commercialisation and media Flashcards
what is commercialisation
using sport to make a profit
mostly made through golden triangle
-league sponsorship
-buy and sell players
-merchandise
-tickets/boxes
-buy and sell clubs
sport and commodity
sport is a commodity meaning that it is a product that can be sold to media outlets or companies
what is the golden triangle
the main form of commercialisation in sport:
relationship + independence between sport, media and sponsorship
what does elite sport attract in golden triangle
spectators
-revenue, equipment, prizes, popularity, raised profile
what benefits do media companies get from sport coverage - golden trangle
revenue from advertising and inc viewers
what benefits does globalisation of spor have
attracts sponsors as they see potential to hit global audience
-gain exposure for its products
example of golden triangle: rugby
sport:
rugby, Gallagher Premiership Rugby
media:
new streaming service to watch games not broadcast on ITV or BT sport. BT sport pay £40 mill a year
sponsorship:
Gallagher is only sponsor
what are the factors leading to commercialisation of sport
-growing public interest and spectatorship
-more media interest
-professionalism
-advertising
-sponsorship
increased media presence in sport
more people spectating sport, therefore larger market to make profit from
greater exposure to variety of sport
inc market as hits more peoples interests
performers and spectators can now travel worldwide (freedom of movement)
makes the market for commercialisation huge
rise of dedicated tv/radio channels to sport
inc opportunity to sell media rights
relationship of golden triangle
sport, media and sponsorship
inc rely on each other
created commercial structure
inc in sponsorship of athletes/teams aided by professionalism
more money available for teams and better standards of play
ind advertising in sport
brings money in through advertising deals