ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Here's the Reason why Anna Wintour is Being Slammed Online Over a Sponsorship Deal for Met Gala

The Vogue editor-in-cheif will be joined by TikTok CEO Shou Chew on the red carpet, which comes days after the Biden adminstration signed a bill into law to either ban the Chinese social media platform or force its sale.
PUBLISHED APR 29, 2024
Cover Image Source: Anna Wintour | Getty Images
Cover Image Source: Anna Wintour | Getty Images

From content creators to small businesses and major brands, everyone is concerned about how the possible ban on TikTok will impact their reach and income. But Vogue editor-in-chief Anna Wintour is getting heat for her multi-million dollar deal with TikTok to sponsor the Met Gala. TikTok CEO Shou Chew will join her on the red carpet, which comes days after the Biden administration signed a bill into law to either ban the Chinese social media platform or force its sale.

Wintour will host the Met Gala alongside Jennifer Lopez, Zendaya, Bad Bunny, and Chris Hemsworth. TikTok, the video-sharing platform which is owned by ByteDance, has spent millions to sponsor the event. “The deal was indeed cut way before this bill passed," a source told Page Six. According to a press release, the “exhibition and benefit are made possible by TikTok.”

Anna Wintour | Getty Images | 	Pierre Suu
Anna Wintour | Getty Images | Pierre Suu

"What does Anna do? Does she uninvite TikTok a week before? She can’t. Anna is the total dictator of this event every year, let her talk her way out of this one!" the source added. The source also talked about how many of these stars who are attending the gala have ties with the music giant Universal. Last month, the company banned its artists from the app in a standoff over licensing fees and also accused the platform of "bullying" by wanting to pay only a “fraction” of the rate other platforms do for its music.

Many of the artists who are slated to appear were "paid nothing" by TikTok. TikTok sources are currently, negotiating with Universal and hopefully will come to a decision soon.



 

On the other hand, some believe that this will only "politicize the event to have the old guard being sponsored by new media that the government just banned."

There's not much that can be done about the TikTok affiliation now. "They chose it because TikTok wrote a check — and there are not that many people who can write a seven-figure check these days. It’s also integral to the fashion world," another source told the publication. Moreover, TikTok's CEO is slated to attend the event as an honorary guest. The source also said that the ban had nothing to do with TikTok's charitable contribution that TikTok has made to the Met."

TikTok has reportedly spent millions to sponsor the event in a deal that TikTok sources stressed had been made long before the ban became law, as already mentioned. 

A TikTok source said, "170 million Americans subscribe to TikTok and it’s at the forefront of the zeitgeist. Everyone is excited for the Met."



 

This year, the dress code for attendees is "The Garden of Time" which is inspired by the 1962 short story of the same name by author J.G Ballard. The Met Gala which is set to take place on May 6th at the Metropolitan Museum of Art in New York can be caught by viewers through a livestream hosted by Vogue and broadcast on its website and social media channels. So far, no comments have been made by Vogue, The Met and Wintour.

MORE ON MARKET REALIST
Tech companies are racing to develop AI that exceeds human cognitive abilities.
1 hour ago
With an average annual growth rate of 2.8% during the last 50 years, the US economy is expected to expand by 2.4% in 2026.
1 hour ago
"Came here to say this! Ugh! $40k should not have a big tease to it… I really like Ryan, but I wish he’d stop that!" a fan reacted.
4 hours ago
He looked to his friend twice for help and he let him down on both occasions.
19 hours ago
Gregory Daco claimed the economic foundation was weak, with low and middle-income families struggling.
20 hours ago
He claimed that the President used his tariff authority to strike favorable deals for America.
21 hours ago
The affected products were sold nationwide and pose serious health threats.
23 hours ago
The company where the breach happened is facing several litigations with class action lawsuits.
23 hours ago
The President recently unveiled a website on which a number of drugs are being sold at a discount.
1 day ago
Trump claimed that the US economy was "dead" a year ago, but now it is the "hottest country."
1 day ago
Had she taken their advice, she'd be leaving the stage $15000 richer
1 day ago
Multiple services have opened up in the country that charge people for interviews with companies.
1 day ago
The President spoke about how GDP grew under his watch and called out Democrats over affordability.
1 day ago
There are now eight municipalities and 21 states that implement this tax.
1 day ago
The duo has been buying tickets together for a long time and had promised to split a big prize.
1 day ago
Trump allegedly made dozens of false economic claims about falling prices and inflation
1 day ago
The President argued that the cuts were aimed that getting the people out that were not necessary.
1 day ago
Rising college costs and growing student debt are reshaping higher education.
2 days ago
Scott Bessent said the Dow at 50,000 signals strong growth and gains for Main Street ahead
2 days ago
Peter Schiff warned Trump’s new tariffs will raise prices and worsen the U.S. affordability crisis.
2 days ago