I’ve always been pretty disinterested in products and services with celebrity endorsements, but they must have worked well enough as they suddenly seemed to be everywhere. Grant McCracken notes that they seem to have reached their sell-by date recently:

Wayne Gretzky Estates produces wine and other beverages in the Niagara Peninsula. They may be fine products, but I’ve never tried them.
Talented, wealthy, beautiful, admired, they live charmed lives.
Until the last decade or so. Now they take turns doing an Icarus off the high board.
And investors are noticing.
Ann Gehan reports “Investors Drop Celebrity Brands From A-List”.
Four early-stage investors who previously backed celebrity brands said they are shifting focus to promising products as opposed to celebrity buzz
What are investors noticing?
Well, there was COVID. We all noticed how really irritating celebs were, singing us songs from the well staffed majesty of their magnificent homes. This cost them some standing.
And then there was the presidential elections. Say what you will about Kamala, the celebs who supported her must have worried about a loss.
Right?
Of course not.
Celebrities don’t lose elections. Neither do the politicians they support.
So the election too was costly.
You don’t get famous unless you know how to read the room. Celebs are their own strategists. They can hear what the country wants. They can detect change and adapt.
Until they can’t. And now they can’t.