Rapper Financial News

Adidas has brought in $437 million from the first release of Yeezy sneakers left over after breaking ties with Ye, the rapper formerly known as Kanye West

By Helen Reid

South Korean music group Tomorrow X Together is set to take the stage at the upcoming Lollapalooza music festival in Chicago, US, as a first-time headliner. Also called TXT, the band first performed at the gala in 2022. According to a press release, TXT will become the second K-pop act after BTS member j-hope to headline the festival, scheduled to run from August 3 to August 6 this year. The group — comprising Soobin, Yeonjun, Beomgyu, Taehyun and HueningKai — will perform at Lollapalooza 2023 on August 5 from 8.30 pm to 10.00 pm. The performance will be available for live viewing for global fans everywhere on Weverse Live, YouTube, and Hulu (only in the US), the release said. At the gala, the quintet will be accompanied by a live band and will present a set-list of songs from their discography.

Cardi B found herself confronting a fan who threw a drink at her on stage during a performance in Las Vegas. The incident prompted a swift reaction from the «WAP» rapper, as she fiercely hurled her microphone back at the attacker. Subsequently, the fan filed a police report for battery.

rapper G Herbo, who was under trial for using stolen credit card information to fund his lavish lifestyle, has pleaded guilty. The singer faces a 25-year prison sentence if convicted. His sentencing is due on November 7, 2023.

Harry Styles, Pink, Bebe Rexha, Kelsea Ballerini and so many other artistes, Cardi B is the latest singer to fall prey to the disturbing trend of onstage attacks by fans. In a video that has gone viral, Cardi B can be seen entering on stage in an orange dress, and just as she says hello, a fan throws her drink at the singer. As a reflex action and being visibly in a bad mood after the incident, Cardi B can be seen immediately throwing her microphone back at the fan. Cardi B was disgusted with the act of the so-called fan, who was standing right in front of the stage in the pit.

Elon Musk, who had acquired the platform just weeks before, to suspend the artist from X. Musk, in that period, categorized West's post as an "incitement to violence." The rapper, now professionally known as Ye, reportedly reassured the platform that he would refrain from sharing any antisemitic content or using harmful language on his account, according to the Journal.

Kanye West, on Saturday, after it was suspended nearly eight months ago because the rapper had violated the platform's rules prohibiting incitement to violence. Ye's account now shows his last post from Dec. 1, a day prior to when his account was suspended on platform X, the new name owner Elon Musk has given Twitter.

rapper G Herbo pleaded guilty Friday to his role in a scheme that used stolen credit card information to pay for a lavish lifestyle including private jets, exotic car rentals, a luxury vacation rental and even expensive designer puppies. Under a deal with prosecutors, the 27-year-old Chicago rapper, whose real name is Herbert Wright III, entered a guilty plea in federal court in Springfield, Massachusetts, to conspiracy to commit wire fraud and making false statements. In exchange, prosecutors dismissed several counts of aggravated identity theft. He also agreed to forfeit nearly $140,000, the amount he benefited from what prosecutors have said was a $1.5 million scheme that involved several other people. «Mr. Wright used stolen account information as his very own unlimited funding source, using victims' payment cards to finance an extravagant lifestyle and advance his career,» acting U.S. Attorney Joshua Levy said in a statement. Sentencing is scheduled for Nov. 7, and he faces a maximum of 25 years in prison. A voicemail seeking comment was left with his attorney.

Call of Duty, the popular first-person shooter video game franchise, is gearing up to launch a new season on August 2. This upcoming season will be available for two titles, Modern Warfare 2 and Warzone Season 5. In addition to introducing fresh maps and weapons, players can look forward to a special lineup of playable characters (operators).

Adidas is releasing a second batch of Yeezy-branded sneakers next month as it sheds its inventory and association with the rapper Kanye West. The German sportswear giant said Friday the unsold sneakers would be put on sale throughout August. Adidas’s first Yeezy drop in May was hotly anticipated by sneaker fans and helped the company’s revenue and bottom line in the second quarter.

Adidas is releasing a second batch of high-end Yeezy sneakers after cutting ties with rapper Ye, formerly known as Kanye West

Sony India is aiming 40 per cent growth in its audio business in the current fiscal, led by rising demand for premium products in the segment, its Managing Director Sunil Nayyar said on Thursday. The company is expecting a «promising» growth in some of the segments as soundbars and personal audio products like earphones and headphones continue its lead, outpacing the market growth rate. Sony India, which aims to be the dominant premium audio brand here, gets around 20 per cent of its sales revenue from the audio business and expects its contribution to become higher in the coming years. «Audio business is very promising in India and the premium market (in the segment) is growing and the growth rate is high. This composition will continue to increase every year,» Nayyar told PTI. He further said:" The growth of the audio might outpace the growth of other categories." The company logged 21 per cent growth in the audio business in the last fiscal. The audio business includes soundbars, party speakers, True Wireless range of headphones and buds.

Snoop Dogg, the renowned West Coast rap legend, has canceled his scheduled Hollywood Bowl shows, which were meant to celebrate the 30th anniversary of his landmark debut album "Doggystyle." Taking to Instagram on July 25, the Grammy-nominated rapper and actor said, “We regret to inform you that due to the ongoing strike and the uncertainty of when this will be over, we need to cancel the Hollywood Bowl show. We continue to stand in solidarity with all of our brothers and sisters in the WGA and SAG-AFTRA during this difficult time and remain hopeful that the AMPTP will come back to the negotiating table with a REAL proposal and we can all get back to work.” Both organizations, the Writers Guild of America (WGA) and the Screen Actors Guild – American Federation of Television and Radio Artists (SAG-AFTRA), have taken a firm stand, demanding better conditions and fair treatment for writers and actors in the entertainment industry. The strikes come in response to unsuccessful negotiations with the Alliance of Motion Picture and Television Producers (AMPTP). Snoop Dogg had initially postponed the Hollywood Bowl shows from June 27-28 to October 20-21, hoping for a resolution to the labor disputes. However, with the strikes ongoing and no definite end in sight, he has made the difficult decision to cancel the anniversary shows.

Rihanna stunned her fans when she entered her favorite restaurant Georgio Baldi, in Los Angeles and flaunted her baby bump. Wearing a crop top, a pair of light denim jeans, and a floor-length coat, she proudly showcased her growing baby bump. Her one-year-old son was in her arms as she went to Santa Monica’s Italian hotspot. The singer started dating rapper A$AP Rocky in 2020 and announced the first pregnancy in January 2022. Rihanna welcomed her first child RZA in May in the same year. Earlier, Rihanna, surprised her fans when she announced her second pregnancy during her Super Bowl halftime performance in February this year. The singer earlier said that motherhood changes her life. Rihanna is considered one of the most important singers of the 21st century. She first sang with Def Jam in 2005, and soon she came out with two albums and became an instant hit with these albums. ‘Music of The Sun’ and ‘A Girl Like Me’ were influenced by Caribbean music and they became extremely popular in America. Both of the albums reached the top ten of the Billboard 200 chart. Her third album ‘Good Girl Gone Bad’ came in 2007 and it established Rihanna as a major icon in the industry. She received her first Grammy Award for ‘Umbrella’. She is the second most popular female artist of all time with a total sale of 250 million records. She has worked with artists like Kanye West, Jay Z, Ne-Yo, Shakira, Eminem, and Drake. She has 14 number-one singles, 32 top-ten singles in the U.S., and 31 top-ten singles in the UK to her credit.

BERLIN (Reuters) -Unexpectedly strong sales of Yeezy shoes left over from Adidas (OTC:ADDYY)' abandoned collaboration with rapper Ye should reduce the sportswear giant's expected operating loss this year to 450 million euros ($498.56 million), the company said on Monday.

Investing.com — Shares in Adidas AG (ETR:ADSGN) edged higher on Monday after the Financial Times reported that sales of the first batch of the German sportswear group's unsold «Yeezy» shoes topped its «most optimistic forecast.»

Broward jury found themselves deadlocked, unable to reach a unanimous decision on whether rapper YNW Melly was guilty of murdering his two childhood friends over four years ago. Broward Circuit Judge John Murphy declared the case a mistrial, leaving many wondering about the significance of this outcome. Craig Trocino, director of the University of Miami Law's Innocence Clinic, sheds light on the situation, cautioning against comparing high-profile cases like Melly's to ordinary criminal justice proceedings.

YNG Cheese passed away in a triple shooting incident in Philadelphia, which left two others injured. He was 25. The two men injured were 28 and 31 years old, and are in hospital. NBC10 has confirmed that the person who died in the shooting was rapper Gillie Da Kid’s son, Cheese. The triple shooting happened at night on Thursday, July 20, 2023, and claimed the life of YNG Cheese. According to the police, the shooting took place at 8:24 pm local time on the 5800 block of Mascher Street in Philadelphia. The police have not confirmed the identity of the deceased, but a source close to YNG Cheese’s family confirmed to NBC10 that it was the young man who died. The cops described the deceased as a 25-year-old man who was shot in the back once. He was taken to hospital by the police but was pronounced dead at 8:39 pm. Gillie Da Kid is a rapper and a popular podcast host of the show ‘Million Dollaz Worth of Game’, which he hosts alongside influencer Wallo267. He is also an actor in movies like Blood Brotha, Chase Street, Philly Uncut, and Force of Execution. YNG Cheese took to his father’s profession. As a rapper himself, Cheese had over 63,000 followers on Instagram. He posted his music and about his little son on his social media page. His last Instagram post was on June 30, where he shared a video about his bad experience at a fast food joint. YNG Cheese also had a YouTube channel, on which he posted music videos to songs like Let’s Play Ball, Last Time, What U Want, and The One, among others.