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Published byQuentin Bryan Modified over 9 years ago
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The History of Sports and Entertainment Marketing
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Connection-All types of venues provide us, the consumer, with a type of excitement or thrill that we seek from our everyday lives What’s the last venue you went to? What was it for?
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History of Leisure
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Development of Sports and Entertainment Marketing
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Marketing Today
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Marketing Price Similarities of Sports and Entertainment
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Comparing the 4p’s of Marketing Marketing Mix ComponentTraditional Consumer Product Entertainment ProductSports Entertainment Product Light BulbMovieBaseball Game Product Who is my customer? Someone in the dark who needs a light bulb Someone who wants to be entertained by a plot/character Someone who wants to be entertained by sports Place Where will I sell the product? In a local hardware store, grocery store, or online In local theaters, stores. Online, though pay-per-view TV, or cable/satellite TV At local stadiums, in sports bars, online, through pay-per-view TV/satellite TV Price Ho do I compete for customers? Price better for quality than the competition and increase sales Consumer choice to buy a movie ticket is not base on price. Is largely set and based on what theaters can charge and what people will pay Consumers choice to buy a baseball ticket is not based on price. Price is set and based on what sports teams can charge and on what people will pay Promotion How do I inform customers? Advertising in print and on TV, and having in- store promotions Great Web site; in theater and TV previews; stars on late night TV/talk shows in magazines and books and lunch boxes and billboards; action figures and collectibles Games on TV selling jerseys; giving away prizes at games; family days at the stadium; talk radio; ads; sports shows high profile players on TV, in magazines and on billboards, bobble head dolls, trading cards
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Marketing Place Similarities of Sports and Entertainment
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Marketing Price Similarities of Sports and Entertainment
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Price Problems
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Marketing Promotion Similarities of Sports and Entertainment
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Convergence of the marketing mix?
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Synergy
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Risk Insurance Coverage If you were planning a rock concert, what would you insure Illness or Bodily Injury Property DamageLoss or DamageEvent Cancellation Actors/ PerformersStudios/ TheatersProps/CostumesMovie/TV Production AthletesStadiumsContractsAthletic Training Pro and Amateur Sports Teams ArenasEquipmentSporting Events Spectators/ Audience Members Concert HallsMerchandiseConcerts
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The Differences in marketing Sports and Entertainment
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What are the 2 key differences in marketers
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Differences in Products
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Differences in Revenue
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Sponsorships vs. Endorsements
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Advertising and Broadcast Rights
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Homework -30pts for all late assignments Key Terms –P. 28, P. 32, P. 39 Quick Check –P. 31, P. 38 & P. 42 Work Sheet 2.2 (in textbook) –P. 44
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