Right now, the combined revenue for the celebrity gossip industry has managed to break through to $3 billion per year. This is impressive, to say the least, and points to the popularity of urban news, celebrity news, and black gossip. People love celebrities and love consuming the news that surrounds them as well!
Harvard Business School conducted a study in the year of 2011. This study revealed that when a company signs a big-name endorser, it can increase their sales by nearly $10 million every single year and a .25% increase in stock returns as well! So this is just one stat that points to how much people care about the latest celebrity news and black gossip.
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. She broke the mold for how people perceive beauty and skin color and helped set in motion huge changes for society. Here are some more facts that deal with black gossip.
The Rising Popularity of Black Culture
In the years of 2014 and 2015, Floyd Mayweather was the highest celebrity earner, with an annual income of 300 million United States dollars. Floyd Mayweather is an African American boxer that not only topped the sports industry but the entire world of celebrities. This is because he was in the right place at the right time when people wanted to consume black gossip.
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. This type of high-level success shows that black people can reach the heights of celebrity and artistry.
Black Entertainment Television, which is commonly shortened to 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. Since this programming is more popular than ever before, it is quite easy to understand how black culture has become so popular.
Black Gossip and Black Artists
There are also a lot of popular black entertainers, actors, and artists that help spur the love affair with black gossip. Understand that 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. Denzel is not alone in his success, however, as Will Smith is one of the film industry’s highest paid actors and all of his movies have grossed over $100 million.
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.
In Conclusion
Every single year, the love affair with celebrity news, black gossip, and all information that surrounds famous people continues to grow. This will likely be a trend that lasts for quite some time and probably expands new to heights as well.
