US Edition
Corporate Sponsors Like Pepsi, Nissan, Mastercard, and More Pull Back From NYC Pride
- Several major corporations including Pepsi, Nissan, Mastercard, and Citi are reducing or withdrawing sponsorship from NYC Pride events in 2025, particularly the Pride March scheduled for June 29 in New York City.
- This corporate retreat follows a $750,000 budget shortfall worsened by funding gaps from the COVID-19 pandemic and concerns about potential political backlash linked to the Trump administration's anti-DEI policies.
- GLAAD and survey data show that public support for Pride remains strong, with 85 percent of Americans believing CEOs should speak out on social issues and 70 percent reacting positively or neutrally to brands selling LGBTQ+ Pride merchandise.
- GLAAD President Sarah Kate Ellis emphasized that demonstrating support for LGBTQ individuals and staff is essential for businesses, strengthening connections with customers and promoting unity nationwide, while also noting that LGBTQ consumers represent a powerful market with $1.4 trillion in spending capacity.
- The decline in corporate Pride sponsorship suggests that political pressures rather than consumer sentiment are driving companies to scale back involvement despite ongoing public support and growing influence of diverse consumer groups.
79 Articles
79 Articles
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