Right now in the United States, the combined revenue for the industry of celebrity gossip manages to reach over $3 billion every single year. This is in part because this is the type of news that young people really enjoy consuming. The prime demographic for the industry is definitely celebrity gossip and that is why this industry is so strong.
Young people love to learn about what is going on today in entertainment. For instance, people between the ages of 18 and 36 are much more likely to support causes and trends that are endorsed by celebrities. This includes social causes, businesses, and products as well.
One of the biggest trends in celebrity gossip deals with the rise of black gossip sites and black entertainment news. The expansion of technology has allowed for people to communicate easily and has allowed for a transfer of cultures to people. This means that younger people are experiencing new cultures for the first time and at a higher rate than any other generation.
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. 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.
Black Entertainment Television is viewed in more than 90 million homes across the globe. According to black celebrity gossip, BET was the most prominent television network amongst young African American audiences and was also the leading provider of black cultural entertainment-based programming as well.
Will Smith is one of the film industry’s most highly paid actors seeing as how almost all of his films have grossed over $100 million. Prior to the spring season of 2008, almost 7 million people across the nation went to rap, hip-hop, and RandB concerts throughout the year of 2007 and 2008. This also contributes to the concept that black celebrity gossip is incredibly popular amongst United States citizens.
Jay-Z recently surpassed the famous musical artist Elvis in terms of having the most number one albums by a solo artist. Thanks to his 11th Number 1 album, The Blueprint 3, Jay-Z has risen to be dubbed as one of the most popular musical artists of not just his generation but of all time as well. Plus, Jay-Z is also incredibly popular as well with celebrity gossip because he is married to the most successful female artist in the world, Beyonce.
In Conclusion
There are absolutely no signs that the celebrity gossip industry is going to slow down or come to a halt anytime soon. As a matter of fact, the exact opposite seems to be the future of this industry. Young people really enjoy staying up to date with the latest Hollywood and latest celebrity news and gossip. As long as this trend is going to continue amongst younger generations then the celebrity gossip industry is here to stay.
