Even if it meant objectifying people into a market segment just to make money, under the branding of empathy and identity?
Just because it is branded “black” doesn’t mean it won’t perpetuate harmful racial stereotypes, such as “being black is the most important thing about you as a person”. In fact, it would have every reason to amplify that message to keep and grow their “segment”, regardless of its psycho-social consequences.
Not to be rude, but what do you think a 'market segment' is? What is there besides market segments? For that matter, what is there besides money? at least in terms of the entertainment biz.
On the contrary, you’re making my point.
The objectification already exists. This won't change that. It will, however, hopefully result in more content existing for a market that's hungry for it.
OP also identifies as black, so I trust that they understand that branding their product as "for blacks only" will only hurt them, even within their market segment.