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All these international online stars are in Sydney for the annual YouTube Fanfest. Both are also resting advertising dollars away from regular media channels. I think they love it more than I do.ĮMMA ALBERICI: So Bethany Mota that 20-year-old recently signed a sponsorship deal with fashion house that paid her $50 million. This actually used to be a closet but I will turned it into a sitting area which I am obsessed with and my friends really love it too. So I'm going to start right here and show you guys this. Then there is Bethany Mota whose videos offering fashion and lifestyle tips have been watched more than 600 million times.īETHANY MOTA,YOUTUBER: Here is a just a quick overview of my room. A spin off cosmetics company now earns her more than $120 million a year. MICHELLE PHAN, YOUTUBER: Lastly, use the light purple shadow on the brow bone which will blend away any harsh lines and create that hazy effect.ĮMMA ALBERICI: Michelle Phan has 8 million subscribers and her videos have had, wait for it 1 billion views.
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Like 27-year-old Michelle Phan who teaches people how to do their hair and make-up. Consider this there are now YouTube channels run by entrepreneurial young people who have more viewers every day than the highest rating single sports event on Australian TV. Thanks to the likes of Facebook, Twitter and YouTube, those mainstream media companies no longer have a monopoly over news and entertainment. Those advertising dollars were the fuel that powered the likes of Fairfax, News Corp, channels Seven, Nine and Ten along with the countries weekly magazines. Once upon a time the advertisers they relied on for their income had few choices when it came to where to spend their money.
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EMMA ALBERICI, PRESENTER: It's been a tough decade for traditional media businesses.