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Mamet’s title came back to me while I was reading Patti Hartigan’s biography of another essential American playwright, August Wilson. Wilson, who died in 2005, spent so much time lingering in diners that “Writing in Restaurants” is a plausible alternative subtitle for Hartigan’s “August Wilson: A Life.”Wilson was a large, bearded man, often in tweeds and a pageboy cap. He’d sit in the back with a cup of coffee and an overflowing ashtray. As his fame grew, he’d find a place in each city where his plays were staged. It was his daily slice of experimental theater.
Persons: WILSON, Patti Hartigan, David Mamet, Patti Hartigan’s, August Wilson, Wilson, Hartigan’s “, ” Wilson, He’d, , Arthur Treacher’s Fish, he’d Locations: , New York City, Boston, Seattle, Caffe Ladro
Walter Isaacson shared a sneak peek inside Elon Musk's $50,000 house. Walter Isaacson gave people a glimpse into Elon Musk's $50,000 home on Sunday. Walter Isaacson shared a photo inside of Elon Musk's house. At the time, Musk denied living in the modular house, saying that he lives in a different small house in Texas. In 2020, Kanye West, one of Musk's longtime acquaintances, shared a photo from inside one of Musk's houses.
Persons: Walter Isaacson, Elon, Musk, " Isaacson, Isaacson, Walter Isaacson Here's, Henry Gade's, Elon Musk's, we've, Coke, Weeks, he'd, Kanye Organizations: SpaceX, Elon Musk's, Twitter, SpaceX's, Wall Street Locations: Boca Chica , TX, SpaceX's, Boca Chica , Texas, Elon Musk's, Mars, Texas
Adidas said it made $437 million from the first sales of Yeezy shoes since cutting ties with Kanye West. A second batch of Yeezy items dropped Wednesday as Adidas keeps trying to shift leftover stock. The company kicked off another round of Yeezy sales Wednesday, including the popular sneakers Yeezy Boost 250 V2, 500, 700 and the Yeezy Slide and Foam Rnr lines. Demand for the remaining Yeezy stock has helped to bring the company's expected annual loss down from $764 million forecast in March to $491 million. In line with Gulden's promise that the company will "continue to carefully sell off more of the existing Yeezy inventory", a second batch of Yeezy sneakers went on sale this week.
Persons: Bjørn Gulden, Robert Kraft's, Ye, Gulden Organizations: Adidas, Kanye, Service, Associated Press, Fox News, Defamation League, Keeta Floyd Institute for Social, Robert Kraft's Foundation, Combat Locations: Wall, Silicon, German
Adidas has to manage Yeezy drops very carefully, Gulden said, adding that the company's guidance was conservative. Adidas' 2023 outlook does not include the second Yeezy release, which is being sold through retailers as well as Adidas' own channels. JD Sports (JD.L) said it had started selling Yeezy shoes from the second drop on Wednesday. Citi analysts expect further Yeezy drops to generate 1.5 billion euros ($1.64 billion) in revenues and 700 million euros in earnings after Adidas' planned charity donations. Adidas donated 10 million euros in the second quarter and set aside 100 million euros for further donations to charities including the Foundation to Combat Antisemitism and the Anti-Defamation League.
Persons: Bjorn Gulden's, Ye, Gulden, Harm Ohlmeyer, Kanye West, Shannon Stapleton, Zuzanna Pusz, Pusz, Liu Qingyi, Shuting Qiu, Helen Reid, Mark Potter, Jan Harvey, Alistair Bell Organizations: FX, Adidas, JD, Citi, Foundation, Combat, Defamation League, ADIDAS, REUTERS, UBS, North, Thomson Locations: Garden City , New York, U.S, Greater China, China, Shanghai, North America
Sales of surplus Yeezy shoes generated around 400 million euros ($437 million) in the second quarter, helping Adidas reduce its predicted loss for the year to 450 million euros, down from the 700 million euro loss previously expected. JD Sports (JD.L) said it had started selling Yeezy products from Adidas' second release of Yeezy shoes on Wednesday. Adidas said its 2023 outlook does not include the second Yeezy release. Citi analysts expect further Yeezy drops to generate 1.5 billion euros in revenues and 700 million euros in earnings after Adidas' planned charity donations. North America was the laggard, with sales dropping 16.4% in currency-neutral terms, which Adidas put down to high inventory levels there.
Persons: Kanye West, Shannon Stapleton, Bjorn Gulden's, Ye, Cristina Fernandez, Fernandez, Gulden, Liu Qingyi, Shuting Qiu, Helen Reid, Sonali Paul, Mark Potter, Jan Harvey Organizations: Adidas, REUTERS, FX, Foundation, Combat, Defamation League, Telsey, JD, Citi, North, Thomson Locations: Garden City , New York, U.S, New York, Greater China, China, Shanghai, North America
Adidas and AB InBev influencer hangover may return
  + stars: | 2023-08-03 | by ( ) www.reuters.com   time to read: +3 min
LONDON, Aug 3 (Reuters Breakingviews) - Adidas (ADSGn.DE) and Anheuser-Busch InBev (ABI.BR) are showing some unexpected resilience in the face of influencer trouble. Belgium beer producer AB InBev, meanwhile, grappled with a different influencer headache. The world's largest brewer experienced an April consumer boycott after picking transgender influencer Dylan Mulvaney to promote its popular Bud Light brew. And while AB InBev say 80% of its consumers still look favourably or are neutral on Bud Light, the brand was dethroned as the top selling U.S. beer in May. Still, Adidas trades at 10 times its forecast 2025 EBITDA, below its peer Nike's (NKE.N) 16 times, and AB InBev trails Heineken (HEIN.AS) by an even larger margin.
Persons: Kanye West, Ye, influencer Dylan Mulvaney, Bud Light, Karen Kwok, Lisa Jucca, Sharon Lam Organizations: Adidas, LONDON, Reuters, Anheuser, Busch InBev, InBev, Heineken, Twitter, Thomson Locations: Garden City , New York, U.S, Belgium, North America, Mexico
Adidas upgrades outlook as Kanye West fallout fades
  + stars: | 2023-08-03 | by ( Anna Cooban | ) edition.cnn.com   time to read: +2 min
London CNN —Adidas upgraded its earnings outlook for the year Thursday, in part because of demand for the company’s remaining stock of its discontinued Yeezy merchandise. Adidas (ADDDF) now expects to make a €450 million ($491 million) operating loss in 2023, a much better outcome than the €700 million ($764 million) loss it had forecast back in March. Last week, Adidas said it would put another batch of its Yeezy inventory up for sale during August. CEO Bjørn Gulden said Thursday that Adidas had sold between 20% and 25% of its stock of Yeezy shoes, according to Reuters. Adidas said its 2023 outlook does not include the second Yeezy release.
Persons: , Ye, Bjørn Gulden Organizations: London CNN, Adidas, Reuters, ” Adidas Locations: , China, North America, Europe
X Corp., formerly known as Twitter, filed a lawsuit on Monday in federal court, accusing British researchers of unlawfully accessing data and selectively picking posts to show a rise in hate speech on the platform after Elon Musk acquired the company last year. The suit, against the nonprofit Center for Countering Digital Hate, focused on research the organization published in June. In one report, the CCDH looked at 100 different accounts subscribed to Twitter Blue and found that Twitter failed to act on 99% of hate posted by users. Other CCDH research indicated that Twitter failed to act on 89% of anti-Jewish hate speech and 97% of anti-Muslim hate speech on the platform. It also sued Israel-based Bright Data over alleged unauthorized scraping and selling of content and user data pulled from the platform.
Persons: Elon, Elon Musk, Elon Musk's, Imran Ahmed, Ahmed, Ye, West, Satya Nadella Organizations: X Corp, Twitter, Elon, SpaceX, Facebook, Bright Data, U.S, Ninth Circuit, LinkedIn Locations: Northern California, Dallas, Texas, Israel, U.S
Mahogany L. Browne's Love Letter to Hip-Hop
  + stars: | 2023-08-01 | by ( Mahogany L. Browne | ) www.nytimes.com   time to read: +4 min
Latto, “Put It on da Floor Again” (2023)The video for this song featured, among others, the L.S.U. ), Lil’ Kim shot to stardom with her debut solo single, “No Time,” which was eventually certified gold by the Recording Industry Association of America. Benzino, “Rock The Party” ft. Mario Winans (2002)Might this be the only rap single recorded by a magazine mogul to hit the Billboard charts? The rapper Benzino, real name Raymond Leon Scott, was a co-owner of the iconic hip-hop magazine The Source. Benzino, “Rock The Party” ft. Mario Winans (2002)I’m a boss in a skirt, I’m a flirt.
Persons: Warren G, Tupac Shakur, Michael McDonald’s “, Lil Wayne, Lil Wayne’s “ Tha Carter, phenom, Rip, Angel Reese, , , MC Lyte, Sean “ Diddy ” Combs, Missy Elliott, Slick Rick, Slick Rick’s, Eric B, Momma, Miss Ivana, Lil ’ Kim, Charlie Wilson, Big Sean, Mario Winans, Benzino, Raymond Leon Scott, Anna Wintour, spinnin, I’m, York ” Organizations: New, Tigers, Party, Public, Biz, Recording Industry Association of America, Pitchfork, YG, VH1 Locations: New Orleans, Manhattan, :, York
The lawsuit filed on Monday said Kante is entitled to more than $20 million in profit from the infringing music. Representatives for Kante, Lipa and WMG did not immediately respond to requests for comment on Tuesday. Kante's website said he has played the Talk Box on songs by musicians including rappers Kanye West, Big Boi and J. Cole. The lawsuit said producer Stephen Kozmeniuk approached Kante in 2019 about creating a talk-box track to use on "Levitating." "Levitating" was released on Dua Lipa's hit 2020 album "Future Nostalgia."
Persons: Singer Dua Lipa, Florion, Bosko Kante, Kante, Lipa's, WMG, Lipa, Sandy Linzer, Russell Brown, Kanye, Big, J, Cole, Stephen Kozmeniuk, DJ, Madonna, Missy Elliott, DaBaby, Blake Brittain, David Bario, Richard Chang Organizations: Singer Dua, Skanderbeg, REUTERS, Warner Music Group, Kante, Thomson Locations: Tirana, Albania, Dua Lipa, Los Angeles, British, Lipa, Washington
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Persons: Dow Jones Organizations: kanye, wests
CNN —X, formerly known as Twitter, has reinstated Kanye West’s account on the social media platform. West will not be able to monetize his account, and no ads will appear next to his posts, the company told the Wall Street Journal on Saturday. The musician’s account was suspended in December for violating the platform’s rules on inciting violence. It’s not clear whether West submitted an appeal, or if something else prompted his account’s reactivation. CNN has reached out to Twitter and a representative for West but has not received a response.
Persons: Kanye, West –, Ye, West, David, Elon Musk, , Musk, It’s Organizations: CNN, Wall, Adidas, Twitter, West
Kanye West, legally known as Ye, has been reinstated on Twitter, or X as it is now known. West, known as Ye, was banned for a second time in December after a string of antisemitic remarks. Ye won't be able to monetize his account and ads won't be placed alongside his posts, reported the WSJ. According to the Wall Street Journal, Ye won't be able to monetize his account and advertisements will not be placed alongside his posts. Ye previously had his account restricted in October 2022 after making comments about Jewish people which breached the platform's guidelines.
Persons: Kanye, Ye, David . Ye, Alex Jones, Adolf Hitler, Elon Musk, X Organizations: Twitter, Service, Wall Street, Adidas Locations: West, Wall, Silicon
Musk's X social media platform reinstates Kanye West's account
  + stars: | 2023-07-29 | by ( ) www.reuters.com   time to read: +2 min
July 29 (Reuters) - Social media platform X reinstated account of Ye, the artist formerly known as 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. Ye won't be eligible to monetize his account on X, and advertisements won't appear next to his posts, the Wall Street Journal reported on Saturday, citing the social media platform. The social media platform did not immediately respond to Reuters' request for comment. After Ye went on a string of antisemitic rants in interviews and on social media he lost his partnership with Adidas (ADSGn.DE) and Gap (GPS.N) for Yeezy products.
Persons: Ye, Elon Musk, David . X, Musk, Donald Trump's, Trump, Baranjot Kaur, Alistair Bell Organizations: Wall Street, Reuters, Twitter, Adidas, Thomson Locations: Bengaluru
New York CNN —Gap has named a new CEO, from toy giant Mattel, nearly a year after its previous leader departed. The retailer announced Wednesday that Richard Dickson, currently Mattel’s president and chief operating officer, will assume the position. First the president of the Gap division and later CEO of the company beginning in 1995, Drexler pushed Gap to expand beyond jeans into khakis and oversaw the creation of the budget-chain Old Navy in 1994. It doesn’t help that Old Navy and Banana Republic are also struggling, adding to Dickson’s challenges. In short, being CEO of Gap is not for the faint of heart,” Saunders said.
Persons: Richard Dickson, He’s, Dickson, ” Dickson, Barbie, Neil Saunders, GlobalData, , Chris Blakeslee, Alo Yoga, West, Sonia Syngal, Mickey Drexler, Drexler, Paul Pressler, Glenn Murphy, Peck, Syngal, ” Saunders Organizations: New, New York CNN, Mattel, Jones New, Warner Bros, CNN, Athleta, Republic, Kanye West, Navy, Disney, Gap, Banana Republic Locations: New York, Jones New York, Zara, North America, Peck
A fashion week guest seen wearing red Adidas yeezy shoes, outside paul and joe during London Fashion Week September 2022 on September 17, 2022 in London. German sportswear giant Adidas on Monday said it expects a significantly smaller operating loss for the year after recording better-than-expected early sales of its Yeezy stock, which it is offloading after cutting ties with collection creator Ye. The company also reported a slight outperformance in the underlying Adidas business and said it still expects underlying operating profit, excluding one-offs related to Yeezy and a wider ongoing strategic review, to roughly break even for the year. "If successful, potential future Yeezy drops would further improve the company's results," Adidas said in a statement, refering to further releases of existing inventory. That left the question of what the company would do with its existing Yeezy stock.
Persons: paul, Ye, David Swartz Organizations: Adidas, London, Defamation League, Keeta Floyd Institute for Social Locations: London,
CNN —Strong sales of leftover Yeezy inventory is helping Adidas recoup some of its losses. Recent sales of the shoes left over from the abandoned collaboration with Ye, the rapper formerly known as Kanye West, should reduce Adidas’ expected operating loss to $498.3 million, the company said in a statement on Monday. Adidas announced some of their Yeezy inventory was available for sale in a statement in May. In addition to the lower operating loss, the potential write-off for remaining Yeezy inventory decreased to $443 million. These sales only included some of Adidas’ Yeezy leftover inventory, and the company said in the statement this may be the first of many for the discontinued shoe.
Persons: CNN —, Ye, Scott Olson, , Bjørn Gulden Organizations: CNN, Adidas, Getty
Adidas sees smaller 2023 loss thanks to Yeezy sales
  + stars: | 2023-07-24 | by ( ) www.reuters.com   time to read: +2 min
The German company had previously forecast a full-year operating loss of 700 million euros. Operating profit for the second quarter was 176 million euros, down from 392 million a year earlier. Adidas said the potential impact of a Yeezy stock write-off was now 400 million euros, down from 500 million euros expected previously. The shoes' popularity has endured despite Ye's public pronouncements, with Yeezy shoes selling at high premiums on resale sites. Adidas said the rest of its business also did "slightly better than expected" in the second quarter.
Persons: Ye, Bjorn Gulden, Helen Reid, Thomas Escritt, Jan Harvey, Susan Fenton Organizations: Adidas, Kanye, Defamation League, Thomson Locations: BERLIN
July 24 (Reuters) - Adidas (ADSGn.DE) got orders worth more than 508 million euros (about $565 million) for 4 million pairs of unsold Yeezy shoes, better than the company's "most optimistic forecast," the Financial Times reported on Monday. Adidas stopped selling Yeezy shoes from its defunct partnership with Ye in October after the rapper formerly known as Kanye West made a series of antisemitic comments. Adidas declined to comment saying it was in a "quiet period" ahead of its quarterly results due Aug. 3. Adidas Yeezy shoes are seen in a store on the day Adidas terminated its partnership with the American rapper and designer Kanye West, now known as Ye, in Garden City, New York, U.S., October 25, 2022. Adidas had forecast a loss this year before announcing its intentions to sell leftover Yeezy stocks.
Persons: Ye, Kanye, Kanye West, Shannon Stapleton, Bharat Govind Gautam, Juby Babu, Savio D'Souza, Nivedita Organizations: Adidas, Financial Times, REUTERS, Thomson Locations: Garden City , New York, U.S, China, Bengaluru
CNN —The inimitable Taylor Swift has been on her record-breaking “Eras” tour and along the way, she’s played a different “surprise song” to change up the setlist at every concert. On Saturday during her Seattle concert, Swift’s surprise song was an acoustic version of “This Is Why We Can’t Have Nice Things,” a “Reputation” album track that’s been long-speculated by Swifties to be about Kanye West, who has notoriously clashed in public with the singer through the years. It all started, as if we could forget, when the “Gold Digger” rapper notoriously interrupted Swift at the 2009 MTV Video Music Awards while she was accepting the award for best female video. The artists clashed again in a 2016 dispute over whether or not the rapper cleared lyrics with Swift for his song “Famous,” wherein he calls Swift a “b—” and takes credit for her fame. Despite the fact that a handful of songs from the 2017 album are played regularly on the “Eras” tour, “Nice Things” serves as a very specific reminder of what may bubble up when the “Reputation (Taylor’s Version)” album eventually comes out.
Persons: Taylor Swift, she’s, Swift’s, Swifties, , Swift, John Mayer – Organizations: CNN, Kanye Locations: Seattle, Swift’s
CNN —A music festival in Malaysia has been canceled after the lead singer of British band The 1975 Matty Healy slammed the country’s anti-LGBTQ laws and kissed a bandmate on stage. The on-stage incident at the Good Vibes Festival in Kuala Lumpur on Friday night prompted the country’s Ministry of Communications to cancel the rest of the three-day event. Homosexual acts are illegal in Malaysia and punishable by fines and up to 20 years in prison. Healy added that the band considered canceling the show but decided against it to not disappoint the fans. In 2019, Healy kissed a male fan during a concert in Dubai, in defiance of the region’s anti-LGBT laws.
Persons: Matty Healy, Healy, , , you’re, ” Healy, Ross MacDonald, It’s, – Healy Organizations: CNN, country’s Ministry of Communications, Ministry of Communications, Digital, Malaysian Home Affairs Ministry, Nazi, Kanye, Twitter Locations: Malaysia, Kuala Lumpur, Dubai
This week, the actors Sofia Vergara and Joe Manganiello announced their divorce after seven years of marriage. Ariana Grande and her husband, Dalton Gomez, also appeared to be on the outs. Fans were trawling the stars’ social media posts, looking for any clue about what was going on — on their ring fingers, in their facial expressions and even in the posts the stars liked. Because dealing with a breakup is one of the most relatable things a star can do. “Breakups are such an identifiable thing,” said Alicia Mintz, who hosts the podcast “Trashy Divorces” with her wife, Stacie Boschma.
Persons: Marilyn, Joe, Brad, Jennifer, Angelina, Elizabeth, Richard, Tom, Gisele, Kim, Kanye, Diana, Charles, Henry VIII, Sofia Vergara, Joe Manganiello, Ariana Grande, Dalton Gomez, , Alicia Mintz, Stacie,
Adidas is now asking West to return $75 million of marketing funds, per Bloomberg. The rapper previously said he spent $50 million of marketing money on his gospel choir tour. It relates to a marketing fund that was worth $100 million a year, according to court documents seen by Insider. Adidas says $75 million was paid into two Yeezy bank accounts, but Ye and the companies "mishandled virtually all of the marketing funds," by failing to keep it separate and spending on unauthorized purposes, per Bloomberg. In a 2020 interview on Nick Cannon's podcast, Ye said that he spent $50 million of Yeezy marketing funds on Sunday Service — his gospel choir tour that included flights to Jamaica for 120 people.
Persons: Kanye, West, Ye, Nick Cannon's, Valerie Caproni, Organizations: Kanye West, Adidas, Bloomberg, Service Locations: Wall, Silicon, Jamaica
From Taylor Swift On her birthday in 2019, Swift shared this photo of herself as a child. From Taylor Swift A 13-year-old Swift sings the National Anthem before an NBA game in Philadelphia in 2002. Kevin Winter/ACMA/Getty Images Swift sings the National Anthem before Game 3 of the 2008 World Series in Philadelphia. John Mabangalo/Pool/Getty Images Swift performs during a sold-out show at New York's Madison Square Garden in 2009. Jeff Kravitz/Getty Images Swift performs on stage during an "Eras Tour" concert in Atlanta in April 2023.
Persons: CNN — Taylor Swift, ” Swift, , Swift, ” Taylor, shaming, ” Taylor Swift, Christopher Polk, Scott, Andrea Swift, Taylor Swift, Jesse D, Tim McGraw, Kevin Winter, John Mabangalo, Chad Batka, Bryan Bedder, Larry Busacca, Miley Cyrus, Lucas Till, Hannah Montana, Sam Emerson, Everett, Jonas, Frank Masi, Taylor, I'm, West, Beyonce, Jeff Kravitz, Lucy Nicholson, Christopher Morris, Josh Haner, Kevin Mazur, James Taylor, Charles Sykes, Matt Sayles, Mark J, Terrill, Invision, Jimmy Fallon, Douglas Gorenstein, Nicholas Harvey, Kanye West, Kim Kardashian, Laraine Newman, Bill Hader, Taran Killam, Kristen Wiig, Keenan Thompson, Fred Armisen, Kerry Washington, Betty White, Bradley Cooper, Dana Edelson, Andrea, Ethan Miller, Tim Boyles, Selena Gomez, Jordan Strauss, Mike Coppola, John Shearer, Andrew Lloyd Webber, Brandon Urie, Katy Perry, Republic Records Jack Antonoff, Aaron Dessner, Will Heath, Seth Wenig, Terence Rushin, didn’t, It’s, , Scooter Braun, Braun Organizations: CNN, Staples Center, NBA, of Country, Garden, New York Times, New York's Rockefeller Center, Walt Disney Co, Kanye, Madison, MTV, NBC, ACM, Academy of Country, Getty, New York's Metropolitan Museum of Art, Universal Pictures, Coachella, Republic Records, New York University, Machine Locations: Los Angeles, West Reading , Pennsylvania, Philadelphia, Las Vegas, New York, Auburn Hills , Michigan, Newark , New Jersey, Pennsylvania, Frankfurt, Germany, London, Arlington , Texas, Tampa, Chicago, Atlanta
At least seven analysts trimmed their fiscal 2024 expectations for Nike's earnings per share since the beginning of June and 10 slashed their price targets on the company's stock, ahead of its fourth-quarter results. "Coming into this current calendar year ... wholesale orders are weak at the moment," said Morningstar analyst David Swartz, adding that declines in these orders will have a negative impact on Nike. Reuters GraphicsTHE CONTEXTIn March, Nike warned of earnings pressure amid its attempts to get rid of excess inventory through heavy discounts. In May, retailer Foot Locker, which has touted its 'renewed' relationship with Nike, also flagged declining sales, particularly for fashion-oriented sneakers. Barclays analysts noted Nike could see "moderation, and potentially negative, wholesale channel growth" in the fourth quarter.
Persons: David Swartz, Jane Hali, Jessica Ramirez, Kanye, Ananya Mariam Rajesh, Krishna Chandra Organizations: Nike, Wall, Associates, Adidas, Jordan Retro, LeBron, Nike Brand, Barclays, Reuters, Refinitiv, Thomson Locations: United States, China, Bengaluru
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