Each year the combined revenue for the celebrity gossip industry is over $3 billion. Yes, that is right, the industry that reports the latest celebrity news and latest celebrity gossip make over $3 billion this year. This includes magazines, tabloids, and obviously online reporting and television shows like TMZ.
People love celebrities and love to hear about what celebrities are doing. The latest entertainment news is craved by many Americans to the point where celebrities make endorsement money just based on who they are. A Harvard Business School conducted a study in 2011 and this revealed that when a company signed a big-name endorser it increased their sale’s by just about $10 million each year and a .25% increase in stock returns.
If you want the latest celebrity news then there is no shortage of outlets for you to tackle. Here is what you should know about the latest celebrity news.
In the years of 2014 and 2015, the highest celebrity earner was Floyd Mayweather and he made just about $300 million annually. Celebrity induced support for causes is much higher amongst people between the ages of 18 and 36 as opposed to Americans over the age of 86. The annual spending power that comes from the hip-hop demographic equates to nearly $500 billion each year.
In 1996 Tyra Banks was the first African American to be featured on the cover of GQ, Sports Illustrated, and Victoria’s Secret lingerie catalog. In the month of July in 2011, hip-hop received the most likes on Facebook from college students in the United States as opposed to any other genre. In the year of 2008, almost 7 million people in the United States went to hip-hop and rap concerts.
One of the film industry’s most highly paid actors is none other than Will Smith and almost all of his films have grossed over $100 million. Denzel Washington has won two Oscars and is one of the few black actors that have won an Academy Award and became the second in history after Sidney Poitier who won his in 1963.
As of 2010, Black Entertainment Television was viewed in more than 90 million homes worldwide and is the most prominent television network that targets young Black-American audiences and is the leading provider of Black-American cultural and entertainment based programming.
The Oprah Winfrey show aired for 25 seasons between the years of 1986 and 2011. This means it was placed on 120 channels and was broadcasted to an audience of 10 million people. The how managed to gross over $125 million by the end of its year and Oprah received $30 million from the money generated by the company.
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Beyonce currently has an estimated net worth of $450 million and is viewed as the most successful female solo artist in the world. Her husband Jay-Z has a net worth of $650 million which brings their collective wealth to $1 billion. Jay-Z managed to earn his 11th Number 1 album on the Billboard 200 with his album The Blueprint 3 which allows him to beat out Elvis for the record of the most number one albums by a solo artist.
In Conclusion
Finding the latest celebrity news is much easier than you think. As a matter of fact, you can easily just take to Google or your favorite search engine and you can find a lot of the latest celebrity news all throughout the search engine.