Ye learn hate is bad for business

Cockburn keeps up with the Kardashians, so Kanye West’s recent outbursts don’t come as a huge surprise to him. But in the past few weeks, everyone who didn’t know before that they were, say, in decline is now fully aware.

Yes’s anti-Semitic statements, such as declaring that he would be a “victim of Jewish people” and constant talk about Jews “owning the media,” have resulted in dire financial consequences for him, as the various companies he works with with whom he works, terminate their contracts and denounce his statements.

The most recent – and arguably most important – business collaboration Ye saw crumble is his partnership with Adidas. The lucrative multi-year deal with designer sneaker brand Yeezy was valued at $1.5 billion. Without her, Ye’s fortune drops to $400 million. The price you pay for hate, eh?

Adidas released a statement today which read:

adidas does not tolerate anti-Semitism or any other form of hate speech. Yes’s recent comments and actions have been unacceptable, hateful and dangerous, and violate the company values ​​of diversity and inclusion, mutual respect and fairness.

After a thorough review, the company has made the decision to immediately terminate the partnership with Ye, stop producing Yeezy branded products, and stop all payments to Ye and its companies. adidas will discontinue the adidas Yeezy business with immediate effect.

“Given the strong seasonality of the fourth quarter, this is expected to have a short-term negative impact of up to EUR 250 million on the company’s net income in 2022.

Cockburn is surprised it took Adidas so long: he would think the shoe giant would be particularly sensitive to allegations of anti-Semitism, given its founders’ complicated relationship with the Nazi Party during the Third Reich.

Adidas wasn’t the first brand Ye dropped. On Thursday, Balenciaga’s parent company said in a statement that it no longer had any relationship with the rapper following his recent comments.

Balenciaga distanced himself from West after the artist made his anti-Semitic remarks during an appearance on the drink champ podcast. Ye also claimed that George Floyd died in 2020 from fentanyl poisoning rather than excessive use of force by Minneapolis police.

Another blow came for Kanye on Friday, according to a spokesman for Fashion said page six that the fashion magazine and its editor-in-chief Anna Wintour have no plans to continue working with Ye.

Kanye barely seems to be in phase as he paused that day to tell the paparazzi, “I’m not losing money, the day I was taken off Balenciaga premises, that was one of the most liberating days.”

“We here baby we’re not going anywhere,” he added

Then, on Monday, West was dropped by his agency, CAA, and an upcoming documentary about him by MRC was shelved. And on the same day that New York Times reported that Def Jam Recordings was “no longer affiliated with West’s imprint GOOD Music.”

And not only his business partners condemn the rapper. Kim Kardashian, Ye’s ex-wife, also weighed in. Kardashian condemned her ex-husband’s anti-Semitic remarks Monday following a local demonstration Sunday by a West-related hate group.

In Kanye’s recent interview with Ukrainian-Jewish MIT professor Lex Fridman, released yesterday, the rapper again refused to show remorse.

He said, “50 percent of today’s deaths of… black people are from abortions… It’s not racism; that is too broad a term. It is genocide and population control that black people practice in America today that is encouraged by the music and media that black people make that pays Jewish record labels.”

West also accepted that his beliefs cost him his family and career. “I lost my damn family. I lost my children. I lost my best friend in fashion. I lost the black community,” he said. “People said I lost my mind… I lost my reputation. And I’m up here just like that, I just want my family.

Presumably, after agreeing to buy Parler, the social media app run by Candace Owen’s husband, West will look for further business relationships with other people in her financial circles. Do it Daily Wire do you already have a record label?


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