After referring to Elon Musk as a “damn idiot” and declaring, “I can’t live here for four years,” Alec Baldwin lost a sponsorship agreement for $86 million.

 

The corporation that secured the $86 million sponsorship agreement reconsidered their stance. The business decided to sever connections with Baldwin because.

Yhey were concerned that his erratic remarks may damage their reputation, particularly with customers who share Musk’s libertarian stance.

The sponsorship, according to those involved with the matter, was seen as a means of establishing a more progressive and inclusive image.

That was unrelated to the harsh and polarizing vitriol that Baldwin had unleashed. What Was at Risk in the Sponsorship Agreement?

Baldwin, who has established himself as a well-known media influencer in addition to being a gifted actor, considered the $86 million sponsorship agreement in question to be a huge victory.

Significant endorsements on a variety of channels, including social media campaigns and appearances at important brand events, were reportedly part of the contract.

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