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Failed business projects of famous musicians

Failed business projects of famous musicians

We often hear the saying that “a genius is a genius in everything,” but how true is that? How many stars of domestic and foreign show business have proved this in practice, for example, combining creativity with ordinary (and sometimes far from ordinary) business? However, some artists such as Ivan Malkov (Infraction) start successful copyright free music sites. Let’s not argue, they are like that. After all, the creative profession is something treacherous, today there is work, and tomorrow – no. Therefore, there is nowhere without security, and an additional source of income has never stopped anyone. But business, as they say, is a thin line. And all this did not work out.

Timberlake’s tarnished reputation

It has become a tradition for celebrities to open their restaurants. American singer Justin Timberlake, who opened a star restaurant with the “modest” name “Destino” in the center of Manhattan, did not ignore it either. The institution gained immense popularity but after seven years of successful work it was forced to close. The culprit was a burst drain in the dining area and a rumored (and illegal) plumbing installation.

But Justin’s desire to become a famous restaurateur still prevailed, and after some time, he opened a second restaurant called Southern Hospitality. This time Timberlake decided to add to the institution the southern flavor of his small homeland (Justin Timberlake is a native of Tennessee): lots of wood, steaks and pork ribs. The restaurant exists today, although it traditionally brings Justin a lot of problems. The latest news in the media was the presence of rodents in the establishment and 28 violations by the sanitation inspection.

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kanye west style

The fashion industry is no less popular among star businessmen. And it seems – here it is a goldmine for those who only want to earn money in their name. But here too, we would like it to be smoother.

A prime example of this is Kanye West’s clothing line. It all started in knots when the rapper assembled a team of experts and began creating a collection. He went into details, worked hard and even took a break from music for a while. But the collection never saw the light of day.

Another failure for Kanye was the clothing brand Yeezy. In 2013, West’s company registered the rights to produce clothing and shoes under the Yeezy brand, but later, for unknown reasons, did not renew them for the release of clothing. When the company remembered this the trademark was already in possession of the Chinese.

The Wolf Without Wall Street: Bono’s Investment Company U2

Irish rock musician and U2 frontman Bono decided to soar even higher and opened his own investment company specializing in the entertainment and media business. Bono successfully entered the new environment, such IT giants as Yelp! and Facebook. However, the decision to invest in Forbes, which owns the money-laden magazine of the same name, unexpectedly cost the rock musician hundreds of millions of dollars. During the crisis, the company’s share price declined by up to 80%. Following this poor investment, 24 Wall Street named Bono America’s Worst Investor.

The Celebrity Aperitifs of Mariah Carey and Pharrell Williams

and American singer Mariah Carey, backed by Italian entrepreneur Stefano Zagni, launched a line of sparkling wine. The first test batch consisted of 24 exclusive bottles, each costing 1.5 thousand pounds. Critics unanimously condemned the drink and urged the singer to turn the first batch into the last. Meraya was quick to do so, and later, in an interview, she admitted that she could not stand the taste of his wine.

Rapper Pharrell Williams was also spotted in the market for the revelatory drinks. He created his own liqueur for adult and independent women, but the drink was not appreciated by iron ladies, and the liqueur moved to the shelves of bartenders in nightclubs. And soon it had to be withdrawn from production due to poor sales.


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