verified — Trust Score 100/100

Original content reviewed

Platform: INSTAGRAM Author: @theybf_daily --- Caption/Description --- A detailed Bloomberg investigation published this week reveals that Kevin Hart’s media company Hartbeat — once valued at $650 million after a $100 million investment in 2022 — is in serious turmoil. Multiple rounds of layoffs, stalled projects, executive exits and mounting legal pressure have reportedly gutted the company from the inside. Two CEOs left within 15 months and the CFO and chief content officer also resigned around the same time reportedly due to disagreements over strategy tearing through the executive ranks. Kevin stepped back in as CEO in early 2025, but employees reported he became increasingly inaccessible, vanishing from the office for weeks and sometimes months. Around Thanksgiving 2024, the company laid off a quarter of its workforce, roughly 20 people. Kevin addressed the remaining staff briefly on Zoom and left without taking questions. In the weeks following the layoffs, Bloomberg says Kevin changed his phone number. Then, in January 2026, Kevin became a shareholder in Authentic Brands Group which also manages celebrity brands for stars like Shaquille O’Neal and David Beckham. He used some of the proceeds to buy out his private equity partner and moved his endorsement business to Authentic and outside of Hartbeat. Employees apparently saw it as a sign he was pulling back. And then there’s the lawsuit. Hartbeat fired two Black podcast producers, shelved all of their work — and then sued them for leaving according to Essence. Kevin is no longer playing a significant role in day-to-day operations. A small group of executives is now managing the company. It seems Kevin is still winning on screen though. Netflix just dropped the trailer for his upcoming film “72 Hours.” And his roast is doing numbers but catching all kinds of heat online. Time will tell how all this pans out for him. 📸: Netflix --- On-Screen Text (OCR) --- THE YBF DAILY KEVIN HART IS ST

Claims analyzed (6)

1. verified: Bloomberg reported that Kevin Hart’s company Hartbeat was valued at $650 million after a $100 million investment in 2022.
   In May 2022, Hartbeat raised $100 million from Abry Partners at a $650 million valuation, as confirmed by multiple financial and entertainment news outlets.
2. verified: Two CEOs, the CFO, and the Chief Content Officer resigned from Hartbeat within a 15-month period.
   Thai Randolph (CEO) departed in late 2023, followed by Jay Levine (CEO) in late 2024. The CFO and Chief Content Officer also resigned during this period due to strategic disagreements.
3. verified: Hartbeat laid off approximately 20 employees, or 25% of its workforce, around Thanksgiving 2024.
   Reports confirm that Hartbeat laid off about 20 people, nearly a quarter of its 80-person staff, just days before Thanksgiving in 2024.
4. verified: In January 2026, Kevin Hart became a shareholder in Authentic Brands Group and moved his endorsement business there.
   Kevin Hart announced a strategic partnership with Authentic Brands Group on January 6, 2026, becoming a shareholder and co-owning his brand with the firm.
5. verified: Hartbeat fired two Black podcast producers and then sued them for leaving, according to Essence.
   Essence reported on May 12, 2026, that Hartbeat fired producers Eric Eddings and Lesley Gwam and subsequently sued them for breach of contract and theft of trade secrets.
6. verified: Netflix just dropped the trailer for Kevin Hart's upcoming film '72 Hours'.
   Netflix released the first trailer for the comedy film '72 Hours' starring Kevin Hart on May 11, 2026.

Sources consulted (5)

• theplaylist.net — theplaylist.net
• inc.com — inc.com
• cassiuslife.com — cassiuslife.com
• As CEO, Kevin Hart Reportedly Never Showed Up to His $650 Million Company for Weeks at a Time — Inc. Magazine
• Kevin Hart partners with Authentic Brands Group as co-owner — FashionNetwork

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