Fresh off the 20-year anniversary of the chart-topping hit, It Wasn't Me, dancehall megastar Shaggy has linked up with Cheetos to bring some nostalgic feels to Super Bowl LV.
The ad features Shaggy alongside celeb couple Ashton Kutcher and Mila Kunis in a comedic rendition of the classic hit centered around Cheetos' new Crunch Pop Mix. The Boombastic rapper told Cheddar that it's been an amazing ride to be able to celebrate a song that has stayed relevant for two decades, especially on such a massive stage like the Super Bowl.
"The thing about this song is it's relatable. I think that's what really did it," he told Cheddar.
"It's big because this is arguably one of the biggest Super Bowls in decades because of the fact that for the first time it's during COVID, of course," he added.
Much like the NFL pressing on through the pandemic, Shaggy said he hasn't let the impact of the virus lower the volume on his mic. Last year, he released Hot Shot 2020, a re-recording of the 2000 release.
This year also is shaping up to be a good one for the rapper as he gears up for a new release. "I just did an amazing record with my friend Anthony Hamilton that I'm really, really proud of," he said.
When it comes to adapting to the times, the proof is in the pudding, Shaggy explained, and he attributed his keeping a finger on the pulse of the culture by connecting with young creatives. He also touted championing artist empowerment and the new age of music discovery on social media apps like TikTok.
"It's amazing to watch, amazing to be a part of and to have gone through the journey from when it was cassettes all the way to CDs, to downloads, to ringtones, to streaming," he said. "We have seen music gone back into the hands of the artist, where a lot of it is controlled by the artist interaction with their fan base and that determines them getting on playlists and stuff like that."
Shaggy also shared similar sentiments circulating among musicians in regards to what many of them deem as unfair practices on the part of the record labels when it comes to fair payment in the age of streaming.
"Of course we're hoping legislation comes down to really bring a lot more money to streaming for a lot of these artists. These record companies have been having a field day for quite a while, and I've seen throughout this pandemic, where artists didn't get to tour a lot, especially [when] they were really counting on their streaming income," he said.
A Senate bill unveiled on Wednesday looks to tackleonline safety for children by regulating Big Tech and social media platforms to deter users from content that can harm their mental health. Irene Ly, a policy counsel for the age-based ratings and review organization Common Sense Media, joined Cheddar News to break down the potential of the Kids Online Safety Act. "We can't be imposing such a big burden on parents to be doing it all on theirselves," Ly said. "I think you also have to keep in mind that parents often didn't grow up with social media, so they don't understand what it's like to be addicted to social media or really understand how they work."
While many still remain skeptical about the metaverse, big tech firms and even one big bank are ready to expand their virtual worlds. Facebook parent company has pivoted so hard it will now call its employees 'Metamates,' and even JPMorgan Chase has created its own digital lounge on one virtual platform. While the sector remains young, there seems to be significant investment opportunity, especially with companies like Nvidia. Adam Johnson, a portfolio strategist at Adviser Investments, joins Closing Bell to discuss which companies could win in this space, consumer appetite, and more.
Marc Blinder, Co-Founder and CEO of Aikon, joins Cheddar News' Closing Bell, where he discusses how his company is helping businesses use blockchain applications without needing to learn the intricacies of the new technology.
The Federal Reserve minutes from its January meeting are indicating it's sticking to an interest rate hike in March, but what does the report coupled with ongoing inflation mean for investors going forward? Scott Brown, a market strategist at LPL Financial, joined Cheddar News to break down the minutes and talk about how investors might navigate the rest of the year. "it seems like the market is kind of inclined to trade off these headlines, really, through the first half of the year," he said. "And then, oh, don't forget, we've got midterm elections, which always tend to add a little bit of volatility in the second half of the year." Brown noted that the path forward for stock investors in 2022 would be "rockier" than last year.
Season 13 "Shark Tank" contestant Tania Speaks secured a $400,000 deal for her Speaks Organic Skincare brand with "Shark" Mark Cuban while also being named one of the best pitches in the history of the show — all at 19 years old. Now 20, Speaks joined Cheddar News to talk about the skincare line, the clean beauty industry, and the moment that host Cuban was moved by her pitch. "I couldn't believe that he got emotional. I'm surprised I held back my tears that long," the young entrepreneur revealed. "It's just amazing for someone else to be inspired by your story, especially Mark Cuban himself."
The media giant formerly known as ViacomCBS has officially rebranded itself as Paramount Global with a focus on its streaming service, Paramount Plus. Naveen Chopra, chief financial officer at Paramount, joined Cheddar to discuss the company’s name change and streaming wars. "There are components of content licensing that we continue to do, either historical arrangements or opportunities to license content that don't really impinge on what we're trying to do with our owned and operated services and that continues to be an important ingredient in our broader financial model," he said. "But our number one priority is putting our best assets on Paramount Plus." Chopra also discussed theatrical release windows before feature films hit its service and the platform's subscription goals.
The recent 7.5% year-over-year increase in consumer prices is the highest since 1982, and drew some strong reactions from investors, with speculations that the Federal Reserve will hike interest rates by 50 points instead of 25. But other analysts believe that the Fed will stick with its original plan of 25 points next month. Chris Vecchio, Senior Analyst, at DailyFX broke down how the Fed could potentially react to the historically high inflation data.
