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February 17, 2023

Drake and 21 Savage Settle Legal Beef with Condé Nast

Drake and 21 Savage are staying out of court. The two rappers have settled their case with Condé Nast, following their fake Vogue cover as part of their epic Her Loss promotional rollout. In response to the settlement, Will Bowes, a lawyer for the publishing giant, said, “It was clear to us that Drake and 21 Savage leveraged Vogue’s reputation for their own commercial purposes and, in the process, confused audiences who trust Vogue as the authoritative voice on fashion and culture.” The amount of the settlement is unknown at this time.


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New Balance Sales Leap 115% Year-over-Year

It’s been quite a week for New Balance, which announced its “Klutch Athletics” sportswear brand on Wednesday. On Thursday, via GOAT’s aftermarket platform, New Balance reported a 115% increase in sales year-over-year. Across GOAT and Flight Club, the sneaker company is the fifth-best-selling brand — fourth most in-demand shoe. They boast the New Balance 550 as its best-performing shoe, accounting for 36% of all New Balance sales during the calendar year.

YouTube CEO Steps Down

In a message to staff, YouTube CEO Susan Wojcicki announced Thursday that she’ll be stepping down from her role after nine years with the company. Wojcicki mentioned that she’s leaving to “start a new chapter focused on my family, health, and personal projects.” During Wojcicki’s time, YouTube grew to be one of Google’s top platforms for digital creators, despite competition from social platforms such as TikTok. The former CEO joined Google in 1999 to help build out its ad business and analytics product, then became CEO when Google bought YouTube in 2006. She will be succeeded by former head of product, Neal Mohan.

Solange Announces Music Series in Partnership with Brooklyn Academy of Music

In an exclusive interview with Vulture, Solange Knowles revealed that she will host Eldorado Ballroom, alongside her creative agency Saint Heron and the Brooklyn Academy of Music. Per Variety, the series “will feature and honor Solange’s predecessors and peers across genres, platforms, and generations.” Artists kicking off the Grammy winner’s event include R&B artists Res, KeiyaA, and Kelela in celebration of Res’s 2001 debut, How I Do, and Kelela’s newly released project, Raven. There will also be films centered around Black subjects on display.

Read more details from Boardroom’s Vinciane Ngomsi.

Chicago Bears Finalize Deal for New Stadium

The Chicago Bears have finalized the purchase of property for a new facility in Arlington Heights, setting the stage to move on from Soldier Field. The purchase is reportedly worth $197.2 million with potential for 48,000 jobs and $9.4 billion in revenue if and when the development goes through. “There is still a tremendous amount of due diligence work to be done to determine if constructing an enclosed state-of-the-art stadium and multipurpose entertainment district is feasible,” the team said in a statement. Franchise QB Justin Fields told Barstool’s “Pardon My Take” that he wants the new stadium to be a dome. “I hope we get a dome. I don’t care if we’re at Soldier Field, I don’t care if we’re at Arlington Heights. I hope we get a dome.”

NBA & KidSuper Launch Limited-Edition Fanatics Collection

NBA apparel and Fanatics have worked closely over the years to build a line that blends fashion, street culture, and fandom. On Thursday, the Association and KidSuper brand teamed up to create jerseys that honor the culture of all 30 teams in the league. The collab was spearheaded by Brooklyn-born fashion designer Colm Dillane, who put an emphasis on pastel-like jerseys and shorts just in time for NBA All-Star Weekend. Jerseys are currently selling for $199.99 and shorts for $149.99. It marks a big month for Dillane who curated the Louis Vuitton menswear show at Paris Fashion Week.

NBA Announces Fan Experience Partnership with Cosm

The NBA has partnered with experiential media, entertainment, and immersive technology company Cosm, the league announced Thursday. “The promise of Cosm is to give you the best seat in the house, no matter where that house is. It is the best of at-home and in-arena experience as one, and we’re thrilled to deliver on that promise with the NBA,” Cosm President and CEO Jeb Terry said in a release. As part of the deal, Cosm will use its venues to provide fans with live-game viewing experiences, meant to bridge the virtual and physical worlds. Cosm will showcase select NBA League Pass games on large-scale LED-dome systems equipped with 8K resolution. For now, it’s only offered at Cosm Experience Center in Salt Lake City, home to NBA All-Star Weekend 2023.

Read more details from Boardroom’s Michelai Graham.