Invision/Charles Sykes via Associated Press
- Kim Kardashian West revealed in a lawsuit against fast-fashion brand Missguided how much she typically demands to be paid for sponsored Instagram posts and endorsement deals.
- Kardashian West said she commonly receives $300,000 to $500,000 for a single Instagram post.
- For longer-term endorsements, Kardashian West typically signs multimillion-dollar deals, with her attorney claiming she recently agreed to a $6 million annual deal with a wearable-consumer-goods company.
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Kim Kardashian West revealed in a recent court filing how much it costs to make a deal with the reality star and entrepreneur — and it is far from cheap.
In February, Kardashian West and her corporation, Kimsaprincess Inc., filed a lawsuit against Missguided in the US District Court for the Central District of California, accusing the fast-fashion brand of "unlawful misappropriation" of Kardashian West’s image and persona.
Missguided is known for creating inexpensive replicas of celebrities’ outfits. The company had featured photographs of Kardashian West on social media and its website, in one case posting images of Kardashian West in a golden outfit next to a newly designed, extremely similar golden outfit for sale on Missguided’s website.
Missguided / Kim Kardashian West / Instagram
Kardashian West argues in the court filing that Missguided’s unauthorized use of her trademarked name and likeness is illegal, as the reality television star would typically be paid hundreds of thousands of dollars for such a deal. In an affidavit filed earlier in May, Kardashian West broke down exactly how much she is typically paid for endorsements.
Kardashian West says she commonly receives $300,000 to $500,000 for "just a single Instagram post endorsing another company’s product that I like."
For longer-term arrangements, Kardashian West says she typically pursues multimillion-dollar deals, often seeking equity in the licensee. Todd Wilson, who serves as counsel for Kardashian West and Kimsaprincess, said in an affidavit that she has entered into such deals "numerous" times.
Wilson said that a licensing deal he recently negotiated on behalf of Kardashian West with a wearable-consumer-goods company provides a proper benchmark for the value of such a deal.
"Under this license, the company is entitled to use Kim’s name and likeness to advertise and sell its products," Wilson said. "Kim has some minimal promotional obligations."
"In consideration, this consumer goods company has agreed to pay cash compensation exceeding $6 million annually, plus a grant of substantial equity in the company," Wilson continued.
Charley Gallay/Getty Images for LACMA
In the case of Missguided, both Kardashian West and Wilson said in the court filing that the star would have demanded a deal with a minimum guarantee of $5 million.
Kardashian West is seeking $10 million in damages in the lawsuit against Missguided. Representatives for Kardashian West and Missguided did not immediately return Business Insider’s request for comment on this story.
"Missguided shoppers know the score — We’re about the look, without the celeb bucks," Missguided said in a statement to Business Insider in February. "For the record, as much as we love her style, we’re not working with Kim on anything."
In the affidavit, Kardashian West claims that Missguided’s use of her image makes it appear as if she endorses products she does not, which confuses fans and could discourage companies seeking to pen deals with the celebrity. According to Kardashian West, she frequently turns down potential deals and typically insists upon approving products that are promoted using her name and image.
"Because a significant portion of my business involves the licensing of my name, trademarks, and images, I work very hard to ensure that my brand means something to my fans and to the public, who view the use of my name as the stamp of approval by me," Kardashian West states.
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Source: Business Insider – ktaylor@businessinsider.com (Kate Taylor)