You’re probably wondering, how much is TMZ worth? Harvey Levin, the founder and editor of TMZ, is expected to have a net value of $50 million by 2021. While he was not the original owner, Levin is considered an industry pioneer, having been involved with tabloid culture for more than 20 years. He also has extensive experience in the law and media. Read on to discover the real value of TMZ.
The net worth of TMZ has increased sharply over the past few years because WarnerMedia, the parent company to TMZ, is increasingly selling non-essential assets to make more money. TMZ has a debt load of more than $150 billion. It is a valuable brand, but its audience has made it a strong force in entertainment. TMZ provides news about Hollywood and sells its products, secures sponsorships, and earns affiliate commissions.
TMZ is a daily source for celebrity news. It features videos of celebrities leaving different venues. Fox’s purchase of the site means that it will now operate under the Fox broadcast network’s umbrella. The TMZ TV syndicated show, which has been aired on Fox stations from 2007, will soon be a spin-off series for FS1. The deal is estimated to be worth approximately $50 million. It’s unclear exactly how much Fox will pay for the tabloid.
Harvey Levin is a television reporter and producer. He earned an Emmy award in 2015 for his show “The People’s Court.” According to Levin’s website, Levin makes close to $5 million a year from TMZ. However, the amount of money he earns from managing the TMZ media company has yet to be disclosed. Harvey Levin has a net worth of $15 million. This is not bad for a celebrity gossip website.
TMZ’s senior producers, in addition to the founder are responsible for the daily operations of the news website. Jim Dawson, who joined TMZ as an intern in 2015, is a graduate of the University of Texas. He holds a Bachelor of Arts in Journalism from the University of Texas and a Juris Doctor from Syracuse University. He enjoys hiking, partying in Southern California, and is a big fan Justin Bieber.
AOL’s acquisition of Telepictures Productions, a company Harvey founded, has made the site more valuable. The website continues to break high-profile stories, like the deaths of Michael Jackson and Brittany Murphy. The site is the subject of a national television show and a bus tour. Harvey Levin, the show’s host has appeared in over 1,400 episodes.