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Lesson 1.2 Factors Contributing to Industry Growth Copyright © 2014 by Sports Career Consulting, LLC.

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Presentation on theme: "Lesson 1.2 Factors Contributing to Industry Growth Copyright © 2014 by Sports Career Consulting, LLC."— Presentation transcript:

1 Lesson 1.2 Factors Contributing to Industry Growth Copyright © 2014 by Sports Career Consulting, LLC

2 LESSON 1.2 History of SEM  Increase in participation  More people following sports and entertainment  Increase in sports/entertainment offerings  Attendance boom  Media coverage  Global products Factors Influencing Industry Growth Copyright © 2014 by Sports Career Consulting, LLC

3 LESSON 1.2 History of SEM Evidence of Increased Participation Rates The U.S. Youth Soccer Association reports that there were 100,000 registered players in Today the organization has grown to 3.2 million registered players and over 800,000 coaches and volunteers Copyright © 2014 by Sports Career Consulting, LLC

4 LESSON 1.2 History of SEM The number of U.S. golfers has risen to 12.6% of the population vs. 3.5% 50 years ago Evidence of Increased Participation Rates Copyright © 2014 by Sports Career Consulting, LLC

5 LESSON 1.2 History of SEM According to the National Federation of State High School Associations, the sport of lacrosse has seen a 280% increase in participation in the last decade Evidence of Increased Participation Rates Copyright © 2014 by Sports Career Consulting, LLC

6 LESSON 1.2 History of SEM Among sports and recreation activities that grew more than 15% the past 10 years, skateboarding led the way with a 74.1% growth, according to the National Sporting Goods Association (NSGA) Evidence of Increased Participation Rates Copyright © 2014 by Sports Career Consulting, LLC

7 LESSON 1.2 History of SEM  Increase in participation  More people following sports and entertainment  Increase in sports/entertainment offerings  Attendance boom  Media coverage  Global products  Emergence of Internet and new technologies Factors Influencing Industry Growth Copyright © 2014 by Sports Career Consulting, LLC

8 LESSON 1.2 History of SEM U.S. television broadcast 800 hours of sports in 1971 NBC streamed the entire 2014 Winter Olympics in Sochi, Russia, marking the first time that fans had a chance to watch every Winter Olympic event live (compared with a total of 14 total hours of coverage from the 1964 Tokyo games) Increase in Those Following Sports & Entertainment Copyright © 2014 by Sports Career Consulting, LLC

9 LESSON 1.2 History of SEM  Increase in participation  More people following sports and entertainment  Increase in sports/entertainment offerings  Attendance boom  Media coverage  Global products  Emergence of Internet and new technologies Factors Influencing Industry Growth Copyright © 2014 by Sports Career Consulting, LLC

10 LESSON 1.2 History of SEM More options for sports as participants: Disc golf the sport spread to 560 courses nationwide by 1995 and doubled that number by Today, the Professional Disc Golf Association boasts more than 4,000 courses globally and the game is played in more than 40 countries Increase in Sports/Entertainment Offerings Copyright © 2014 by Sports Career Consulting, LLC

11 LESSON 1.2 History of SEM More options for sports as participants: In 2013, Hawaii became the first state to sanction surfing as an officially recognized high school sport Increase in Sports/Entertainment Offerings Copyright © 2014 by Sports Career Consulting, LLC

12 LESSON 1.2 History of SEM More options for sports as participants: Also in 2013, the state of Missouri bass fishing became an officially sanctioned high school sport (joining the states of Illinois, Kentucky and Tennessee as states sanctioning fishing as a recognized sport) Increase in Sports/Entertainment Offerings Copyright © 2014 by Sports Career Consulting, LLC

13 LESSON 1.2 History of SEM More options for sports as participants: One school in Florida is attempting to legitimize Go Kart racing as an official varsity sport Increase in Sports/Entertainment Offerings Copyright © 2014 by Sports Career Consulting, LLC

14 LESSON 1.2 History of SEM More options for sports as participants: A new sport called Spikeball burst on the scene two years ago, and according to its governing body already boasts 125,000 participants, and is the fastest growing sport in the U.S. Increase in Sports/Entertainment Offerings Copyright © 2014 by Sports Career Consulting, LLC

15 LESSON 1.2 History of SEM ESPN’s coverage features more than 65 sports including MLB, NBA, NFL’s Monday Night Football, NASCAR, MLS, FIFA World Cup, WNBA, college football, men's and women's college basketball, golf, Little League World Series, fishing, spelling, billiards, poker, arena football, eating championships, and the X Games Increase in Sports/Entertainment Offerings Copyright © 2014 by Sports Career Consulting, LLC

16 LESSON 1.2 History of SEM  Increase in participation  More people following sports and entertainment  Increase in sports/entertainment offerings  Attendance boom  Media coverage  Global products  Emergence of Internet and new technologies Factors Influencing Industry Growth Copyright © 2014 by Sports Career Consulting, LLC

17 LESSON 1.2 History of SEM Attendance Increases To put the league’s growth into perspective, the NHL’s attendance was 7,758,05 in the season Copyright © 2014 by Sports Career Consulting, LLC 21,470, NHL season attendance (lockout shortened season) NHL season total attendance 7,758,05

18 LESSON 1.2 History of SEM Attendance Increases Over 75 percent of movies in the top 50 all-time highest-grossing films (before inflation) were released after the year The highest grossing film in the 70s was Star Wars, at just under $800 million and in the 80s was E.T., at just $750 million. Copyright © 2014 by Sports Career Consulting, LLC

19 LESSON 1.2 History of SEM Attendance Increases Later in 2013, Disney’s holiday blockbuster Frozen would become the highest grossing animated film of all-time and pass Iron Man 3 as the 5th highest grossing film ever Copyright © 2014 by Sports Career Consulting, LLC

20 LESSON 1.2 History of SEM  Increase in participation  More people following sports and entertainment  Increase in sports/entertainment offerings  Attendance boom  Media coverage  Global products  Emergence of Internet and new technologies Factors Influencing Industry Growth Copyright © 2014 by Sports Career Consulting, LLC

21 LESSON 1.2 History of SEM Media Coverage Introduction of Internet makes information available “on demand” with increased frequency and accessibility Copyright © 2014 by Sports Career Consulting, LLC

22 LESSON 1.2 History of SEM  Increase in participation  More people following sports and entertainment  Increase in sports/entertainment offerings  Attendance boom  Media coverage  Global products  Emergence of Internet and new technologies Factors Influencing Industry Growth Copyright © 2014 by Sports Career Consulting, LLC

23 LESSON 1.2 History of SEM Global Marketplace The international marketplace continues to provide a platform for driving sales of sports and entertainment products and services Copyright © 2014 by Sports Career Consulting, LLC

24 LESSON 1.2 History of SEM Global Marketplace Global events like Wimbledon, the Tour de France, FIFA World Cup, Olympic Games, the Iditarod and Cannes Film Festival attract world-wide attention, providing an exceptional marketing opportunity for ticket sales, sponsorship sales, licensing and merchandise opportunities and provide a major economic impact for host cities Copyright © 2014 by Sports Career Consulting, LLC

25 LESSON 1.2 History of SEM Global Marketplace The global demand for footwear and sports apparel continues to grow with international brands like China’s Li Ning and Germany’s Adidas and Puma fiercely competing with American brands like Nike and Under Armour for market share Copyright © 2014 by Sports Career Consulting, LLC

26 LESSON 1.2 History of SEM Global Marketplace NBA All-Stars left American brands to pursue deals with Chinese sportswear brands: Dwyane Wade who left Jordan Brand for Li-Ning Steve Nash who left Nike to sign with Luyou Kevin Garnett left Adidas to sign with Anta Kevin Love wears a new Chinese shoe brand, 361 Degrees. Copyright © 2014 by Sports Career Consulting, LLC

27 LESSON 1.2 History of SEM Copyright © 2014 by Sports Career Consulting, LLC

28 LESSON 1.2 History of SEM Global Marketplace Prominent american sport are making a push to expand their presence overseas by hosting regular season games (not exhibition games) outside of the United States Copyright © 2014 by Sports Career Consulting, LLC

29 LESSON 1.2 History of SEM Global Marketplace Major League Baseball continued its recent history of internationally hosting season openers when the Arizona Diamondbacks and Los Angeles Dodgers played in Sydney, Australia to kick off the 2014 MLB regular season Copyright © 2014 by Sports Career Consulting, LLC

30 LESSON 1.2 History of SEM Signs of Continued Industry Growth The worldwide video game industry is poised to reach $70.1 billion by 2015, thanks to the combined growth of console, portable, PC, and online video games, according to market researcher DFC Intelligence Copyright © 2014 by Sports Career Consulting, LLC

31 LESSON 1.2 History of SEM Signs of Continued Industry Growth Global total digital recorded music revenue will exceed physical recorded music revenue for the first time in 2014, according to analysts at PWC Copyright © 2014 by Sports Career Consulting, LLC Pandora radio now boasts over 250 million users

32 LESSON 1.2 History of SEM Signs of Continued Industry Growth Copyright © 2014 by Sports Career Consulting, LLC The global theme parks market is projected to reach $29.5 billion by 2015, according to a report by Global Industry Analysts, Inc. Also according to Global Industry Analysts, Inc., the global footwear market is expected to reach $195 billion by 2015 For the first time in history, ebook sales generated more revenue than hardcover books in 2012 while overall ebook sales have increased 4,456% since 2008

33 LESSON 1.2 History of SEM Signs of Continued Industry Growth Centerplate, the leading hospitality partner to North America's premier sports, convention and entertainment venues, is now also the fastest growing restaurant chain in America, according to Nation's Restaurant News. Centerplate serves over 115 million guests per year. Copyright © 2014 by Sports Career Consulting, LLC

34 LESSON 1.2 History of SEM Signs of Continued Industry Growth In 2013, Forbes suggested that ESPN had grown to a valuation of $40 billion Copyright © 2014 by Sports Career Consulting, LLC

35 LESSON 1.2 History of SEM Signs of Continued Industry Growth The 2014 NBA Finals on ABC between the Miami Heat and San Antonio Spurs was broadcast in 215 countries and 47 languages Television audiences continue to grow in size while sports and entertainment properties expand the various means for distributing content (social media, streaming etc) Copyright © 2014 by Sports Career Consulting, LLC

36 LESSON 1.2 History of SEM Signs of Continued Industry Growth Dallas Cowboys franchise was the most valuable in the NFL at $2.3 billion. The average MLS franchise is now worth over $100 million, an increase of more than 175% over the last five years The value of major league sport franchises continues to grow at a furious pace. New York Yankees: $9 million $2.5 billion Copyright © 2014 by Sports Career Consulting, LLC

37 LESSON 1.2 History of SEM Fandom is a term used to refer to a subculture composed of fans characterized by a feeling of sympathy and camaraderie with others who share a common interest Copyright © 2014 by Sports Career Consulting, LLC Signs of Continued Industry Growth

38 LESSON 1.2 History of SEM Signs of Continued Industry Growth The term fandom can be used to describe all types of fan groupings or “subcultures” Copyright © 2014 by Sports Career Consulting, LLC

39 LESSON 1.2 History of SEM Signs of Continued Industry Growth Over 50% of respondents claimed to more of a sports fan than they were five years ago ESPN’s annual “SportsNation Survey” found that a whopping 90% of male respondents claimed to be sports fans on some level Copyright © 2014 by Sports Career Consulting, LLC 58% of respondents would prefer to receive free season tickets to their favorite sports team than be promoted at work. 40% of those participating in the 2012 SportsNation Survey said they had traveled 250 miles or more to attend a sporting event

40 LESSON 1.2 History of SEM Signs of Continued Industry Growth Fans have, in a limited number of occasions, successfully organized on behalf of a cancelled television series to lobby networks to bring back their favorite show (examples include Chuck in 2010 and Community in 2012 while prompting Netflix to resurrect cult hit series Arrested Development) Copyright © 2014 by Sports Career Consulting, LLC

41 LESSON 1.2 History of SEM Signs of Continued Industry Growth The intensity levels of fandom vary, ranging from a casual sports fan who might take in one NBA game per year to those fans that put the “fan” in “fanatic” (and otherwise engage in behavior that other fans might otherwise find to be irrational) Copyright © 2014 by Sports Career Consulting, LLC

42 LESSON 1.2 History of SEM Signs of Continued Industry Growth Fans who go to extremes to show their loyalty to their favorite team, band, actor or other celebrity are often referred to as “superfans” Copyright © 2014 by Sports Career Consulting, LLC

43 LESSON 1.2 History of SEM Signs of Continued Industry Growth In 2013, an Alabama football superfan passed away at the age of 91 but had attended 781 straight games Also in 2013, a lifelong Cleveland Browns superfan passed away (his family even encouraged everyone attending his funeral wear clothes supporting the team) but requested that the pallbearers be Cleveland Browns players, stating: "He respectfully requests six Cleveland Browns pall bearers so the Browns can let him down one last time." Copyright © 2014 by Sports Career Consulting, LLC

44 LESSON 1.2 History of SEM Signs of Continued Industry Growth On opening night, Activision says that approximately 1.5 million gamers lined up outside 13,000 stores to buy a copy of Modern Warfare 3 at midnight USA Today published a story suggesting the number of people calling in to work sick the day after Call of Duty is release results in a significant increase University of Kentucky fans paid between $7,500 to $12,500 for the opportunity to attend a basketball camp (called John Calipari Basketball Fantasy Experience) and “essentially experience what it’s like to be a Kentucky basketball player” Copyright © 2014 by Sports Career Consulting, LLC

45 LESSON 1.2 History of SEM Signs of Continued Industry Growth While many media pundits publicly chastised LeBron James’ decision to announce which team he would be joining in a one hour ESPN special, the show (aptly named “The Decision”) drew very high ratings as nearly 10 million people tuned in to watch Copyright © 2014 by Sports Career Consulting, LLC

46 LESSON 1.2 History of SEM Signs of Continued Industry Growth Despite all the scrutiny surrounding singer Chris Brown (including his widely publicized assault of then-girlfriend Rihanna, a disturbance in a nightclub with rapper Drake, and poor album reviews), his 2013 release of “Fortune” managed to debut at the top of the Billboard 200 chart Copyright © 2014 by Sports Career Consulting, LLC

47 LESSON 1.2 History of SEM Signs of Continued Industry Growth Because of the strong emotional connection fans maintain with their favorite sports teams, wins and losses on the grandest of stages can yield incredible influence (both positive and negative) on a community at large Copyright © 2014 by Sports Career Consulting, LLC

48 Lesson 1.3 Media Impact on Industry Growth Copyright © 2014 by Sports Career Consulting, LLC

49 LESSON 1.3 History of SEM Media Impact on Industry Growth Media refers to a means of communicating a message to large numbers of people Copyright © 2014 by Sports Career Consulting, LLC

50 LESSON 1.3 History of SEM It was not until the 1936 Olympics (broadcast by ABC radio) that Americans were truly exposed to the amazing talents of Jesse Owens, one of America’s greatest athletes of all time Copyright © 2014 by Sports Career Consulting, LLC Media Impact on Industry Growth

51 LESSON 1.3 History of SEM Now, fans can follow athlete performances live through television, radio, Internet as well getting information through national papers, local papers, magazines, and industry specific journals Copyright © 2014 by Sports Career Consulting, LLC Media Impact on Industry Growth

52 LESSON 1.3 History of SEM Media Impact on Industry Growth Media rights (or broadcast rights) are fees paid by broadcast companies to sports or entertainment properties for the opportunity to provide live coverage of the property’s games and events on television, the radio or the Internet Copyright © 2014 by Sports Career Consulting, LLC

53 LESSON 1.3 History of SEM Many media rights deals provide exclusive coverage rights Copyright © 2014 by Sports Career Consulting, LLC Because of the NFL’s deal with DirecTV, no other television network can broadcast out of market games in their respective geographic markets. In other words, if you are a Green Bay Packers fan living in Virginia, you would need to order DirecTV for the opportunity to watch Packers games in your home each week. Media Rights

54 LESSON 1.3 History of SEM According to ESPN.com, Time Warner Cable (which operates SportsNet LA, the team-owned all-Dodgers station that launched in February of 2014), has not come to agreements with many of the area broadcast companies, making televised games available to less than 40% of Los Angeles residents. Copyright © 2014 by Sports Career Consulting, LLC Media Rights

55 LESSON 1.3 History of SEM Media rights contracts are not reserved for national broadcasting companies as sports franchises work to maximize revenues by selling regional broadcasting rights Time Warner Cable paid a reported $3 billion for exclusive rights to broadcasts Los Angeles Lakers games in the L.A. market for the next twenty years, starting with the season Copyright © 2014 by Sports Career Consulting, LLC Media Rights

56 LESSON 1.3 History of SEM Rights fees are growing at a rapid rate Media rights fees for the Rose Bowl (per year) were $2 million in By 2015, they are expected command $80 million per year. Copyright © 2014 by Sports Career Consulting, LLC Media Rights

57 LESSON 1.3 History of SEM Why are media rights important to sports and entertainment properties? Copyright © 2014 by Sports Career Consulting, LLC In a word… REVENUE! Media Rights

58 LESSON 1.3 History of SEM NASCAR generates a reported $820 million annually in media rights for television broadcasts from Fox, a 46% increase from the previous deal. Copyright © 2014 by Sports Career Consulting, LLC Media Rights

59 LESSON 1.3 History of SEM Copyright © 2014 by Sports Career Consulting, LLC Media Rights According to the Chicago Tribune, a dispute over the value of the Chicago Cubs’ broadcast contracts complicated efforts to sell the iconic franchise. Because media rights are such an important piece to any major league sports organization’s bottom line, negotiations to sell the franchise momentarily fell apart until the issue could be resolved.

60 LESSON 1.3 History of SEM Copyright © 2014 by Sports Career Consulting, LLC Media Rights According to Nielsen (a company who measures ratings): "Ratings are used like currency in the marketplace of advertiser-supported TV. When advertisers want a commercial to reach an audience, they need to place it in TV programs which deliver an audience. The more audience a program delivers, the more the commercial time is worth to advertisers."

61 LESSON 1.3 History of SEM Why are media rights important to broadcast companies? Copyright © 2014 by Sports Career Consulting, LLC Media Rights Companies want to invest in advertising that will reach as many consumers as possible and sports and entertainment events provide an effective platform for advertisers to do that

62 LESSON 1.3 History of SEM In 2014, the Super Bowl set a record for American television viewing when the Nielsen Co. estimated million people watched the Seattle Seahawks’ 43-8 blowout of the Denver Broncos (the 2013 Super Bowl between the Baltimore Ravens and San Francisco 49ers clocks in as the third most watched program in US history) Copyright © 2014 by Sports Career Consulting, LLC Media Rights

63 LESSON 1.3 History of SEM Copyright © 2014 by Sports Career Consulting, LLC According to figures released by FIFA in 2011, the 2010 FIFA Men’s World Cup Final in South Africa was broadcast in every single country and territory on Earth, including Antarctica and the Arctic Circle, generating record-breaking viewing figures in many TV markets around the world. The in-home television coverage of the competition reached over 3.2 billion people around the world, or an astonishing 46.4 percent of the global population. Media Rights

64 LESSON 1.3 History of SEM Copyright © 2014 by Sports Career Consulting, LLC According to the research firm Kantar Media, advertisers have spent $4.55B during CBS' coverage of the men's NCAA basketball tournament over the past decade Media Rights

65 LESSON 1.3 History of SEM Copyright © 2014 by Sports Career Consulting, LLC In 2007 the NBA extended its deals with TNT, ESPN and ABC through the season, generating over $930 million per year in revenue for television broadcast rights Media rights examples Network/Cable TV

66 LESSON 1.3 History of SEM Copyright © 2014 by Sports Career Consulting, LLC In 2011, NBC won a bidding war to retain its rights to broadcast the Olympic Games through 2020 for $4.38 billion Also in 2011, ESPN signed a deal reportedly worth nearly $500 million over the next 12 years for the exclusive broadcast rights of Wimbledon Media rights examples Network/Cable TV

67 LESSON 1.3 History of SEM Copyright © 2014 by Sports Career Consulting, LLC DirecTV’s exclusive agreement for broadcast rights for out of market NFL games was extended in 2010 for four years at a reported $1 billion per year (a 43% increase on an annual basis over the previous deal) Media rights examples Satellite TV

68 LESSON 1.3 History of SEM Copyright © 2014 by Sports Career Consulting, LLC XM radio’s deal for MLB broadcast rights was signed in 2005 for $650 million Media rights examples Satellite Radio

69 LESSON 1.3 History of SEM Copyright © 2014 by Sports Career Consulting, LLC In 2009, the NFL extended its deal with Westwood One as its exclusive network radio partner in a deal worth over $30 million Media rights examples Network Radio

70 LESSON 1.3 History of SEM Copyright © 2014 by Sports Career Consulting, LLC Within the 17 months of acquiring Host Communications and folding it into its college division, IMG invested more than $700 million in multimedia rights fees Media rights examples Multimedia rights

71 LESSON 1.3 History of SEM Media Impact on Industry Growth Radio, cable and broadcast television programming measure their effectiveness through ratings, which are expressed as a percentage of the potential TV audience viewing at any given time Copyright © 2014 by Sports Career Consulting, LLC

72 LESSON 1.3 History of SEM Copyright © 2014 by Sports Career Consulting, LLC Media Rights Basically, a rating refers to the number of households or people tuned into a particular radio or television program at a specific time ESPN’s telecast of the United States’ 2-2 tie against Portugal in the 2014 FIFA World Cup on Sunday, June 22, was the most-viewed soccer match in the United States ever, across all networks, averaging 18,220,000 viewers based on a 9.6 HH US rating. It surpassed the previous high of 17,975,000 viewers for the 1999 Women’s World Cup final (USA vs. China) on ABC (according to espnmediazone.com).

73 LESSON 1.3 History of SEM Copyright © 2014 by Sports Career Consulting, LLC Media Rights Nielsen can identify peak hours in which the most people are tuned in to watch or listen Nielsen can identify peak hours in which the most people are tuned in to watch or listen; viewing of the US vs. Portugal World Cup match peaked from 7:30 to 8 p.m. ET with an average of 22,961,000 viewers and an 11.9 HH US rating.

74 LESSON 1.3 History of SEM Copyright © 2014 by Sports Career Consulting, LLC Media Rights Nielsen can also identify specific markets in which ratings were the highest Nielsen can also identify specific markets in which ratings were the highest; Washington, D.C., led all markets for ESPN’s USA vs. Portugal telecast with a 13.3 rating, followed by Columbus (12.6), New York (12.5), Boston (11.5), Hartford/New Haven (11.3), Providence (11.2), Atlanta (11.1), Baltimore (11.0), Norfolk (10.5), Orlando (10.5) and Sacramento (10.5).

75 LESSON 1.3 History of SEM Copyright © 2014 by Sports Career Consulting, LLC Media Rights Why are ratings important? Without ratings, broadcast companies would have a difficult time selling advertising and sports/entertainment programs would not be able to command million dollar rights fees Ratings will fluctuate from year to year, but a ratings increase or decrease will have an impact on the sports property and broadcast company

76 LESSON 1.3 History of SEM NBC renewed hockey deal in 2011 (worth nearly triple the previous rights deal) largely because overall NHL television ratings in the United States increased by 84 percent over the last four years (the 2011 Winter Classic was the most-watched regular season hockey game in the U.S. in 36 years) Copyright © 2014 by Sports Career Consulting, LLC Media Rights

77 LESSON 1.3 History of SEM According to Nielsen, the 2014 FIFA Men’s World Cup match between the United States and Portugal was the most-watched and highest-rated soccer telecast on an ESPN network and was seen by an estimated 23 million viewers, providing more incentive for ESPN to spend more on World Cup rights when it is time to negotiate a new deal Copyright © 2014 by Sports Career Consulting, LLC Media Rights

78 LESSON 1.3 History of SEM After the previous year’s July 4th telecast of the Nathan’s Famous Fourth of July International Hot Dog Eating Contest set a viewership record with nearly 2 million live viewers, ESPN announced in the summer of 2012 that they extended the broadcast rights deal through 2017 Copyright © 2014 by Sports Career Consulting, LLC Media Rights

79 LESSON 1.3 History of SEM First ever baseball game broadcast on radio First full season baseball broadcast on radio (Chicago Cubs) First major sports event on TV (Joe Louis Boxing Match) Media Milestones in Sports Copyright © 2014 by Sports Career Consulting, LLC

80 LESSON 1.3 History of SEM Sports Illustrated introduced Media Milestones in Sports First Monday Night Football TV broadcast Copyright © 2014 by Sports Career Consulting, LLC

81 LESSON 1.3 History of SEM 1995 – DirecTV and the NFL offer first subscriber based pay-per-view programming (NFL Sunday Ticket) 1999 – Major League Baseball broadcasts the World Series on the Internet 2002 – The pay-per-view boxing match between Mike Tyson and Lennox Lewis generates a record $103 million in sales Media Milestones in Sports Copyright © 2014 by Sports Career Consulting, LLC

82 LESSON 1.3 History of SEM 2009 – CBS’ free online broadcast of the 2009 Men’s NCAA Tournament reaches an audience of 7.5 million Media Milestones in Sports Copyright © 2014 by Sports Career Consulting, LLC

83 LESSON 1.3 History of SEM 2012 – NBC provides unprecedented LIVE coverage of EVERY Olympic event by streaming content online in addition to its traditional television coverage Media Milestones in Sports Copyright © 2014 by Sports Career Consulting, LLC

84 LESSON 1.3 History of SEM Media Impact on Industry Growth In the early days of team sports, revenue came from: Ticket Sales Concessions Copyright © 2014 by Sports Career Consulting, LLC

85 LESSON 1.3 History of SEM Media Impact on Industry Growth Today, media provides alternate revenue sources National Television Contracts Local Television Contracts Cable Television Contracts Sale of Radio Rights Streaming Internet Audio Online Revenue Team Specific Publications Copyright © 2014 by Sports Career Consulting, LLC

86 LESSON 1.3 History of SEM Media Impact on Industry Growth Sports and entertainment business coverage has become widespread and easily accessible National publications devote consistent coverage to the business of sports In 2004, a Portland, Oregon radio station launched a weekly, hour-long sports business talk show Today, local newspapers all around the country offer readers sports business related coverage on a regular basis on their websites Copyright © 2014 by Sports Career Consulting, LLC


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