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Fashion Photo Session In Paris - November 2024
A real Hermès Birkin bag (Edward Berthelot/Getty Images)

Walmès: TikTok’s big Birkin dupe debate

Should bags be used to store value or just stuff?

Jamie Wilde

An “affordable Birkin” used to be an oxymoron, but a knock-off of the ultra-expensive purse has made its way onto Walmart’s shelves and TikTok feeds. Walmart’s sold out “Kamugo” tote costs $78 to $102 depending on its size, undercutting Hermès’ iconic Birkin by thousands of dollars. 

The copycat bag caught TikTok’s attention not just because it’s a solid dupe made of real leather. The bag’s affordability also has TikTokers questioning the ethics of ultra-expensive bags — and debating whether Hermès has taken exclusivity too far. 

One TikToker called Birkin bags a “display of wealth” and a “class status symbol,” arguing that the bag’s namesake Jane Birkin only had one Birkin bag that she wore “to the ground.” In other words, these TikTokers don’t think bags should be so expensive that people collect and display them instead of actually using them. 

US District Court Judge Jennifer Rochon recently agreed that bags are meant to be used in her ruling against Coach and Kate Spade parent Tapestry’s proposed acquisition of Versace and Michael Kors parent Capri Holdings.

Rochon said, “Downplaying the importance of handbags as nonessential discretionary items that consumers can simply choose not to buy if the price is too high ignores that handbags are important to many women, not only to express themselves through fashion but to aid in their daily lives.” Rochon said that people need and use bags to carry items for work, personal hygiene, and kids.

But for many, Birkins aren’t used to carry anything. Instead, they’re a store of value — an investment thats kept locked up in a temperature-controlled closet. There’s a reason for that: one study found that the average Birkin’s price rises 16% annually, 6% more than the S&P 500’s historical average. 

Other bag makers are following Birkin’s example by building up the prices of their most popular purses. LVMH-owned Louis Vuitton came out with a $1 million made-to-order duffel, and Chanel has nearly doubled the price of its classic flap bag in four years.

Meanwhile, Birkin customers renewed an antitrust lawsuit related to Hermès’ exclusive selling practices, alleging the company only sells Birkins to customers that have spent gobs of money on other Hermès products.

So while consumers are building up affordable, accessible dupes online, they’re also looking to knock the real items down a notch and force brands to make them a little less exclusive. 

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Netflix is staffing up an apparent AI animation studio called INKubator

According to several public job listings, streaming giant Netflix appears to be building a GenAI animation studio called INKubator.

First reported by journalist Janko Roettgers in the Lowpass newsletter, INKubator seems to have launched in March and aims to “develop feature-quality content in a creator-led environment.”

As Lowpass reports, INKubator appears focused on AI-generated short-form animation, but listings imply ambitions toward longer-form content. Netflix didn’t immediately respond to a request for comment.

INKubator wouldn’t be Netflix’s first foray into AI. Back in March, it acquired Ben Affleck’s AI filmmaking startup InterPositive — which trains on individual films’ already-shot footage — for as much as $600 million depending on certain targets.

Netflix’s potential future AI-generated animations could be served to an increasingly ad-packed streaming service. At Netflix’s Upfront presentation on Wednesday, the company said its ad-supported tier has now reached 250 million subscribers globally, up 31% from November.

As Lowpass reports, INKubator appears focused on AI-generated short-form animation, but listings imply ambitions toward longer-form content. Netflix didn’t immediately respond to a request for comment.

INKubator wouldn’t be Netflix’s first foray into AI. Back in March, it acquired Ben Affleck’s AI filmmaking startup InterPositive — which trains on individual films’ already-shot footage — for as much as $600 million depending on certain targets.

Netflix’s potential future AI-generated animations could be served to an increasingly ad-packed streaming service. At Netflix’s Upfront presentation on Wednesday, the company said its ad-supported tier has now reached 250 million subscribers globally, up 31% from November.

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Saleah Blancaflor

Netflix confirms a “KPop Demon Hunters” world concert tour is on the way

Netflix has a “Golden” mine and it's digging deeper.

At its fourth annual TV Upfront presentation on Wednesday, Netflix President of Advertising Amy Reinhard announced a partnership with AEG Presents to create a “KPop Demon Hunters” world tour that will bring the phenomenon to life.

In March, Bloomberg previously reported Netflix was planning a global world tour sometime next year ahead of the sequel in arenas that would hold 10,000 to 20,000 fans, though the news had not been confirmed by the company nor had a partner been in place at the time. 

“KPop Demon Hunters” is Netflix’s most watched film of all time, racking up 481.6 million views globally during the second half of 2025. Since its release, the HUNTR/X trio of Ejae, Audrey Nuna, and Rei Ami has appeared and performed at several major events including late-night talk shows, award ceremonies, and most recently at Coachella, where they were a surprise guest for Katseye. It hasn’t been confirmed whether the trio will be on the tour.

The announcement of the tour comes after Netflix co-CEO Ted Sarandos shared in a recent blog post that the company spent $135 billion on licensing and original film and TV over the last 10 years.

This year, Netflix has a projected content spend of $20 billion, up 10% year over year, while its annual revenue forecast is between $50.7 billion and $51.7 billion. The streaming giant has brought in more than $46 billion in profit over the past decade.

Netflix said more details around cities and tickets for the concert tour are expected to come out later this year.

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