DIDDY PENS OPEN LETTER TO CORPORATE AMERICA: Diddy penned an open letter to corporate America, calling out different companies like General Motors for the lack of financial support for Black owned media brands. In the letter, entitled, “If You Love Us, Pay Us: A Letter From Sean Combs to Corporate America,” he wrote, “REVOLT, just like other Black-owned media companies, fights for crumbs while GM makes billions of dollars every year from the Black community. Corporations like General Motors have exploited our culture, undermined our power, and excluded Black entrepreneurs from participating in the value created by Black consumers.” He continued, We demand that Corporate America reinvest an equitable percentage of what you take from our community back into our community. If the Black community represents 15% of your revenue, Black-owned media should receive at least 15% of the advertising spend.” He ended his letter saying, “We are prepared to weaponize our dollars,” he said. “If you love us, pay us! Not a token investment. Not a charity check or donation.”
NIKE SETTLES LAWSUIT AGAINST MSCHF OVER LIL NAS X'S SATAN SHOES: According to TMZ, Nike has settled the lawsuit against design studio MSCHF over Lil Nas X's “Satan Shoes.” Nike said in a statement, “Today, April 8th, Nike and MSCHF have agreed to settle the lawsuit. As part of the settlement, Nike has asked MSCHF, and MSCHF has agreed, to initiate a voluntary recall to buy back any Satan Shoes and Jesus Shoes for their original retail prices, in order to remove them from circulation. If any purchasers were confused, or if they otherwise want to return their shoes, they may do so for a full refund.” The statement continued, “Purchasers who choose not to return their shoes and later encounter a product issue, defect, or health concern should contact MSCHF, not Nike. The parties are pleased to put this dispute behind them.” Meanwhile, MSCHF released a separate statement saying that the “settlement was the best way to allow it to put this lawsuit behind it so that it could dedicate its time to new artistic and expressive projects.”
