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Generation Y Not Buying Into Jay Z's Brand Because They Don't Trust Him Anymore

 

Jay Z seems to be making a new business deal almost every week. The Roc Nationmogul is the true definition of a hustler. And while that is applauded by those who see him as a man who turned nothing into a nearly half billion dollar empire, it's hurting him among Millennial consumers, also known as Generation Y, according to Business Insider.

 

 

Research by celebrity branding expert Jeetendr Sehdev, reveals that Jay Z's deal withSamsung, who bought one million copies of his Magna Carta Holy Grail album and gave them away for free to users who downloaded Samsung's Android mobile app, was ranked 2nd behind Justin Bieber's partnership with OPI as the most disliked "celebrity marketing deal of 2013 among consumers aged 13-31."


The $20 million partnership lined Jay's pockets to the tune of $5 million, but Apple Insider writes that the app contained spyware that tracked your location, phone numbers you called, which apps you use and your device ID.

 

 

 

Given Samsung's first party spyware tool disguised as a free album, users don't have to worry about rogue malware developers snooping on their activities, calls, apps and location. They're already being exploited by their phone's maker and the operating system it runs, which are optimized for data collection and remote monitoring

 

Then there is the issue of the rapper's constant name brand dropping (he referenced eight different luxury brands more than twenty times on MCHG), his frequent collaborations with "hot" artists like Rick Ross, Justin Timberlake and Kanye Westand the way he dabbles in different genres of music like R&B, hip hop and pop.

 

 

"Millennials question the exact nature of Jay Z’s role in the artistic process," Sehdev told Business Insider. "Does he really write his own songs? Is he choosing the artists to collaborate with, or is he just the face of a money-making empire? We rarely see this true side of him. I believe Jay Z is going to need more exposure of his true self, meaningful partnerships, and true philanthropic efforts to get back into the good books of Millennials."



As a minority partner in the Brooklyn Nets and a Brooklyn, New York native, Jay was instrumental in helping the team move from New Jersey to his hometown. As part of the$5 billion Atlantic Yards project which helped to build the Barclays Center where the Nets play, there was a component to build 
2,250 units of affordable housing in Prospect Heights, adjacent to downtown Brooklyn.

 

 

Barclays opened on September 21, 2012. The affordable housing units are still not yet completed. In September 2013, Jay sold his share of the Brooklyn Nets to Jason Kidd.

 

According to Business Insider, Jay was the least influential in purchasing influence among celebrities in a survey of 1000 Millennials.

 

The survey found that Jay Z scored 70% lower in the categories of trustworthiness and honesty than did celebrities like Morgan Freeman and Jennifer Lawrence, an issue Sehdev chalks up to Jay's intense focus on making money seemingly however he can.

 




Jay Z has also taken a public hit from the recent Barneys controversy. The high end retail outlet has been accused of racially profiling it's customers in New York City. At the time the accusations came to light the rapper had already struck a deal with the store to roll out the "Sean Carter Collection," which consisted of high priced, clothing, backpacks, rings and more.

 

After looking into the situation Jay released a statement via his Life+Times website announcing he was moving ahead with the collection.

 

In the past several weeks two separate investigations were launched as a result of the wrongful detention of Trayon Christian and Kayla Phillips. My team has been privy to the status of the Barneys third party consultant investigation. In continuing our research, we also contacted the New York State Attorney General’s office for the status of their investigation into both Barneys and Macy’s. Those findings are not yet available.

 

While I await the findings of the Attorney General’s Office, I have agreed to move forward with the launch of BNY SCC collection under the condition that I have a leadership role and seat on a council specifically convened to deal with the issue of racial profiling. I am in a unique position to use my voice to affect change to this disturbing issue. The easy position would have been to walk away and leave policy making to others hoping that someone addresses the problem. I will not leave the outcome to others. I will take this into my own hands with full power to recommend, review and revise policies and guidelines moving forward. I am choosing to take this head on.

 

As I previously stated, the collaboration with Barneys has always been about giving and The Shawn Carter Foundation. From this collection, the Foundation will receive not only 25% of sales, it will now receive the additional 75% of Barneys’ sales, totalling 100% of all sales from BNY SCC. Along with 100% of sales from the collaboration, the Foundation will receive an additional 10% of all retail sales from Barneys New York stores nationwide and Barneys.com on November 20th.  - Shawn “JAY Z” Carter



 

The statement did little to satisfy the people who wanted Jay to pull out of the Barneys deal. Some felt like Beyonce's husband had nothing to do with the actions of the store and therefore should not be criticized, while others remained angry.

 

What does this all mean? Will Hov's albums and merchandise suddenly stop selling? That's highly doubtful, but it does indicate that consumers most likely to buy his products aren't convinced that Jay Z is as trustworthy as they would like him to be.

 

Sources: Business InsiderApple InsiderNew York Daily News

Views: 2092

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Comment by C.F. James on January 4, 2014 at 5:33pm

I don't have anything of his: music, clothes, whatever, so.........?! He's not getting rich off of me......so......

Comment by Ronsay on January 3, 2014 at 12:39am

the one thing blk ppl don't understand is, no matter how much money you have, the moment you piss of the elite your ass will go right back where you came from, with nothing!!!! Hey, I respect any one of us who makes it this far financially and successfully, but don't get cocky. As my grandmother use to say, "quick as God give he can take away". plenty of wealthy ppl have lost everything, due to greed and selfishness.

Comment by Cee Gee on January 2, 2014 at 8:30am

Do you Jay, I ain't mad at you....only you can worry about your soul. 

Comment by rashid rourk on January 1, 2014 at 2:29am

I wonder how he feels about this article, will he dismiss it or consider what they're saying?

Comment by mr fix on December 31, 2013 at 6:50pm

One thing regular people don't and most likely never understand is that when you have money there is only one thing left to that these people have to do his keep making money and plenty of it. If you don't know Business your answers will reflect that you're i'm talking about you. 

Comment by Ruff de Gehto Travler on December 31, 2013 at 3:07pm

This is a bad joke right !!!! Jay don't need dem misguided youth let them go run Barneys and get spit on @@@ They will learn

Comment by Anthony on December 31, 2013 at 12:09pm

There is hope for the younger generation after-all.....

Comment by Lisa E on December 31, 2013 at 3:54am
He got his money already so he really don't give a hoot. Find a better storie CF.
Comment by Big Woman on December 31, 2013 at 2:14am
@Vaughn Mitchell, true that!
Comment by vaughn mitchell on December 30, 2013 at 9:25pm

what products? who have money to waste on a t-shirt that cost a couple of hundred dollars.

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