What Happened to Black Sands Entertainment After Shark Tank?
What is Black Sands Entertainment?
Black Sands Entertainment is a comic book publisher that focuses on historical fantasy stories featuring people of color in order to offer a real black superhero experience. It is well worth a second look because the company is one of the largest black-owned publishing companies in the United States.
Manuel and Geiszel Godoy are a husband and wife team that want to change the way people learn about African history.
Too often in our country, the story of people of color has been directed toward slavery, with little acknowledgement of the rich cultural past that was brutally taken away by enslavement and colonization.
Who is the founder of Black Sands Entertainment?
Black Sands Entertainment was founded in 2016 by Manuel Godoy, his wife Geiszel Godoy, and partner Teunis De Raat. Geiszel and Manuel are married military veterans. He is an army administrator, and she has a background in fashion design.
De Raat has 25 years of expertise in the animation industry, having worked for companies such as Disney and Pixar. They worked together to create the largest black-owned publishing company in the United States.
Manuel established the company as an alternative to the “agenda-driven media representation of the black experience.” Black Sands is a publisher of comic books, graphic novels, chapter books, DVDs, and picture books.
The main narrative, named The Second Kingdom, centers around an old African kingdom and the small kid who will rule it in the future. Since its debut in 2016, the firm has sold more than 60,000 million copies and is still growing.
They hope to become a strong brand with properties on Nickelodeon networks throughout the world.
Initially, they used Kickstarter to raise funds for the company’s expansion. They raised $102,854 in four campaigns in a row. They also raised $1,277,081 on WeFunder in December 2020.
That money was used to create an app that allows customers to examine the data on their smartphone or tablet. All of their titles are available both on their website and on Amazon.
What Happened to Black Sands Entertainment at Shark Tank pitch?
Geiszel Godoy, Manuel Godoy, and Teunis De Raat seek a Shark on Shark Tank episode 1312 to fund Black Sands Entertainment, their comic book empire that includes historical fantasy tales about people of color. They were serious about growing their company and would appreciate the help of a Shark.
Geiszel, Manuel, and Teunis went on Shark Tank seeking $500,000 in return for a 5% stake in their business, worth $10 million.
They explain how they started their publishing company. They intend to make an animated series based on the comics. They show a teaser for an animated flick.
Kevin Hart inquires about the amount of money invested in the pilot: $250,000 Teunis argues that despite a 25-year experience in animation, he believes in the product.
Their main source of income is physical books, of which they have sold 120,000 at a retail price of $20. They cost $2 to make and $8 to sell in bulk.
In 2017, they generated $40,000 in sales. In July 2021, 2018 had $220,000, 2020 had $600,000, and 2021 had $800,000; they all offer information about their backgrounds to the Sharks.
They knew nothing about comics but were able to pull it off because to their military background. They have a total of $300,000 in their bank account. They were on the lookout for a distributor.
They want to utilize the money to boost the number of issues they publish each year. This will need paying artists and authors.
Kevin Hart presents his argument for why he should be selected. Mark asks him to join Kevin in making an offer. Kevin claims to have a staff of writers and artists.
Mark says he’ll take care of the technology. They are given $500,000 in exchange for 30% ownership in the company.
After a little interval, they respond with $500,000 for 10% equity shares plus $1 each book.
The money, according to Mark, is in developing a brand. Manuel was able to raise $1 million at the initial valuation asked. Kevin will provide all essential supplies. Finally, Manuel finishes the deal, and they walk away from the pitch with a deal.
What Happened to Black Sands Entertainment After Shark Tank?
The deal is currently under due diligence after the program aired and the three departed the pitch with the contract from Kevin Hart and Mark Cuban. The firm is still in operation as of January 2022, and the annual revenue has yet to be disclosed.
Competitors of Black Sands Entertainment
Immortal Chapters Entertainment, LLC, Lavishsloan Entertainment, Nuarc Concepts Inc., and Donna Lee are firms that are similar to Black Sands Entertainment.
Net Worth of Black Sands Entertainment
During the pitch, the firm was valued at $10 million; following the investment by Kevin Hart and Mark Cuban, the company was valued at $1.7 million.
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Black Sands Entertainment FAQs
Black Sands Entertainment is a publishing firm that creates comic books on African American culture. They offer a diverse range of workouts.
Who is the inventor?
Manuel Godoy and his wife Geiszel Godoy invented Black Sands Entertainment in 2016.
How much were they asking on Shark Tank?
They asked $500,000 for a 5% stake in their firm, which was worth at $10 million.
Were they able to close the deal on Shark Tank?
Yes, they reached an agreement with Kevin Hart and Mark Cuban.
How much did they invest?
They paid $500,000 for a 30 percent stake in the firm, which was valued at $1.7 million.
Where is Black Sands Entertainment headquartered?
They are from California.
How much money do they make each year?
The firm has not yet disclosed its yearly revenue.
What products does Black Sands Entertainment offer?
They offer their best-selling fixed media work, The Second Kingdom, which has sold over 60,000 million copies and is still growing.
Where can I get Black Sands Entertainment merchandise?
Their novels may be purchased on their website, http://Blacksandsentertainment.com.
Who is the company’s CEO?
Manuel Godoy and his wife Geiszel Godoy are the CEOs of Black Sands Entertainment.
What did they do before to establishing Black Sands Entertainment?
They were both successful in the entertainment sector. Manuel was an army administrator, and Geiszel was an award-winning fashion designer; they met in San Diego during Desert Storm, when Manuel was on active service.
What was the name of their comic book?
“The Second Kingdom” is the title of their comic. The name changes depending on the media. It is commonly referred to as “Second Kingdom.”
How does Black Sands Entertainment earn money?
Black Sands Entertainment generates revenue through creating comic books, which they then sell online and through their website. They not only offer paper comics, but also digital ones that may be downloaded onto their phone or computer.
How can I make a payment to Black Sands Entertainment?
Customers can pay for their items online or by visiting their website. Credit/debit cards, PayPal, and Amazon Pay are all accepted payment methods.
Where can I get Black Sands Entertainment?
Black Sands Entertainment products may be purchased directly from the company’s website or at Amazon.com.
Black Sands Entertainment has been in operation for how long?
Black Sands Entertainment was created in 2016 by Manuel Godoy and Geiszel Godoy and has been in operation since then.
Is there a patent on Black Sands Entertainment?
No, they do not yet have a patent.
