How will Travis Scott and Kylie Jenner’s manufacturers be impacted by Astroworld tragedy? Experts weigh in.

Experts weigh in on how Travis Scott and Kylie Jenner could be financially impacted following the Nov. 5 Astroworld tragedy.

Experts weigh in on how Travis Scott and Kylie Jenner might be financially impacted following the Nov. 5 Astroworld tragedy. (Photo: Getty Images for Netflix)

Kylie Jenner returned to social media for the primary time since she was criticized for her dealing with of the Astroworld tragedy whereas associate Travis Scott stays out of the general public eye. It has been lower than three weeks for the reason that rapper carried out through the lethal live performance that killed 10 folks and injured a whole bunch of others. 

Scott, 30, has been named in a number of lawsuits totaling greater than $three billion {dollars} they usually proceed to pile up. But what precisely is the rapper on the hook for? One authorized professional says the case will “come down to what he knew regarding safety issues, when he knew the issues and what he did about them.”

“If Scott actively disregarded known risks to his concertgoers either before the show or during it, he could be on the hook for negligence, at the least, and the millions of dollars in damages that could result from the suits,” legal professional Rachel Fiset, managing associate of Zweiback, Fiset & Coleman, tells Yahoo Entertainment. “Incidents at Scott’s prior concerts will be a factor in plaintiffs’ claims that Travis Scott should have done more to alleviate the risks at his show, but the investigations into what happened to cause the horrific tragedy at Astroworld is still ongoing and Scott’s knowledge appears to be yet unknown.” 

Fiset says Scott “could be held liable for millions in damages, which, of course, could lead to bankruptcy with the amounts possible as a result of these lawsuits.” However, will probably be a stretch to place this simply on Scott. While it is unclear how the incident will instantly impression the musician financially, his model might be broken past restore. 

“It’s been a brand disaster through a treasure chest of blunders,” says disaster PR professional Eric Schiffer. “After the incident, he said he was devastated, but Travis’s initial words don’t ring true with many people. Why did he keep performing when emergency vehicles were pulling up if he was so devastated? Why didn’t he stop the music and have producers announce it? Why did he and Drake throw a party right after?”

Schiffer believes Scott was “slow to respond” — the rapper finally issued an announcement late the next day.

“Attempts to manage his brand have not changed a perception that he allowed an environment that caused a lethal night of music,” Schiffer provides. 

Scott is hardly simply Mr. Kylie Jenner. Forbes declared the “Sicko Mode” singer a “brand whisperer” touchdown him on its 30 underneath 30 checklist. He reportedly made $20 million from his cope with McDonald’s, launched his hard-seltzer Cacti and partnered with Nike and its Air Jordan line on Cactus Jack, a sub-brand he created. Nike has postponed the discharge of its newest sneaker collaboration following the tragedy. Dior is evaluating whether or not to move ahead with its spring males’s line in collaboration with Scott.

“You are witnessing the single most incredible brand hit to a music performer in modern American history. Travis is sitting on a powder keg that could see his empire go boom,” believes Schiffer. “Many brands will view Travis like the plague, potentially facing his entrepreneurial explosion. Travis’s legal liability is nothing compared to the severe financial pain and suffering he may undergo with brand deals napalmed before his eyes. Nothing material has ended, but he is an incremental groundswell away from people and families outraged enough to direct their anger toward Travis’s brand partners.”

It was introduced Scott and Kylie’s joint W Magazine cowl, which was shot previous to the tragedy, won’t be digitally launched or promoted following the incident. So is {that a} signal of issues to return for the facility couple?

“There will continue to be a significant slowing down of any action and a lot of analysis and watching of how Travis manages things over the following days and weeks,” explains Schiffer.

As for Kylie’s solo billion-dollar model, she’ll probably come out unscathed. The actuality star was in attendance on the live performance, however was safely ushered out of the VIP part with Kendall Jenner. The Kardashians had been criticized throughout the board for showing insensitive after the tragedy, posting about Kris Jenner’s birthday and principally going about enterprise as ordinary. 

“Kylie and the Kardashian family will not be held to the same standard as Travis. So the criticism won’t materially affect the Kardashians,” says Schiffer.

“If I was advising Travis, I let him know that because trust is damaged, the battleground will need to hyper-focus on defining who is the real Travis Scott. I’d make it clear that his most significant risk is that he comes across to many as aloof,” he continues. “Travis has the difficult challenge of having the public make sense of past events where he fostered a lack of safety against a picture of what he wants: the responsible and unaware innocent bystander despite people suggesting he was getting warned of the deaths below his stage.” 

Travis Scott and Drake named in $750 million Astroworld lawsuit:

Source

Leave a Reply

Your email address will not be published.

Back to top button

Adblocker detected! Please consider reading this notice.

We've detected that you are using AdBlock Plus or some other adblocking software which is preventing the page from fully loading. We don't have any banner, Flash, animation, obnoxious sound, or popup ad. We do not implement these annoying types of ads! We need money to operate the site, and almost all of it comes from our online advertising. Please add www.postofasia.com to your ad blocking whitelist or disable your adblocking software.