Black Sands Entertainment Shark Tank Update | What Happened to Black Sands Entertainment after Shark Tank?
What is Black Sands Entertainment?
Black Sands Entertainment is a comic book publishing company that focuses on historical fantasy stories starring people of color in order to create a true black superhero experience.
It is absolutely worth a second look because the firm is one of the major black-owned publishing organizations in the United States.
Manuel and Geiszel Godoy is husband and wife duos who are dedicated to improve the way people learn about African history.
Too frequently in our nation, the narrative of people of color has been oriented toward the experience of slavery, with little recognition of the rich cultural legacy that was forcibly taken away by enslavement and colonization.
Who is the founder of Black Sands Entertainment?
Black Sands Entertainment was founded in 2016 by Manuel and Geiszel Godoy, who are a married couple and war veterans, with Geiszel having a background in fashion design and Manuel being an army administrator, along with their partner Teunis De Raat, who has 25 years of experience in the animation industry and worked with companies such as Disney and Pixar.
The company aims to provide an alternative to “agenda-driven media portrayal of the black experience” and focuses on publishing comics, graphic novels, chapter books, DVDs and picture books.
Their main series is called “The Second Kingdom” which centers around an African kingdom and a young child’s future rule.
Since its creation, the company has sold over 60,000 copies and continues to grow, with aspirations to establish a significant brand with properties on Nickelodeons worldwide.
Initially, they used Kickstarter and later WeFunder to raise funds for expansion and development, including creating an app for viewing content on smartphones and tablets.
All their titles are available on their website and on Amazon.
What Happened to Black Sands Entertainment at Shark Tank pitch?
On Shark Tank episode 1312, Geiszel Godoy, Manuel Godoy, and Teunis De Raat sought funding from the Sharks for their comic book company, Black Sands Entertainment, which focuses on historical fantasy tales featuring people of color.
They asked for $500,000 in exchange for a 5% stake in their company, valued at $10 million.
They presented an animated film trailer, discussed their background and experience, and shared financial information about their business, including $40,000 in sales in 2017, $220,000 in 2018, $600,000 in 2020, and $800,000 in 2021, and $300,000 in their bank account.
Kevin Hart and Mark Cuban offered $500,000 for 30% equity shares, but the founders counter offered $500,000 for 10% equity shares plus $1 per book. The deal was accepted and they left the pitch with a deal.
What Happened to Black Sands Entertainment after Shark Tank?
After the episode aired and the three entrepreneurs secured a deal with Kevin Hart and Mark Cuban, the deal is now being evaluated through due diligence.
As of January 2022, the company is still in operation and no information on its annual revenue has been made public yet.
Competitors of Black Sands Entertainment
Black Sands Entertainment has similar companies such as Immortal Chapters Entertainment, LLC, Lavishsloan Entertainment, Nuarc Concepts Inc. and Donna Lee.
Net Worth of Black Sands Entertainment
The company valuation was $10 million during the pitch, after the investment done by Kevin Hart and Mark Cuban the company valued at $1.7 million.
Black Sands Entertainment FAQs
What is Black Sands Entertainment?
Black Sands Entertainment is a publishing company where they are creating comics that focus on the culture of African Americans. They have a wide array of works out.
Who is the founder?
Manuel Godoy and his spouse Geiszel Godoy founded Black Sands Entertainment in 2016.
How much were they asking on Shark Tank?
They were asking $500,000 for 5% stake in their company, which valued at $10 million.
Did they have the deal on Shark Tank?
Yes, they closed a deal with Kevin Hart and Mark Cuban.
How much did they invest?
They invested $500,000 for 30% ownership of the company, which valued at $1.7 million.
Where is Black Sands Entertainment based?
They are located in California.
What is their annual revenue?
The company has not revealed its annual revenue yet.
What do Black Sands Entertainment sell?
They sell their top selling fixed media work The Second Kingdom, which has sold over 60,000 million copies and continues to expand.
Where can I go to find Black Sands Entertainment products?
One can buy their books from their website at http://Blacksandsentertainment.com.
Who is the CEO?
Manuel Godoy is the CEO of Black Sands Entertainment and his spouse Geiszel Godoy.
What did they do before they started Black Sands Entertainment?
They both had successful careers in the entertainment industry. Manuel was an army administrator, while Geiszel was an award-winning fashion designer; they met in San Diego while Manuel was serving on active duty during Desert Storm.
What was the name of their comic book?
The name of their comic is “The Second Kingdom”. The name varies depending on what medium it is. It is usually titled “Second Kingdom”.
How Black Sands Entertainment does make money?
Black Sands Entertainment makes money by publishing comic books that they then sell online and at their website.
They don’t only sell printed comics, but they also sell digital copies in which they can download onto their phone or computer.
How do I pay for Black Sands Entertainment?
One pays for their products Online and by visiting their website. The payment options include credit/debit cards, PayPal and Amazon Pay.
Where should I buy Black Sands Entertainment?
Black Sands Entertainment can be purchased on their website or through Amazon.com.
How long has Black Sands Entertainment been in business?
Black Sands Entertainment was founded by Manuel Godoy and Geiszel Godoy in 2016; they have been in business since then.
Does Black Sands Entertainment have a patent?
No, they don’t have a patent yet.
What is the net worth of Manuel Godoy?
The net worth of Manuel Godoy is not available.
What is the net worth of Geiszel Godoy?
The net worth of Geiszel Godoy is not available.