Luther “Luke aka Uncle Luke” Campbell of the music group 2 Live Crew announced the creation of the Luke Entertainment Group (“LEG” or the “Company”) (PINKSHEETS: LKEN) on last week. The company is stated to be a multifaceted entertainment company that will be publicly traded on the NASDAQ pink sheets, effective immediately.
Luther Campbell is the first Hip Hop artist to take a company public in which he will serve as the Chief Creative Officer (CCO).
LEG will offer a number of options for consumers as well as artists and athletes. Some of the services that will be offered via Luke Entertainment Group will be video tones, downloadable web content, online music, etc. For artist the company will have a music division that will offer artists an opportunity to build their fan base globally. The company’s sports marketing division will manage the careers of professional athletes using traditional and non-traditional marketing format. LEG is looking to create and develop strategic endorsement and branding opportunities throughout their playing careers and beyond for the athletes.
Victor Nappe will serve as CEO for Luke Entertainment Group and brings a lot of experience to the table. Nappe is called a high-tech entrepreneur due to his working relationships with and for Fortune 500 firms, and the companies that he has built. Nappe was the former Director of E-Commerce for Apple Computer’s AES division.
According to reports, Nappe created the world’s first patent pending payments processing and clearing network, enabling internet purchases, like online music, through the use of prepaid cards.
“Luke Entertainment Group going Public is an important milestone for Hip Hop music,” said Luther Campbell, Luke Entertainment Group’s Chairman of the Board. “Luke Entertainment Group will be an example of the influence Hip Hop music has on the economy and how our culture directly impacts technology and consumer spending. This will also serve as an opportunity for me to teach the Hip Hop culture the power of investing, as many people are probably unfamiliar with Wall Street and how it can help improve your long term wealth.”
Last 5 posts in Business
- 50 Cent Teams Up With Feeding America - January 19th, 2012
- Ludacris Introduces "Party In A Box" - January 12th, 2012
- 50 Cent And Street King Sign Distribution Deal With Pepsi - January 3rd, 2012
- 50 Cent Is Making Sure Santa Stays On His Game This Year - December 21st, 2011
- Chuck D Recently Took The Role As Model For Naked Suits - December 21st, 2011
Last 5 posts in Entertainment
- Appear with Snoop Dogg in A Music Video & Lay Down A Track with Layzie Bone For Charity! - March 6th, 2012
- Belvedere Vodka Kicks Off Fashion Week With Wu Tang Clan - February 10th, 2012
- Kayla Brianna Giving Away A Trip to the NBA All-Star Game - February 10th, 2012
- Whitney Houston Is said To Be Broke! - January 24th, 2012
- Ne-Yo Treats Friends To Dinner - January 11th, 2012
Last 5 posts in Hip Hop
- Swizz Beatz Working On Bringing K-Pop To America - February 21st, 2012
- DMX Believes He’s Being “Played” In Child Support Case - February 20th, 2012
- Lil Wayne Surprise’s Girlfriend With A Huge Ring - February 16th, 2012
- Travis Porter's Strap Arrested At Airport - February 16th, 2012
- Adele Denies Rumors Of Taking A Long Break From Music - February 16th, 2012
Last 5 posts in Luke
- Uncle Luke Offended By VH1 Hip-Hop Honors' 2 Live Crew Southern Rap Honor - April 30th, 2010
- VH1 Hip Hop Honors: The Dirty South; Luther Campbell Has Words About It - April 22nd, 2010
- Luther Campbell aka Uncle Luke of 2 Live Crew Arrested On Unpaid Child Support - February 18th, 2009
- Charles Hamilton vs Uncle Luke: Lip Service Radio Interview - September 15th, 2008
Last 5 posts in Music News
- Britney Spears Is Now Part Of X Factor - May 10th, 2012
- Documentary For Amy Winehouse Set For East End Film Festival 2012 - April 30th, 2012
- Lil' Kim Releases Dates For "Return Of The Queen" Tour - April 24th, 2012
- Flo Rida Did Not Buy A Car Until He Got A Record Deal - April 17th, 2012
- Cam'Ron Set To Release One Song A Day For 30 Days - April 17th, 2012
Last 5 posts in People - U.S.
- Lil Wayne Pays Off 'Love Me or Hate Me' Producer - May 14th, 2012
- 50 Cent Back On The Grind - May 9th, 2012
- Diddy Touches Up On G. Dep Guilty Verdict - May 4th, 2012
- Joe Paterno Passed Away From Lung Cancer At 85 - January 23rd, 2012
- Mack 10 Gets Hit Hard In Court - January 23rd, 2012