Variety is a news book. 
Variety is a news book for show business. 
Variety is a famous news magazine for the show business world. 
In 1933, the company started a new daily paper. We call this Daily Variety. It was based in Los Angeles to cover movies. Later, the company decided to stop printing the daily paper. In 2013, they moved most of that news to the internet.
Today, Variety is owned by Penske Media Corporation. It covers many things like movies, music, and TV. It even has a special list called Variety Hitmakers. This list honors people who help make the most popular songs. The magazine is still very important to people in Hollywood. It helps them stay updated on new stars and big films.
Variety is a well-known American magazine for the entertainment industry.
There are several ways the magazine shares news today. The main print magazine is published every week and sent all over the world. In the past, there was also a daily paper called Daily Variety. That daily paper stopped being printed in March 2013. Now, the Daily Variety brand lives on as an email newsletter. This newsletter sends the top stories from the last 24 hours to readers. 
Sime Silverman started Variety in New York City in 1905. He wanted to create a publication that would not be influenced by advertising. He used a loan of $1,500 from his father-in-law to begin. The very first issue came out on December 16, 1905. His seven-year-old son, Sidne, even wrote a review for that first issue. Silverman later launched Daily Variety in 1933 to cover the movie industry in Los Angeles. This helped the company cover both theater news and Hollywood news.
Over the years, the magazine has changed many times. In 1987, the company was sold for $64 million to Cahners Publishing. Later, in 2012, Penske Media Corporation became the new owner. This owner made the decision to remove the paywall from the website. A paywall is a system that asks people to pay to read content. Now, more people can access the news online for free. The magazine also celebrates big moments, like the Academy Awards. During this time, the magazine grows much larger with many colorful advertisements.
Variety also honors special people through its different projects. One example is the Variety Hitmakers list started in 2017. This list recognizes the people who help make the most popular songs. It honors writers, producers, and publishers who work behind the scenes. Famous artists like Kendrick Lamar and Harry Styles have been featured. The magazine also won Emmy Awards for its special video programs. These programs feature long conversations with famous actors. It shows how the magazine has grown from a small paper into a huge media company.
Variety is an American trade magazine that serves the entertainment industry.
The magazine operates through several different formats and platforms. The primary print edition is a weekly publication delivered to readers internationally. For many years, a second print edition called Daily Variety was published in Los Angeles. This daily paper focused on Hollywood news and was eventually replaced in 2013 by an email newsletter. Today, the brand continues through Variety.com and a mobile application called Variety On-The-Go. The website provides digital news, reviews, and a large database of production credits.
The history of Variety began in New York City in 1905. It was founded by Sime Silverman as a weekly newspaper. Silverman wanted to create a publication that would not be influenced by advertising. He was inspired to start his own business after being fired from The Morning Telegraph. He had criticized a performance that had paid for an advertisement. To launch the paper, Silverman used a $1,500 loan from his father-in-law. 
As the entertainment industry grew, so did the publication. In 1933, Silverman launched Daily Variety in Los Angeles. This new edition was intended to cover the rapidly expanding motion-picture industry. While the Weekly Variety focused on international and U.S. coverage, the Daily version concentrated on Hollywood. This expansion allowed the company to cover both the stage and the screen. Over the decades, the company saw many changes in leadership. The Silverman family managed the company for many years through several generations.
Ownership of the magazine has changed significantly over time. In 1987, Variety was sold to Cahners Publishing for $64 million. Later, in October 2012, the publication was acquired by Penske Media Corporation (PMC). Following this acquisition, the new owner, Jay Penske, made several strategic changes. He decided to remove the website's paywall, which is a system that requires payment to view content. This move was intended to invest more heavily in the digital platform. Today, PMC continues to manage the brand alongside other entertainment news outlets.
Variety also creates special content to celebrate major industry milestones. During the annual "Awards Season" leading up to the Academy Awards, the magazine undergoes a massive change. Large amounts of "For Your Consideration" advertisements are placed by film studios. These colorful, full-page ads can cause the magazine to grow to double or triple its usual size. The magazine also produces the Variety Hitmakers list, which began in 2017. This annual franchise recognizes the people behind the scenes who help create the most popular songs. Famous artists like Kendrick Lamar and Harry Styles have been featured on these covers.
Beyond print and text, Variety has expanded into multimedia and specialized news. In 2014, the company launched Dirt, a news site focused on high-end real estate. The publication also produces video content, such as the series Variety Studio: Actors on Actors. This series features long conversations with famous actors and has won two Los Angeles Area Emmy Awards. By combining traditional reporting with digital tools and video, Variety remains a central part of the global entertainment ecosystem.
🖼️ Images & Media (2)
More to explore
✨ What else?
Related topics you might enjoy
🔬 Go deeper
More advanced topics to explore
What is Nepedia?
A free, ad-free encyclopedia for children. Every article is written at five reading levels, so the same page works for a five-year-old and a fifteen-year-old — use the level switcher above to see this one change. No account needed to read.