Balenciaga also insulated, moves to “ban” Kanye West from industry

Last Updated on 10/26/2022 by てんしょく飯

Major entertainment companies and luxury brands have stopped doing business with Kanye West, who has been criticized for his anti-Semitic comments.

CAA has stopped working with West.

CAA, one of Hollywood’s leading major talent agencies and home to Tom Cruise and others, has stopped working with West, several media outlets reported on October 24.

The production company, MRC, announced that it would not air an already completed documentary on West, stating that it “cannot support content that amplifies his claims.”

On October 21, luxury brand Balenciaga, which has a close relationship with West and used him in its recent fashion show, became the first major brand to publicly cut ties with West, stating that it “no longer has any dealings or plans for future projects related to this artist. West became the first major music company to publicly cut ties with West.

In addition, his contract with Def Jam, a record company under Universal Music Group, has also ended, and West’s own label, G.O.O.D. Music, has severed ties with Def Jam, the New York Times (NYT) reported on October 24.

Jeremy Zimmer, CEO and co-founder of talent agency UTA, told his staff on the 23rd to support West’s boycott, and Ari Emanuel, CEO of talent agency Endeavor, said that Spotify, Apple, and other companies that receive West’s He said companies that receive revenue from West, such as Spotify and Apple, should sever their ties with the rapper.

■ Twitter account also frozen

West has been making anti-Semitic comments for the past month, and his Twitter account was frozen after he said he was going to “go set up Deathcon 3 on the Jews. He also had his Instagram account restricted after saying that Sean “Diddy” Combs is controlled by Jews.

West sent a letter last month declaring the end of their 10-year partnership after accusing Gap of violating their contract; Gap stopped carrying West’s Yeezy brand on the 25th.

Could this affect his holdings?

JPMorgan Chase reportedly severed ties with him after West began making inappropriate remarks earlier this month, but sources told the Associated Press that West was informed of JPMorgan’s decision before those remarks. George Floyd’s family also announced last week that they are suing West for spreading misinformation on his podcast that Floyd was killed by fentanyl and are seeking a $250 million payout.

Adidas, which has sold West’s Yeezy brand since 2013, announced the end of its contract with West on October 25, after remaining silent since saying it was reviewing its relationship with West a few weeks ago.

Meanwhile, a group of anti-Semites were spotted in Los Angeles last weekend holding signs that read “West’s anti-Semitism is right,” leading to increased calls for Adidas to cut ties with West. A member of the California Assembly Jewish Caucus claimed on October 24 that “companies that continue to do business with Kanye West, including Adidas, are party to attacks on Jews.”

Forbes estimates West’s holdings at $2 billion, but he may lose his billionaire status now that Adidas has terminated the deal.