There is no question that celebrity news is absolutely loved in the United States. There is a strong sense of hero worship that seems to take place in this country and it often involves actors and actresses, musicians, and athletes. These people are beloved because of their status in society and also the way that they live their lives as well as the money they bring in every single year.
In 2014-2015, Floyd Mayweather was the highest celebrity earner, with an annual income of $300 million. The Oprah Winfrey Show aired for 25 seasons, from 1986 to 2011. With its placement on 120 channels and an audience of 10 million people, the show grossed $125 million by the end of its first year, of which Winfrey received $30 million. These are two celebrities that are known to dominate the celebrity news cycle.
Celebrity news is so popular that the latest entertainment news can be found on a television show ran the publication TMZ. Every week they have a show that dives into the latest Hollywood and celebrity news. The combined revenue for the celebrity gossip industry tops more than $3 billion per year. This goes to show that celebrity news is incredibly popular amongst Americans, especially those that are much younger.
A 2011 study by Harvard Business School concluded that signing a big-name endorser increases a company’s sale by $10 million annually and spurs a 0.25% increase in stock returns. Celebrity-induced support for causes tends to be higher among 18-36 year-olds (27%) than older Americans. Only 10% of mature peoples (68+) claim to support a cause due to a celebrities actions.
Black Entertainment Television, also known as BET, is viewed in more than 90 million homes worldwide. As of 2010 it was the most prominent television network targeting young black-American audiences and was the leading provider of black American cultural and entertainment based programming.
Beyonce has an estimated net worth of $450 million as one of the most successful female music artists in the world. As for her husband Jay-Z, his net worth is $650 million, which brings their collective wealth to $1 billion. Jay Z earned his 11th No. 1 album on the Billboard 200 with The Blueprint 3. This allowed him to beat out Elvis, for the record of most number one albums by a solo artist.
Denzel Washington has won two Oscars. He is one of the few black actors to have won an academy award and became the second in history after Sidney Poitier who won his in 1963. Will Smith is one of the film industry’s most highly paid actors nearly all of his films have grossed over $100 million. 6.94 million people in the U.S. visited RandB/rap/hip-hop concerts within a period of 12 months prior to spring 2008.
Tyra Banks is the first African American to be featured on the covers of GQ in February 1996, the Sports Illustrated Swimsuit Issue in 1996, and Victoria’s Secret lingerie catalog. As of July 2011. Hip-hop received the most “likes” (314,540) on Facebook from college students in the U.S. out of any other musical genre.
There are more than 45 million African-Americans living in the U.S., according to Census Bureau data. That?s about 15 percent of the nation’s population. In 2013, New York had the most African-American residents, with 3.7 million. $500 billion is the amount of annual spending power that the hip-hop demographics are able to contribute every year.
There is no question that for the foreseeable future the consumption of celebrity news will continue to be incredibly popular in the United States. People love to escape from their everyday lives into the lives of celebrities. THey want to feel like they are a part of these people’s lives and thus they want to truly get into the lives of celebrities.