News

Kanye West’s billionaire status is erased after Adidas nixes deal

Published

2 years ago

October 26, 2022

The musician is no longer a member of the ten-digit club following his antisemitic remarks

On Tuesday, Forbes confirmed that Ye has lost his billionaire status as multiple companies are distancing themselves from the rapper, who has won 24 Grammy Awards.

The Adidas deal helped make Ye a billionaire and aided the German sportswear company in having a more edgy appeal.

However, the collaboration could not survive the recent outcry over the rapper’s offensive and antisemitic remarks.

In making the decision to immediately stop production of its line of Yeezy products and stop payments to Ye and his companies— Adidas says it expects to take a hit of up to $246 million to its net income for 2022.

Forbes estimated that Adidas accounted for $1.5 billion of Ye’s net worth effectively kicking him out of the ten-digit club.

The split-up comes on the heels of Gap Inc. announcing in September it would dissolve their partnership with West.

Additionally, according to reports, the talent agency CAA has dropped West as a client.

News

Why Australia is becoming the new home of the Hollywood blockbuster

Published

2 days ago

May 17, 2024

Nathan Langridge

Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.

The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.

The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.

Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.

Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured

News

Portal between countries shut down after international flashing

Published

2 days ago

May 17, 2024

Nathan Langridge

An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

News

U.S. home prices surge 47%

Published

2 days ago

May 17, 2024

ticker NEWS

American home prices are rising at faster pace now than in the last 20-years.

A recent analysis reveals a jaw dropping surge in the cost of American homes.

Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.

On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.

Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.

Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.

#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending