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The economics of Britney Spears

Spears is just one of many stars driving the growing multibillion dollar celebrity news industry. But the Spears story in particular, with a new twist nearly every week, has become a very profitable sub-sector unto itself.

"Britney is the most bankable celebrity out there right now, and she has been for the past year," said Francois Navarre, founder of the paparazzi agency X17.

Spears became a can't-miss tabloid topic after filing for divorce from second husband Kevin Federline in November 2006. Since then, she's been in and out of rehab, shaved her head, revealed a bit too much above the hemline, was arrested after a traffic accident, and lost custody of her kids (and later her visitation rights).

"The product for the tabloid industry is the unusual, and Britney has been delivering that consistently," said Dan Smith, dean of the Kelley School of Business at Indiana University.


Non-ferrous Metallurgy

The EU convened a special commission in February to consider the introduction of quotas on Russian aluminum imports to Europe. The French company Pechiney, which had suffered losses due to dumping by Russian companies, lobbied for quotas. Aluminum prices in London fell to $1150 a tonne.

Oleg Soskovets presented TWG manager Lev Chornoi as a "potential Western partner" to the directors of Russian aluminum smelters at a meeting of AO Sovalyuminy (formerly the Alyuminy concern) in April. Within six months, Mikhail Turushev, the general director of KrAZ, had signed a contract with TWG to process 300 000 tonnes of aluminum per year until 2003.

Igor Prokopov accompanied Boris Yeltsin on his trip to Greece, where he negotiated the project of the century, the construction of a joint alumina factory near Athens at a cost of $350 million.


More Blogs

The Seahawks went on to the Super Bowl that year before losing to Antwan Randle El and the Pittsburgh Steelers.

If the Redskins can silence the crowd early and keep Matt Hasselbeck in check, then their ride will take them to Dallas next week. Redskins 27, Seattle 23

(Copyright 2008 by WTOP Radio. All Rights Reserved.)

Posted by: | 01/04/08 0 Comments | PermaLink

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