Star power in cyberspace

Published: 12 November 2000 y., Sunday
Hollywood and the Internet are a lot alike. And plenty of celebrities are willing to trade their endorsements for a piece of the box office. Tom Arnold doesn't use the internet that much.He primarily plays solitaire on his computer and only goes online to answer e-mail. Yet that did not sway the actor from joining the board of directors and acting as spokesman for Broadband Infrastructure Group, a St. Louis Internet company. Eventually he plans to launch an Internet talk show with the company's help. Before joining Broadband, Arnold was approached by other Internet companies promising stakes in their ventures in exchange for an endorsement. "You get into these meetings and people have some very big numbers for you," Arnold says. "For a minute I believed them. "But the Internet is just like Hollywood. Every movie is going to be a hit movie and everyone is going to make half-a-billion dollars and it doesn't always work that way. That's how the Internet goes." To be certain, the Internet has produced a bumper crop of box-office flops of late, particularly on the entertainment front. For dot-com start-ups with little cash on hand, granting rich option packages to celebrities such as supermodel Cindy Crawford is a sure-fire method of securing instant branding and a measure of credibility for their sites. For the celebrities, it's a chance to gamble on the Internet bonanza like any other investor, and an opportunity to get involved in ventures in which they may share an interest beyond their mainstream careers. While some celebrities simply represent online companies, a few, like Shaquille O'Neal, Martha Stewart and Oprah Winfrey, have become Internet moguls in their own right. Stewart runs Martha Stewart Living Omnimedia, which went public last year and includes her MarthaStewart.com site in addition to her Martha Stewart Living newspaper, magazine and television offerings.
Šaltinis: Interactive Week
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

British Buccaneers Busted

Bogus Berkshire Booty Blasted. more »

Euro Disney 2 Planned

A home for Disney film and television studios. more »

AT&T may sell Net business to At Home

Additional 1.3 million residential customers for At Home. more »

Linux kernel Version 2.2 close to release

Better symmetric multiprocessing support and improved networking capabilities. more »

Leaving on High

For the Love of the Game.My Story by Michael Jordan. more »

MTV eyes Net radio venture

Music media giant MTV apparently is looking to expand its online presence into a new vein. more »

Microsoft To Acquire FASA Interactive

Expectation for cool new games for Microsoft Gamers more »