The stars are permanent public monuments to achievement in the entertainment industry, bearing the names of a mix of actors, musicians, directors, producers, musical and theatrical groups, fictional characters, and others.
According to a 2003 report by the market research firm NPO Plog Research, the Walk attracts about 10 million visitors annually –it has played an important role in making tourism the largest industry in Los Angeles County.
An average of twenty new stars are added to the Walk each year
Amazingly enough, stars aren't just handed out on merit. A $15,000 fee must be paid to the Hollywood Historic Trust to get a star on the Walk of Fame. The Hollywood Historic Trust, which maintains the Walk, uses the money for security at the star ceremony, among other costs. Typically, this fee comes from a sponsor, whether it is a record company or movie studio. In some cases, a celebrity's fan club may pay the money.
The Walk of Fame Committee receives several hundred applications each year. Those celebrities who don't make the cut are rolled over to the next year for a second review. If the star is not approved in the second year, the nomination must be resubmitted. The committee looks for the following:
- Professional achievement
- Five years or more in the entertainment industry
- Community contributions
