panther has the fifth-biggest Fri-Sun debut of all time. And since two of the bigger ones were Star Wars movies in mid-December and the other two were summer flicks (Avengers and Jurassic World), Black Panther has dethroned Batman v Superman ($166 million) as the biggest pre-summer opener of all time.

2nd-Biggest comic book superhero opening weekend:

Among all comic book superhero movie opening weekends, the Fri-Sun frame stands behind only The Avengers ($207 million). It snagged a bigger opening weekend than Batman v Superman: Dawn of Justice ($166m), making it “bigger” than any DC movie ever (sans inflation). Heck, if you want to be a jerk about it, Black Panther has already outgrossed Justice League ($228m) in North America.

If we play the inflation card, then Black Panther is just over/under the likes of Spider-Man 3 ($201.6m adjusted), The Dark Knight ($202.5m adjusted) and Avengers: Age of Ultron ($203.9m adjusted). Sure, it’s behind The Avengers ($234.5m adjusted), but it only needed four days to gross that amount, and those flicks didn’t have an extra holiday messing with the Fri-Sun total.

2nd-biggest Sunday gross:

With the final estimates now counted for the Fri-Sun frame, Black Panther’s $60.096 million Sunday gross is down just -8% from Saturday and $9.5m more than the “pure” $50.6m Friday gross. It is the 33rd-biggest single-day gross. But it’s also the second-biggest Sunday gross of all time, behind only Star Wars: The Force Awakens ($60.5m). If you want to play the inflation card, it is the fourth-biggest Sunday behind The Avengers, The Force Awakens and Jurassic World.

3rd-biggest four-day gross:

With at least $235 million in four days, it sits behind only The Last Jedi ($241m) and The Force Awakens ($288m) among the biggest four-day totals. Again, if you play the inflation card, we’re still looking at the fifth spot on this list, with The Dark Knight sneaking past the Black Panther. We’re hearing rumblings of a bigger-than-anticipated Monday, one that could push the MCU movie past The Last Jedi, but I can update quickly enough if the occasion arises.

3rd-biggest non-summer opening weekend:

As of now, Black Panther’s Fri-Sun frame is the fifth-biggest overall launch of all time. And of those four bigger debuts, only two of them (The Force Awakens and The Last Jedi) opened outside of the core summer season. And yeah, if you account for inflation, Black Panther remains the third-biggest non-summer opening weekend of all time and the biggest pre-summer debut of all time.

4th-biggest Saturday gross:

After its boffo opening day, Black Panther earned $65.8 million on Saturday. That was a mere 13% drop from opening day or a 31% jump if you take out the Thursday previews. It’s also the 24th-biggest single-day gross of all time and the fourth-biggest Saturday figure, between Star Wars: The Last Jedi ($63m) and Star Wars: The Force Awakens ($68.2m), The Avengers ($69.5m) and Jurassic World ($69.4m). If you count inflation, it’s still in eighth place.

5th-biggest opening weekend of all time:

This one pretty much speaks for itself. With a $201.8 million Fri-Sun frame, it sits behind only The Avengers ($207m), Jurassic World ($208m), Star Wars: The Last Jedi ($220m) and Star Wars: The Force Awakens ($248m).

If you adjust for inflation, Black Panther will end up in seventh place behind only The Dark Knight ($202.3m adjusted), Avengers: Age of Ultron ($203.9m), The Last Jedi ($220m), Jurassic World ($232m), The Avengers ($234m) and The Force Awakens ($261m).

8th-biggest Friday and 8th-biggest single-day gross:

Among single-day grosses, Friday grosses and opening day grosses, Black Panther’s $75.8 million Friday sits behind only The Avengers ($80.8m), Batman v Superman ($81.5m), Jurassic World ($81.9m), Avengers: Age of Ultron ($91m), Harry Potter and the Deathly Hallows part II ($91m), The Last Jedi ($104.6m) and The Force Awakens ($119.1m).

8th-biggest Monday gross:

The estimates could change tomorrow, but as of now, Black Panther has earned $33.2 million on its fourth day of release. That is the 179th-biggest single day ever, just ahead of Justice League’s initial Saturday gross.

And, as of this writing, it is the ninth-biggest Monday gross, behind The Force Awakens ($42.3m), Spider-Man 2 ($40.8m), The Lost World: Jurassic Park ($36m), Shrek 2 ($34.6m on its 13th day of release), Indiana Jones and the Kingdom of the Crystal Skull ($34.2m) and Rogue One: A Star Wars Story ($33.5m) and Pirates of the Caribbean: At World’s End ($33.45m).But that could go away up once the finals are in. Even an extra $2.8m will make it the third-biggest Monday of all time.

25th-biggest comic book movie of all time:

In just four days, its estimated $235 million gross already makes it the 25th-biggest comic book adaptation of all time, just ahead of X-Men: Days of Future Past ($233.9m) and X-Men: The Last Stand ($234.3m). It will be shooting up said chart every day for the next week or so. By Tuesday or Wednesday, it’ll be past the likes of Men in Black ($250m), Batman ($251m), Captain America: The Winter Soldier ($259m) and The Amazing Spider-Man ($262m).

26th-biggest superhero movie of all time:

In just four days, its estimated $235 million gross already makes it the 26th-biggest superhero movie of all time. Yes, I’m counting The Matrix Reloaded ($271m in 2003) and The Incredibles ($262m in 2004), but that won’t matter in a few days. It will be shooting up said chart every day for the next week or so, which will give me plenty of fodder for daily updates. Just by Tuesday or Wednesday, it’ll be past the (unadjusted) domestic grosses of Men in Black ($250m), Batman ($251m), Captain America: The Winter Soldier ($259m), The Incredibles ($261m) and The Amazing Spider-Man ($262m).

I am sure there are other arbitrary milestones that I left off, such as “fifth-fastest to $200 million domestic alongside the other did-it-in-three-days openers” or “biggest-grossing movie for Ryan Coogler and Michael B. Jordan” or what-have-you. Oh, and it had the fourth-biggest IMAX domestic debut ever behind Jurassic World, The Last Jedi and The Force Awakens. But this is long enough already, and even if that Monday number is underestimated and skews the results even higher, I think you’ve got a pretty clear picture of just how huge this movie turned out to be straight out of the gate. There are going to be plenty more milestones over the next two weeks, so watch this space for daily updates, give or take a fluke on my schedule.

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Arts

The Baskets Holding Them Together

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The female basket-weavers of Rwanda. When destiny failed them, they saw hope, in gentle strands of sisal and grass. The art helped them heal, reconcile and live again.

‘Art As A Reconciliatory Tool’

As dusk descends on the verdant valleys of Kigali, the green of the city’s rolling hills and its red terraced homes relinquish their arresting appeal to the most sparkling jewel of the night – the landmark Kigali Convention Centre (KCC), easily one of Africa’s brightest spots, with its multi-tiered colors and unique architectural aesthetic.

The Kigali Convention Centre’s design inspired by the traditional Rwandan baskets

It is striking in contrast to the landscape around and occupies center-stage, both in the city as well as the psyche of the proud Rwandan. Resembling the traditional, intricate, hand-woven Agaseke basket, the KCC stands atop the hills as a symbol of hope in Rwanda, and as a beacon of a new Africa.

It’s a sight most reassuring for the plethora of female artisans and entrepreneurs in the country. In villages and districts far from this dome in the city center, women sit huddled together in tiny cooperatives weaving with nimble fingers beautiful Agaseke baskets, in all forms, shapes and sizes, oblivious to the impact their creations have on the tourism economy – and more so, in their own lives.

Bella Rukwavu of the Agaseke Project

Bella Rukwavu, Project Coordinator of the Agaseke Project, which was initiated by the City of Kigali in 2007, recounts the beginnings of some of these cooperatives, after the new government took over, post the horrific genocide against the Tutsi that left a million dead across the country.

“When the city was trying to reorganize itself, part of the problem was the streets were filled with women hawkers, prostitutes, the disabled and the sexually-abused,” says Rukwavu.

There had to be a sustainable, lasting solution that gave the destitute women, most of them widows and survivors of the genocide, a viable alternative, and the idea for cooperatives training them with the art of basket-weaving was born.

The women had a natural flair for it, as basket-weaving was an inherent part of their upbringing and culture, so they could be easily skilled. The women were a mix of both ethnic groups, Tutsis and Hutus, and slowly, surely, through their collective efforts sewing sisal fiber and grass to make and sell objects of beauty, put their ugly past behind them.

The City of Kigali now oversees the Agaseke Project with 2,000 women, distributed among 50 cooperatives in three districts across Kigali.

 “The project acted as a reconciliatory tool and promoted peace,” says Rukwavu, in the car as we drive from the City Council to Gatsata sector in Gasabo district to meet with some of the artisans at the cooperative located there. “In some cases, both the victims of the genocide and the wives of the perpetrators worked together, and the art unified them. They have forgotten their differences. Today, they all live as Rwandans.”

Past the thatched homes on the hillside, and up a muddy road, the red earth leads to a one-storied edifice with yellowing walls and blue windows. Here, a group of 25 women sit on the hard cement floor, indulging in light banter and expertly weaving dyed sisal, grass and papyrus reeds to create a raft of colorful basket containers. These are arranged on a wooden shelf and on frayed floor mats.

On the shelf are two wooden boxes with locks. This is where the women store their money as part of their self-styled loan-and-savings scheme; the boxes a repository of their collective earnings – and trust.

The cooperative receives orders from clients in the United States (US), Europe and Japan. The baskets have given the women economic security and a social network. Says Rukwavu: “Some of these women are doing so well and have become so successful they have come out of these cooperatives to start businesses of their own, making diversified products and selling them elsewhere.”

The Agaseke Project is but one snapshot of the larger community of female basket-weavers in Rwanda. In the pages that follow, FORBES AFRICA visits more social enterprises, profiling the artists, artisans and entrepreneurs this industry has spawned. In a country where drones are delivering medical supplies and innovation is a daily buzzword, these women are keeping alive a traditional art form that has found its way into the snazzy department stores and boutiques of the world. To them, fortune is not dollar figures, but mere survival. Their future is in their own hands.

The Single Survivor

Catherine Uwimana, 48

In Gikondo, about a 30-minute drive from the city, a dirt road with a morass of overhead power and telephone cables leads to an unassuming grey gate with colors bursting within. These are the premises of Talking Through Art, a not-for-profit focused on art-related employment opportunities for people with physical disabilities. It was started by Petr Kočnar, from the Czech Republic, who initially came to Rwanda from Kenya to learn French. He encountered destitute people with disabilities on the street and decided to start the center in 2015 with his own savings, to rehabilitate them with art therapy and traditional basket-weaving.

Each of the 25 women, young and old, at this center make about $5 for each of the medium baskets they craft. Placide Ndacyayisenga, the manager, offers a cup of steaming Rwandan coffee, and pointing to the dainty handcrafted bowls on the walls, says: “The baskets we make are inspired by nature, such as the sun, the birds and the baobab trees. Foreign tourists buy from here and our products are also available in premium boutiques and gift shops in Kigali. The artisans here were wandering the streets before, now they can sustain their families, and even have bank accounts.”

One such is Catherine Uwimana. She lost her right leg during the genocide, hit by a grenade when in hiding at her home in Kacyiru.

Save for her older sister, all her family died around her. Having never married, Uwimana lives alone and is grateful she makes enough money weaving baskets to feed herself and pay her rent. “I have been here four years now and this is my family,” she says in Kinyarwanda, her eyes not concealing the pain of her past. “These baskets give me hope for the future.”

Baskets To Theater

Emilienne Muhawenimana, 35

Muhawenimana arrives at the Talking Through Art center in Gikondo riding a scooter. It’s hard to tell she is polio-afflicted and needs crutches to walk. Muhawenimana’s nature-inspired paintings light up the walls here just as she does. She leans against one of them, posing genially for pictures. One of the most prolific basket-weavers at the center, she is today into stage plays, and even traveling outside of Rwanda as part of theater groups. “She was one of our best basket-weavers and is a good actress today,” beams Placide Ndacyayisenga, the center’s manager. The multi-talented Muhawenimana also recites poems and mentions her work with the British Council; one of the many empowered at the center to make a living through art.    

The 8-To-5 Weaver

Vestine Nyiravesabimana, 49

A mother of nine children, Nyiravesabimana has been weaving baskets at the Agaseke Project cooperative in Gazabo district for the last 12 years. Making an average of $5 per fruit bowl that she handcrafts, over time, she has been able to send her children to school. She makes a minimum of $100 a month, working 8AM to 5PM through the week.

She is vaguely aware her creations sell well locally, to NGOs and at retail shops, but also “far, far away”, in America and Japan, lands she will perhaps never see.

Some of the women working with her face immense hurdles to come to work. But the project has helped Nyiravesabimana attain economic independence. Her husband, who works as a plumber, respects her more now, she says; they have fewer quarrels.      

“She also knows how to bank,” says Agaseke’s project coordinator Rukwavu. “She has an independent bank account.” Nyiravesabimana is also a part of the loan-and-savings scheme at the cooperative with her fellow female weavers. Working collaboratively in a group with the other women has helped her speed on the time-intensive art, as the more baskets she crafts, the more money she makes.

Dressed in a cheerful red chitenge outfit, her megawatt smile fills the small room she is in, as she gives the finishing touches to yet another signature fiber container that will make its way out of Africa to the world beyond.

The peace-maker

Farida Umuhoza, 43

A bored housewife for a long time until she discovered her skill crafting baskets, Umuhoza was with the Agaseke Project cooperative in Nyarugenge district for seven fruitful years from 2010.

A self-made entrepreneur today retailing her own range of handmade products, she is thankful for that epiphany, as today, she is the sole bread-winner for her family, supporting a sick husband and two children – a son aged 23 and a daughter aged 21.

We meet Umuhoza at her make-shift shop at the far-end of the car-free exhibition zone, by the towering citadels of capitalism in the heart of Kigali.         

At the Agaseke cooperative, she shone with her expertise weaving baskets, quickly moving on to open her own permanent shop, named Chic, in a shopping mall in downtown Kigali. Umuhoza has been expanding her business since.     

She also designs chitenge clothing, but her specialty is “the peace-maker, a sort of an oven made of fabric, sponge and cotton wool that saves energy and time and keeps food warm”. She sells it from $20 to $40 a piece, depending on the size.

As we speak, she pauses to “hello and welcome” curious shoppers, mainly international tourists, who walk in to look at her collection of baskets, clothes, and African bric-à-brac. Her attentive son hovers around her, as she settles the deal with a woman bargaining for a wooden stool.

Her finances have been stable, she says, as she has been able to meet her husband’s medical expenses, educate her children and re-stock her shop. She has traveled across East Africa, invited to showcase her baskets, and even once to the Netherlands for further training.

She has come a long way from her 18-year-old self when she lost her entire family in 1994, during the genocide against the Tutsi. 

As the sun dips on this August evening, her shop gets busier with office commuters and government workers, her largest clientele.

She is grateful for every sunrise and sunset. “Back then, sitting under the hot sun, weaving them, the baskets taught me about life. I knew they would take me out of poverty. Dare to start, don’t ever quit!” she says, before attending to yet another paying client.

The community builder

Mukeshimana Grace, 52 

Mukeshimana Grace

The Nyamirambo Women’s Center, an NGO on a bustling street in Nyamirambo, is a hive of activity the afternoon we visit. The cooperative doubles as a charming shop retailing all kinds of delectable African print clothing, accessories, home decor and trinkets, and buzzes with dollar-waving foreign tourists. Grace is about to give a presentation on the art of basket-weaving to them when we meet her. She has been mastering the craft for over six years now and says she has had a life-long connection with weaving, having learned it at her mother’s knee.

In an ante-room at the center, women are hard at work at their sewing machines. There are 55 seamstresses here turning cloth into craft.

“I enjoy being a part of a community, and building it.

– Mukeshimana Grace

The shop offers a sense of community and camaraderie as visitors stop by to chat to the staff. Launched in 2007 by 18 Rwandese women to address gender-based violence and inequality, today, the center provides skills and training to women so they can better their chances for employment. It’s a self-sustaining model, also offering tours into the neighborhood. The profits from the tours go back into paying the seamstresses and funding more community engagement initiatives.

Mary Nyangoma

Mary Nyangoma, Project Manager at the center, who has been a part of it from inception, finds time to break away from the unending stream of clients. She says: “Sewing is very popular in this neighborhood. Some of the women with us never got a chance to go to school, so we also taught them to read and write. And we came up with the idea of the neighborhood tours. Six years ago, we also started selling the in-house products we make.”

Nyangoma is effusive in her praise for Grace, who is too shy to speak. She was the first basket-weaver that joined the center and is now working full-time with them, making the baskets at home, and earning about RWF300,000 ($330) a month. A widow, she has four children to feed. Yet, there is no where she would rather be.

“I prefer working here, in a group,” Grace opens up, “as when I am alone, I tend to think of my worries. I enjoy being a part of a community, and building it.”

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Arts

Forbes Africa’s Best Photographs In 2019

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[Compiled by Motlabana Monnakgotla, Gypseenia Lion and Karen Mwendera]

Image 1:

Kabelo Mpofu, an entrepreneur, took over his mother’s shop in Meadowlands, in the South African township of Soweto. He is hopeful of making the family business a success despite big retail stores opening up in the townships and swallowing up the corner groceries.

Image 2:

Africa is the youngest continent in the world. Every year, South Africa observes June as Youth Month, honoring the anniversary of the Soweto Uprising on June 16. In this image, the country’s sprawling township of Soweto comes alive with youth dancing in the winter weather to local and international music at the Soweto International Jazz Festival, an annual confluence of history, art and culture.

Image 3:

Women hold up placards against gender-based violence during a ‘Shutdown Sandton’ campaign; this after a spate of brutal rape and killings in South Africa.

Image 4:

Car dealerships were among the businesses set alight in Johannesburg’s Jules Street, during the spate of xenophobia attacks in South Africa in August this year. The spark that fueled the raging fire began in Pretoria, the country’s capital, when a taxi driver was shot dead by a foreign national who was selling drugs to a youngster in the central business district.

Image 5:

Sibusiso Dlamini, the co-founder of Soweto Ink, works on one of his regular clients at his tattoo parlor founded in 2014 with his long-time friend, Ndumiso Ramate. In 2019, Soweto Ink held the fourth annual tattoo convention, and for the first time in partnership with BET Africa, to break tattoo taboos in Africa.

Image 6:

Mmusi Maimane, the former leader of South Africa’s opposition party, Democratic Alliance, is about to cast his vote in front of local and international media houses who had wrestled to get the perfect shot in his hometown in Dobsonville, Soweto, during the elections in South Africa in 2019.

Image 7:

The brother of South African journalist, Shiraaz Mohamed, begs for government intervention after Mohamed was kidnapped in Syria on January 2017 by a group of armed men. The group demanded more than $500,000 for his freedom.

Image 8:

South African President Cyril Ramaphosa with his body guards at the Sandton Convention Centre in Johannesburg, South Africa, where the three-day South Africa Investment Conference was held in November.

Image 9:

In a world that’s embracing new technology, inspiration is being found in bug behavior. The hard-bodied dung beetle is now key to robotics research, in Africa too. Astounded by this discovery early this year is Marcus Byrne, a researcher at the University of the Witwatersrand in Johannesburg who has been studying dung beetles for over 20 years. He holds up a metallic replica of a dung beetle in his hand in his office at the university.

Image 10: 

Mzimhlophe Hostel, a hostel among many others in Soweto, erupted with service delivery protests prior to the elections in South Africa. In the same vicinity, an informal settlement was also allegedly set on fire. Brothers Mduduzi (32) and Kwenzi Gwala (22), pictured, had arrived in Johannesburg looking for employment. They sold African beer, but their shack was set alight while they were still at church. They lost all their stock and possessions.

Image 11: 

A thrift market in the heart of Johannesburg’s central business district, not too far from a busy taxi rank, known for its pavement robberies. Despite the crimes, thousands of small entrepreneurs trade in this raucous market every day.

Image 12:

ANC, DA and EFF supporters dancing and chanting outside the Hitekani Primary School in Chiawelo, Soweto, South Africa, as they await South African President Cyril Ramaphosa to cast his vote in his former primary school. 

Image 13:

Tenants in the discarded Vannin Court in Johannesburg look on from their balconies as jubilation erupts on the ground floor.

Image 14:

Vestine Nyiravesabimana makes money weaving intricate baskets made of grass to feed her nine children in Kigali, Rwanda.

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Arts

Can Diddy’s Ciroc Recipe Work On Alkaline Water?

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The first time Sean “Diddy” Combs took a sip of Aquahydrate alkaline water—given to him by pal Mark Wahlberg at a Las Vegas boxing match in the early 2010s—he found it to be an ideal antidote for evenings spent consuming adult beverages.

“I went out that night and had a Vegas night, and I woke up and had a Vegas morning,” Diddy told me in 2015. “I drank two of the [Aquahydrate] bottles and it was, like, the best tasting water that I’ve tasted. And it really, honestly helped me recover.”

Diddy became the face of the company alongside Wahlberg shortly thereafter, and the pair invested $20 million in Aquahydrate over the years while billionaire Ron Burkle’s Yucaipa added another $27 million.

READ MORE | Hip-Hop’s Next Billionaires: Richest Rappers 2019

They aren’t the only ones with lofty ambitions for the brand: last week the Alkaline Water Co., the publicly-traded purveyor of competitor Alkaline88, bought Aquahydrate in an all-stock deal that valued the latter at about $50 million.

For Diddy, who ranks No. 4 on our recently-released list of hip-hop’s top earners and boasts a net worth of $740 million, alkaline water holdings are just a drop in his financial bucket. His Diageo-backed Ciroc vodka—and its myriad flavors, from Red Berry to Summer Watermelon—is responsible for the lion’s share of his wealth. But it’s clear he thinks alkaline water, flavored variants included, could swell his portfolio. So do his new partners.

Diddy
CRAIG BARRITT AND ALEXANDER TAMARGO/GETTY IMAGES. DESIGN: NICK DESANTIS/FORBES

“You put both these brands under one public company, it makes a ton of sense,” says Aaron Keay, Alkaline’s chairman, of the Aquahydrate deal. “We see synergies on distribution, we see cost-savings on cost of goods. On production, on logistics, on staffing. … And we don’t see both brands actually then competing for the same target market.”

In the past, flavored water has enriched investors including some of Diddy’s hip-hop world comrades. A little over a decade ago, 50 Cent famously took Vitaminwater equity in lieu of stock as payment for his endorsement—and walked away with some $100 million when Coca-Cola bought its parent company for $4.1 billion in 2007.

A ten-figure valuation for an alkaline water company seems an outlandish target even for the notoriously bombastic Diddy. But Keay notes Alkaline clocked $33 million in revenues over the past fiscal year and had been expecting $48 million in 2020; now, with Aquahydrate on board, he projects closer to $60-$65 million. That compares favorably to Core Water, which was doing some $80 million as of last year before getting acquired.

“For two or three years, Core Water was just another clear water,” says Keay. “Then they added about a half dozen flavors. Sales doubled. They got bought for $500 million. I mean, for us, $500 million would be a big number off of where our market cap is right now.”

Diddy appears to be an ideal ally in achieving that goal. With Ciroc, once a middling vodka in Diageo’s roster, he was able to articulate importance of the brand’s defining trait: it was made from grapes, not grains (never mind that this might technically disqualify it from being considered a vodka). His contention, according to Stephen Rust, Diageo’s president of new business and reserve brands, is that grapes are simply sexier than potatoes.

“One of his favorite things [to say] is, ‘If you can have a vodka that comes from a history of winemaking, why would you do that versus the history of coming from potatoes?’” Rust explained in an interview for my book, 3 Kings: Diddy, Dr. Dre, Jay-Z, And Hip-Hop’s Multibillion-Dollar Rise. “That’s Sean.”

With alkaline water, Diddy has demonstrated a similar knack for sizing up a product and extracting an elemental notion that passes muster with consumers (if not necessarily scientists). If “you’re full of acid,” Diddy once explained to me, you need to “get your body leveled out.”

Vodka and water, of course, are two very different products, and the same tactics won’t necessarily translate from one business to another. Flavored water itself seems to have been over-carbonated of late, as the recent struggles of brands like La Croix show; Alkaline’s shares have slumped this year as well.

Perhaps that’s why Alkaline is looking beyond its flagship bottled water business. Future plans call for a move towards cans in a nod to environmentally-conscious customers, as well as expansion into the nascent CBD-infused beverage space. Keay figures Diddy and Wahlberg, along with fellow celebrity investor Jillian Michaels, should provide a boost across the board.

“Once the FDA makes a ruling about how CBD is going to be distributed through those chains and channels, those guys are going to want trusted brands, brands that they know already have a consumer following,” says Keay. “And that was another big reason why it made sense to bring [Diddy, Wahlberg and Michaels] in, because it’s only going to help.”

Zack O’Malley Greenburg; Forbes

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