Wrong.
King would walk up to Sharpton and Jackson and be like "Yo mah bruthas, y'all be franchisin' mah name, where's mah cut?"
( /Ebonics)
As far as the race industry goes, King would be into it up to his eyebrows.
Besides your changing the articulate MLK into a jive talker, what's your proof of that ? Or did you just pull it from your nether regions ?