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
Steve Harey forced the contestants hiding to come out and address the situation.
1 hour ago
Rick Harrison were creeped out by the handcuffs but still wanted to buy them.
2 hours ago
Cuban was interested in the tech side of the company but was annoyed when his doubts got no answers.
3 hours ago
She had already won more than $21,000 and a trip to Portugal before heading to the round.
23 hours ago
The contestant even apologized to Steve Harvey after her answer was called out.
1 day ago
The host urged fans not to laugh at the answer, as it might come back to bite them in the future.
1 day ago
The seller lacked any solid proof and as a result, nobody on the show wanted to offer him a deal.
1 day ago
The contestant wished that bars gave free alcohol to those already drunk out of their minds.
1 day ago
It would have been easy for Amy Schneider to respond harshly to the accusations, but she remained cool and collected.
2 days ago
The host was left shocked after hearing the answer as he mouthed "wow" a couple of times.
2 days ago
The contestant went on to win $20,000 for her family despite the awkward moment.
3 days ago
The entrepreneurs might have hoped that a third of their company would attract a shark, but it didn't.
3 days ago
She was just happy to be on the show and was not disappointed about leaving empty-handed.
3 days ago
Things got heated as all of the sharks took shots at each other for a chance to cut a deal.
3 days ago
The entrepreneur was selling a DVD set about men's grooming, which was priced at a whopping $297.
4 days ago
Some might have expected the host to be a bit upset but he was entertained.
4 days ago
The entrepreneurs had initially asked for $50,000 for a 50% stake in the company.
4 days ago
She had uploaded photos and videos from a taping on her Instagram stories.
4 days ago
The former contestant was a star on the show in 2017, winning $413,000 over 13 games.
4 days ago
The contestant took her own sweet time to come to the podium and Steve Harvey wasn't having it.
4 days ago