In the United States, one of the very strongest industries involves entertainment news and celebrity gossip. People of all backgrounds and age groups crave the latest celebrity news and latest Hollywood news. Thus, they are looking for a source for a today in entertainment type of news source. Therefore, news on entertainment stories is more important than ever before.
Today, entertainment and media are so prevalent there are subcultures that exist to cater so specific cultural groups. For instance, the best example of this type of situation is none other than BET, Black Entertainment Television. Data shows that this channel is viewed in over 90 million homes across the country. AS of the year 2010, it was the most prominent network specifically targeting younger, African-American audiences.
People across the country want to get their hands on the latest entertainment news and more. Thus, publications and new sources are available on all sorts of media avenues. Whether you want written magazines, television shows, or social media snippets, there are options available. Here are more facts below:
The Entertainment News Industry Is Powerful
Between the years of 2014 and 2015, data shows that the highest celebrity earner was Floyd Weather. Floyd Mayweather is a boxer that manages to rake in historic numbers for all of his pay per view fights. People believe in the idea of celebrities in both entertainment and sports!
The raw numbers surrounding the celebrity gossip industry show just how strong it is in terms of profit. The combined revenue for the celebrity gossip industry tops more than $3 billion per year. As a result, there are so many investors trying to make a profit in this industry. Thus, customers have so many available options when consuming entertainment news and more.
Entertainers Are More Popular Than Ever Before
Will Smith is one of the film industry’s most highly paid actors, nearly all of his films have grossed over $100 million. There are citizens that go out of their way to try and see movies with particular actors and more. Look no further than the Oprah Winfrey show. This show ran for 25 seasons between the years of 1986 and 2011. It was placed on nearly 120 channels and garnered an audience of 1 million people while grossing $125 within the first year!
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. People are willing to buy products from a company if their favorite entertainer is the brand face or model. Thus, companies spend a lot of money on big-name endorsements and more!
Subcultures For Entertainment News Now Exist /strong>
There are more than 45 million African-Americans living in the United States, according to Census Bureau data. That’s about 15 percent of the nation’s population. Now, entertainment news are focusing on providing news and information to certain cultures and demographics. That way, they can corner a particular market for a consistent avenue of income.
Two of the most popular black entertainers are Beyonce and Jay-Z and they are currently married. Beyonce’s net worth is nearly $450 million and is considered to be the most successful female artist on the planet. Jay-Z has a net worth of nearly $650 million. thus, their collective wealth is a whopping $1 billion. As a couple, they drive a lot of entertainment news publications and media sources.
In Conclusion
Every single year, celebrity worship grows and expands. People really want their information on what celebrities are doing and more. This includes relationships for instance, amongst other topics. Therefore, entertainment news will continue to grow as an industry with many investors trying to create a profit.