My Sports News
Create your own sports news feed by selecting what interests you most
Chinese football fans during the 2014 World Cup.
Image: AP/Press Association Images
Chinese football fans during the 2014 World Cup.
Image: AP/Press Association Images
- Here's the pitch deck that the buzzy healthcare startup Voro used to raise a $2.5 million seed round led by an early Twitter investor
- Apple's reputation is tanking with patriotic Chinese consumers thanks to Trump's trade war
- Roger Federer posted an epic Ellen DeGeneres-style selfie with some of the world's best tennis players
- FedEx just sounded the alarm on US growth — and Jim Cramer said it was the 'most dispiriting call about the economy I've heard in a long time'
THE AMOUNT OF revenue generated by major North American sports team from the selling of media rights (TV, radio, internet, etc.) is projected to surpass the amount of revenue generated from ticket sales in 2018, according to a PricewaterhouseCoopers report.
As a result, television ratings have now become the driving force behind sports, even bigger than actually bringing fans to the games.
This is not to say that ticket sales are not important. They are still a major revenue stream and have a stronger potential impact on the perceived popularity of the team.
That is, the more popular a team appears to be, the more fans they will generate, the more people they will draw to television sets, and the more merchandise they will sell.
Empty stadiums have the opposite affect. Just ask the Tampa Bay Rays, who routinely finish at the bottom in attendance but have strong TV ratings, regularly finishing in the top 15 of all Major League Baseball.
But when it comes to pure revenue, media rights revenue is expected to reach $20.6 billion in 2019, compared to $20.1 billion for ticket sales.
- Cork Gaines,Business Insider
Brady’s speed and Amendola’s awareness the reason the Patriots are still undefeated
Fury claims ‘mental victory’ over Klitschko… because he out-lasted him in a sauna
COMMENTS (15)