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Published byMerilyn Hunt Modified over 9 years ago
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Importance of Sports and Entertainment Marketing
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What is an Industry? A group of organizations involved in the producing or handling of the same product or type of service Industries can be further defined by subdivisions
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Examples of Industries The Music IndustryThe Hotel Industry Subdivisions Country Rock Hip-Hop R&B Subdivisions Full service (resorts) Limited service Economy Extended Stay
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Examples of Industries The Television Industry The Sports Camp Industry Subdivisions Reality TV Talk Shows Drama Sitcom Subdivisions Football Camp Cheerleading Camp Dance Camp Basketball Camp
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The Sports Industry Sport: Sport: source of diversion or physical activity engaged in for pleasure
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Entertainment: Entertainment: any activity which provides a diversion or permits people to amuse themselves in their leisure time The Entertainment Industry Examples:Television Live Shows MoviesMusicBooksMagazines
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How Are They Different? SportsEntertainment Spontaneous/not planned Unpredictable outcome Involves competition Fans support one team Usually planned with a script or program Consumers are not motivated by brand or team Consumers do not remain loyal to a brand
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The Sports and Entertainment Industries Today these industries are two of the most profitable in the US Fans spend BILLIONS on recreation and related products every year
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What is Sports Marketing Applying marketing principles and processes to promote sports products ◦Sports equipment ◦Sports apparel ◦Sports drinks RG3 AdidasUnder Armour- This is How We Run"Fate"
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What is Sports Marketing The marketing of non- sports products through association with sports or sports figures Papa John's and the NFL Hanes - Sports and Entertainment Head and Shoulders Gillette - Lochte
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Sample Sports Marketing Ads
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What is Entertainment Marketing? Marketing of entertainment products or using entertainment to attract customers BK AD
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Dr. Pepper/ Iron Man
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Growth of the Sports Industry $200 billion The sports industry generates about $200 billion a year Growth is measured in….. 1. Event Attendance Figures 2. Media Coverage (ESPN, Golf Channel, NFL Network) 3. Employment Figures (4.5 million jobs and growing) 4. Global Market Expansion
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Growth of the Entertainment Industry $10.6 BILLION In 2011 the film industry grossed $10.6 BILLION The largest grossing movies were “The Avengers" ($617 million) “The Hunger Games" ($407 million) “Dark Knight Rises" ($359 million)
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Trends in Sports and Entertainment 3D movies (Piranha 3D, Toy Story 3, Avatar) Midnight releases (Twilight Saga) Social Networks (Twitter, Facebook)
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