Harvard Business School did a study in 2011 which concluded that signing a big-name endorser increases a company’s sale by $10 million annually and is a catalyst for a 0.25% increase in stock returns. Entertainment news is big business. Black American entertainers are a big part of current celebrity news.
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. Will Smith is one of the film industry’s most highly paid actors according to black celebrity news. Nearly all of his films have grossed over $100 million.
As of 2010 Black Entertainment Television (BET) was the most prominent television network targeting young black-American audiences. It was the leading provider of black American cultural and entertainment based programming. BET is viewed in more than 90 million homes worldwide
According to Census Bureau data, more than 45 million African Americans live in the U.S. That is about 15% of the nation’s population. Black Americans are rising in popularity today in entertainment and other industries. Floyd Joy Mayweather, Jr is an American professional boxer and promoter. In 2014-2015, he was the highest celebrity earner, with an annual income of 300 million U.S. dollars.
Other Black celebrity news includes the likes of Tyra Banks, who is the first African American to be featured in Victoria’s Secret lingerie catalog, the Sports Illustrated Swimsuit Issue in 1996 as well as appearing on the cover of CQ in February 1996.
Black celebrity news reveals that one of the most successful female music artists in the world is Beyonce. She has an estimated net worth of $450 million. Her husband Jay Z, has a net worth of $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. He beat out Elvis, for the record of most number one albums by a solo artist.
These black-American celebrities support causes which tend 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. More mature people are aware of Denzel Washington who 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.