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Kanye West Claims He Lost $8B From Adidas — However, The Rapper Says He's ‘Still Going To Get That Money Back’

Kanye West is convinced he will recover his losses from the severed Adidas partnership. As AFROTECH™ previously told you, the apparel giant severed its ties with the rapper and record producer in 2022 due to antisemitic remarks West made at the time. As a result, Adidas paused the production of all Yeezy-branded products and froze payments to West and his companies. “Adidas does not tolerate antisemitism and any other sort of hate speech. Ye’s recent comments and actions have been unacceptable, hateful, and dangerous, and they violate the company’s values of diversity and inclusion, mutual respect, and fairness,” the company declared in a press release . “After a thorough review, the company has taken the decision to terminate the partnership with Ye immediately, end production of Yeezy branded products, and stop all payments to Ye and his companies. Adidas will stop the Adidas Yeezy business with immediate effect.” In May 2023, Adidas softened its posture, announcing the company...

Mar 19, 2024

Ye Could Cash In From Skims' $4B Valuation Thanks To His 5% Stake In The Lucrative Shapewear Brand

Ye, formerly known as Kanye West, might be cashing in thanks to a milestone one of Kim Kardashian’s lucrative businesses has reached.

Jul 26, 2023

Kanye West Allegedly Paid A Settlement To An Ex-Employee Who Claimed He Praised Hitler

As the controversy around Kanye West’s antisemitic remarks continues to unravel, things have taken yet another turn.

Nov 3, 2022

Donda Shares A First Look At Its Foam Vehicle Concept As Kanye West Ventures Into The Automotive Industry

Kanye West is taking his innovation from music to the automotive industry. The first-ever car from Donda is currently in the works, based on an official statement from the company.

Jul 7, 2022

Kanye West Says His Stem Player, 'The First Yeezy Tech Product,' Brought In $2.2M In One Day

Kanye West continues to show why he’s truly a genius. As someone who does it all, the rapper’s Stem Player — what he calls the “first Yeezy Tech product” — has brought in $2.2 million in sales in one day thanks to his latest album, reports HYPEBEAST. Per Kanye West, the move to release his music via his Stem Player platform rather than streaming services such as Apple Music, Spotify, or TIDAL caused him way more monetary gain. “To earn the $2.2 million we made on the first day on the stem player the album would have had to stream 500 million times,” Kanye West shared. “We did more revenue on Stem Player, without the album even being out than we would have done with the album being out on streaming.” Just months following the release of “Donda,” Kanye West revealed that he would release “Donda 2” exclusively via his Stem Player. And, according to the “Jesus Walks” emcee, this was because the percentage that artists receive on streaming platforms is significantly low. “Today artists...

Feb 22, 2022

Kanye West Says His Next Album 'Donda 2' Will Only Be Available For Streaming On His Platform

Kanye West is known for thinking outside of the box. And, with his next album “Donda 2,” things are no different. Ahead of its release on Feb. 22, Kanye West took to Instagram to announce it will not be available on streaming platforms such as Apple Music, Amazon, Spotify, and YouTube. But, the album will be available for streaming on his $200 stem player that AfroTech previously reported allows fans to “customize any song.” “Donda 2 will only be streaming on my own platform, the stem player. You can download new music from You can play 4 different elements of the track: vocals, drums, bass and music. It also has a MP3 player available. We currently have 67,000 available and are making 3,000 a day,” Kanye West wrote via Instagram. If you are wondering why the sudden move to venture away from streaming giants, West revealed his disdain for the “oppressive system.” “Donda 2 will only be available on...

Feb 18, 2022

'The College Dropout' Bear Costume Worn By Kanye West Could Be Yours For $1M, Say Its Owner

If you’re wondering what happened to the bear costume from “The College Dropout” era, look no further! When one thinks of Kanye West and “The College Dropout” album, the image of the bear that graced the cover may ultimately come to mind. Now fans will potentially be able to get their hands on it thanks to designer Sam Hansen. Per Complex, following an interview on the origins of “The College Dropout” bear with Hansen, Andrew Barber of Fake Shore Drive has unlocked a new discovery on what could now be a collector’s item. In an all-new sit down with Eric Arginsky, the person who worked closely with Ye and others, Barber learned that there was an abandoned effort to bring a plush bear line to the surface to promote the album. Since that line never saw the light of day, Arginsky ultimately landed ownership of the costume. In fact, it isn’t even the original costume from the cover as he explains that Ye’s team was never able to secure a deal with the school to gain possession of the...

Nov 17, 2021