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
"This week's regular edition BR ended with only one win on Thursday," a fan reacted.
2 hours ago
Fans of the show caught on to the trick the host was talking about, although he didn't reveal it.
13 hours ago
At one point, it seemed like the contestant would fail to win the car.
13 hours ago
Experts expect buyers and sellers to find common ground while negotiating in 2026.
16 hours ago
Individual and bankruptcy filings have been on the up towards a return to pre-COVID levels.
19 hours ago
One GoFundMe page raised over $480,920 for the Ford employee within 24 hours, while another raised over $330,055.
22 hours ago
"Iceland? I am jealous!!! Oh, yeah, I'm jealous of the $40k, too, LOL. Gr8 solve, Mat!" a fan reacted.
1 day ago
Despite widespread economic concerns, big banks who posted big profits remain bullish.
1 day ago
One simply has to look at the number on the product tag to gauge its quality.
1 day ago
The contestant was quite nervous towards the end but played the game perfectly.
1 day ago
The retailers were part of a group that sued banks and credit card companies two decades ago.
1 day ago
The President signed an executive order about the name change back in September.
1 day ago
The company laid off more than 5,500 employees and that affected its income for the year.
1 day ago
"We're going to have tremendous workforce availability. We're also going to have robots helping us," Trump had stated earlier.
1 day ago
"He almost had it, that was so close," an upset fan said about the disappointing loss.
2 days ago
The President reiterated that believes the affordability crisis is a Democrat hoax.
2 days ago
The contestant was at the show's taping for the first time and was a big fan of Carey's work.
2 days ago
AI is making online shopping easier, but it’s also helping scammers steal more money.
2 days ago
The trend in investors selling US stocks and diversifying in European stocks is growing.
2 days ago
BlackRock is also ready to bet big on the AI boom as it feels the tech is here to stay.
2 days ago