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
A report from UCLA's Karissa Tang says entry level jobs of teens are first in line to be eliminated
16 hours ago
Representatives of the SSA have strongly denied these claims with aggressive remarks.
16 hours ago
The retailer might offer cheap prices but products need to be of decent quality as well.
16 hours ago
More than 8.3 million workers will be paid more starting January 1, 2026, thanks to the rise in minimum wage.
16 hours ago
The bacteria can prove harmful not just to the animals but to humans as well.
16 hours ago
Millions of Americans have turned to the retailer who seems to offer the most affordable prices.
20 hours ago
This will be a huge boost for the residents of the states, who have been craving for some relief.
21 hours ago
"Contestants need to stop choosing CDM as their consonants. Think outside the box," a fan reacted.
1 day ago
This will not be good news for the Republicans ahead of the Midterm elections.
1 day ago
The situation might help Donald Trump who is hoping to reduce trade deficit.
1 day ago
America has a shortage of skilled labor and Walmart is taking things into its own hands.
1 day ago
Goldman Sachs has projected a 2.6% GDP growth rate for 2026, higher than the 2% consensus.
1 day ago
Notably, the first half of the year saw 17 significant bankruptcies involving businesses with assets worth more than $1 billion.
1 day ago
CEO Sam Altman admitted the role will be tough, but it will help mitigate the dangers of AI.
1 day ago
"Don't beat yourself up, Jeff. That one stumped pretty much everybody watching tonight, including yours truly," a fan reacted.
2 days ago
In an interview on Fox News' The Big Picture, The Shark Tank star expressed optimism for the economy.
2 days ago
New members will be given a gift card, which can be used for online and in-store purchases.
2 days ago
The IRS Chief, Frank Bisignano, predicted that the largest tax refunds would be due to the OBBBA cuts.
2 days ago
After a certain age, every account holder needs to withdraw a certain amount per year, which is taxed.
2 days ago
The Nobel laureate believes that 2026 will see way more people lose their jobs to the technology.
2 days ago