Tag: Mellody Hobson

Historic EBONY and JET Photo Archives Sold for $30 Million, Will Be Donated to Smithsonian

Getty Images

According to thegrio.com, the photo archives of EBONY and JET magazines were sold at auction on Thursday. A group of buyers including the J. Paul Getty Trust, in association with the Ford Foundation, the John D. and Catherine T. MacArthur Foundation and the Andrew W. Mellon Foundation purchased the historic photos for $30 million.

To quote The Grio:

According to the Chicago Tribune, the archive will go to the Smithsonian National Museum of African American History and Culture, the Getty Research Institute, as well as other institutions so that researchers and scholars will have access.

“There is no greater repository of the history of the modern African-American experience than this archive,” James Cuno, president of The J. Paul Getty Trust, said in a press release. The trust is the lead purchaser in the consortium. “Saving it and making it available to the public is a great honor and a grave responsibility.”

The archive, which chronicles seven decades of Black life in America and consists of millions of images, was placed up for auction by the Chicago-based Johnson Publishing Co., after filing for Chapter 7 bankruptcy in April.

Creditors owed include filmmaker George Lucas and his wife financial investment advisor Mellody Hobson, who own Capital V Holdings and gave a $12 million loan to Johnson Publishing. Lucas and Hobson were eligible to bid on the archives using the money that was owed to them. They could also have received the full collection in foreclosure if there had not been another bidder for the archives.

“The Johnson Publishing archives are an essential part of American history and have been critical in telling the extraordinary stories of African American culture for decades,” Lucas and Hobson’s company said back in April. “We want to be sure the archives are protected for generations to come.”

To read more: https://thegrio.com/2019/07/25/ebony-jet-photo-archives-auctioned-johnson-publishing/

Mellody Hobson to Become Starbucks Vice Chair

Mellody Hobson climbed another rung on the ladder of success in the Fortune 500 business world, as she solidified her role on Starbucks’ board while holding down two other top board memberships. Few African-Americans have multiple board membership on the nation’s wealthiest companies.

Hobson, a graduate of Princeton University and considered an expert on matters of personal finance, often speaking on panels and featured on television news shows.

Starbucks’ board of directors on Monday appointed Hobson as its vice chair shortly after longtime chairman Howard Schultz announced his retirement, the company said in a statement on Monday.

Hobson’s promotion to the number two position came as Starbucks has been in the throes of damage control following a high-profile episode of racial profiling when two Black men were arrested at a Philadelphia store in April because they didn’t order anything. Last Tuesday, the company closed 8,000 stores nationwide for an afternoon of anti-bias training.

Fortune 500 boards are dominated by white men, but Hobson, who has served on Starbucks’ board since 2005, has defied the odds. JP Morgan Chase & Co. also appointed her to its board  and she has been on Estee Lauder‘s board since 2004.

Still, African-Americans have made small gains in diversifying corporate boards. Black men increased their boardroom presence by 2 percent and Black women by 18.4 from 2012 to 2016, according to a multi-year study by the Alliance for Board Diversity (ABD).

The ABD report found that Blacks had the highest rate among all demographics of serving on multiple boards, which falls right in step with Hobson’s professional achievements, according to Ronald C. Parker, ABD’s chairman.

It’s an indication “that companies are going to the same individuals rather than expanding the pool of African-American candidates for board membership,” Parker told the New York Times last year.

Source: https://blackamericaweb.com/2018/06/05/mellody-hobson-will-become-starbucks-vice-chair/

W.E.B. Du Bois Medal Recipients Honored at Harvard for Contributions to African American Culture

DuBois Medal recipient Nasir “Nas” Jones (PHOTO BY KAYANA SZYMCZAK FOR THE BOSTON GLOBE)

Awarded since 2000, the Du Bois Medal is Harvard’s highest honor in the field of African and African American Studies. It is awarded to individuals in the U.S. and across the globe in recognition of their contributions to African American culture and the life of the mind.

The Hutchins Center for African & African American Research hosted the celebration at Sanders Theatre. Ali picked up the honor earlier in September, but a video of his presentation played during the ceremony. Last year’s honorees included Shonda RhimesMaya Angelou, and Harvey Weinstein.

article by Meredith Goldstein via bostonglobe.com; additions by Lori Lakin Hutcherson

George Lucas Gives USC Film School a $10 Million Endowment for Black and Latino Students

George Lucas and wife Mellody Hobson (photo via vulture.com)
George Lucas and wife Mellody Hobson (photo via vulture.com)

The George Lucas Family Foundation has gifted $10 million to the USC School of Cinematic Arts to provide financial support to African-American and Hispanic students.  The money is a part of the foundation’s 2006 pledge to the film school and represents the largest single donation for student support in the school’s history.

Minority students on both the graduate and undergraduate levels will receive priority consideration for financial support, which will also be split evenly between male and female students, who will be known as George Lucas Scholars or Mellody Hobson Scholars.

“Hispanic and African-American storytellers are underrepresented in the entertainment industry,” Lucas said. “It is Mellody’s and my privilege to provide this assistance to qualified students who want to contribute their unique experience and talent to telling their stories.”

The first recipients will be awarded financial support for the fall of 2016.

The announcement came from dean of the USC film school, Elizabeth M. Daley, who said in a statement: “We are so grateful to George and Mellody for their continued support of the School of Cinematic Arts, and in particular for this amazing gift, and their recognition of the need to encourage the Hispanic and African-American storytellers of tomorrow.”

The Lucas Family Foundation’s gift is a part of a greater fundraising campaign at the University of Southern California, which is a multiyear plan to raise $6 billion dollars to continue the university’s various educational efforts.

article by Mia Galuppo via hollywoodreporter.com

Academy of Motion Pictures Invites Record 322 New Members in Push for More Oscar Diversity

New AMPAS President Cheryl Boone Isaacs
AMPAS President Cheryl Boone Isaacs

According to Variety.com, the Academy of Motion Picture Arts & Sciences has made a concrete push for diversity, sending membership invitations to 322 individuals, including a healthy number of people who, if they accept, can help change the organization’s primarily white male demographics.

Among the invitees are “Selma” actor David Oyelowo, “Belle” and “Beyond the Lights” actor Gugu Mbatha-Raw, actor Kevin Hart, “Set It Off” and “Italian Job” director F. Gary Gray, “Best Man” director Malcolm D. Lee, “Amazing Grace” and “Beat Street” director Stan Lathan, “Selma” casting director Aisha Coley, Dreamworks executive Mellody Hobson, and “Frozen” animator Marlon West. The Academy has been reaching out to women, foreign-born artists and people of various races, ethnic backgrounds and ages.

Accusations of Academy bigotry surfaced yet again in January when the list of Oscar nominees included Caucasians in all 20 acting categories, and few women or racial minorities among the other categories. Director Ava DuVernay and actor Oyelowo of “Selma” had seemed like strong contenders, giving many people hopes of breakthroughs. After initial anger at the Academy, activists began to shift their protests to industry hiring practices.

The Academy last year sent 271 invitations, with 276 in 2013. For the years between 2004 and 2012, the average was 133. There is no guarantee that all will join, but it’s rare for people to decline. The Academy board voted on the list Tuesday, after recommendations from its membership committee.

CEO Dawn Hudson and Academy president Cheryl Boone Isaacs have been pushing to broaden the organization’s makeup. Last year, Boone Isaacs told Variety that the 2014 new-member list “is a continuation of an initiative to bring in new voices. … The membership is becoming more and more a reflection of the world at large.”

Hudson and Boone Isaacs always stress that the outreach does not means a change in standards. Each branch has strict requirements on eligibility based on industry tenure and credits.  As of the most recent tally for 2014 voting, the Academy had 6,124 voting members. The “new voices” clearly constitute a tiny fraction of the group. But AMPAS officials are hoping that it can help can make a difference.

And as June 24-July 2 balloting is under way for board members, exactly one-third of the board are women: 17 out of 42. But it could get closer to 50-50 parity with the new crop, which includes a number of racial minorities and women among this year’s board contenders.

For a full list of invitees, click here.

original article by Tim Gray; additions by Lori Lakin Hutcherson

CEOs Mellody Hobson and Judy Smith to Speak at 10th Annual Black Enterprise Women of Power Summit

The anticipation continues for Black Enterprise’s 10th Annual Women of Power Summitwhere power women across the nation will convene for three days of fellowship and networking. Added to the list of keynote speakers is the president of Ariel Investments L.L.C., Mellody Hobson, and the inspiration for Scandal‘s Olivia Pope, Judy Smith.

Hobson worked her way up from intern at Ariel Investments L.L.C. to president of the Chicago investment firm. Ariel is known as one of the largest African American-owned money management and mutual fund companies in the United States. In addition to her role as president, Hobson serves as chairman of the board of trustees for Ariel Investment Trust.

REGISTER TODAY: Black Enterprise Women of Power Summit Celebrates 10-Year Anniversary in Florida for 2015

Aside from her work at Ariel, Hobson is chairman of Dreamworks Animation SKG Inc., as well as the director of The Estée Lauder Cos. Inc. and Starbucks Corp. Hobson is nationally recognized as a financial expert and has contributed her expertise in investments to the Tom Joyner Morning ShowBlack Enterprise, and ABC’s Good Morning America. In 2010 she earned a spot on Black Enterprise‘s 75 Most Powerful Women in Business list, and in 2013 she was announced as one of Black Enterprise‘s Most Powerful Corporate Directors.

Smith, recognized by many as the real-life Olivia Pope, Smith has paved a career for herself as an author, television producer, and CEO of the crisis management firm Smith & Co.  Prior to founding Smith & Co., the Washington, D.C., native served in several high-profile roles including partner at a few Washington, D.C.-based nonprofits, and a White House position as special assistant and deputy press secretary to former President George H. W. Bush. She later broke into television as senior vice president of Corporate Communications at NBC, just to name a few.

Her work in crisis management for many notable cases including Monica Lewinsky, actor Wesley Snipes, and NFL player Michael Vick caught the attention of screenwriter and director Shonda Rhimes, who developed the popular television drama Scandal inspired by Smith’s work. Serving as co-executive producer of the show, Smith offers expert advice and insights on how to portray crisis management issues on-screen.

With exemplary resumes that have catapulted them to become nationally recognized businesswomen, Mellody Hobson and Judy Smith will offer advice and business tips on how to take charge of your career at Black Enterprise’s Women of Power Summit.

The 10th Annual Black Enterprise Women of Power Summit hosted by State FarmMarch 2–4, 2015, will be held at Fort Lauderdale Harbor Beach Marriott Resort & Spa, Fort Lauderdale, FL. This executive leadership summit is designed to train, equip and encourage women to become industry leaders, learn career strategies, and discover proven work–life balance techniques. Register Now! http://www.blackenterprise.com/wps

article by Courtney Connley via blackenterprise.com

Mellody Hobson and George Lucas Welcome Baby Girl

Director George Lucas and Mellody Hobson
Director George Lucas and Mellody Hobson attend the 40th annual Daytime Emmy Awards at The Beverly Hilton Hotel on June 16, 2013 in Beverly Hills, California. (Photo by Jason LaVeris/FilmMagic)

Mellody Hobson, 44, and George Lucas, 69,  have welcomed their first child together into the world, according to reports. Their daughter, Everest Hobson Lucas, was born on Friday, August 9, various sources say, and was reportedly carried via a surrogate.  Hobson and Lucas recently married in late June at Lucas’ Skywalker ranch in Marin County, Calif. Hobson, the president of the financial management firm Ariel Investments, had been dating Lucas, one of the most successful producers and directors in Hollywood history, for several years before their nuptials. This is Hobson’s first marriage, and a second for Lucas.

Hobson, an on-air personality who offers financial advice for CBS, is also the chairperson of Dreamworks animation.  Lucas, creator of the Star Wars film franchise, previously made headlines through selling his production company Lucasfilms Ltd. to the Walt Disney company for $4.05 billion in October 2012.  In an interview with Oprah Winfrey, Hobson credited her strong bond with Lucas to their both being, “extraordinarily open-minded people” who “are open to what the universe brings us.”

Keeping an open mind allowed each partner to perceive the value in the other.  “We didn’t have preconceived ideas about what a partner should be, and so we allowed ourselves to discover something that was unexpected,” Hobson said.

Everest is Hobson’s first child. Lucas also has three adopted children who are now adults.

article by Alexis Garrett Stodghill via thegrio.com

Mellody Hobson and George Lucas Wed In California

george lucas

Visionary “Star Wars” filmmaker George Lucas wed Ariel Investments president Mellody Hobson before an intimate gathering at Skywalker Ranch, in Marin County, California, at 5 p.m. on Saturday, June 22. 

This is the first marriage for Hobson, 44, who wore a white dress by Peter Soronen and changed skirts between the ceremony and the party. Lucas, 69, has been married once before, to film editor Marcia Griffin. They adopted a daughter together, and Lucas adopted two more children after they divorced, in 1983. Lucas’ son, Jett, was his best man, and his daughters, Katie and Amanda, served as bridesmaids.

In addition to serving as president of Ariel Investments, Hobson is chairman of Dreamworks Animation and a financial contributor with CBS.

Continue reading “Mellody Hobson and George Lucas Wed In California”

Mellody Hobson Appointed Chairman Of DreamWorks Animation

Mellody Hobson, president of Ariel Investments, LLC, a Chicago-based investment firm managing over $3 billion in assets, and one of the largest African American-owned money management and mutual fund companies in the United States, has been named DreamWorks Animation SKG, Inc. Chairman of the Board.  Roger Enrico, who served as Chairman since 2004, has resigned, effective immediately. 

DreamWorks Animation creates high-quality entertainment, including CG animated feature films, television specials and series and live entertainment properties, meant for audiences around the world.  DreamWorks Animation has been named one of the “100 Best Companies to Work For” by FORTUNE® Magazine for four consecutive years. In 2012, DreamWorks Animation ranks #14 on the list. All of DreamWorks Animation’s feature films are now being produced in 3D.

The Company has theatrically released a total of 24 animated feature films, including the franchise properties of “Shrek,” “Madagascar,” “Kung Fu Panda” and “How to Train Your Dragon.”  The Company’s theatrical releases for the current year are “Madagascar 3: Europe’s Most Wanted” on June 8, 2012 and “Rise of the Guardians” on November 21, 2012.

article by Lori Lakin Hutcherson

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