Product and Service
Companies included in sport team and live event sector in admission to amusement industry primarily own professional sport teams and entertainment productions.
Demand for Product and Service
As indicated by the typical company data, the demand for sport and other entertainments has been increasing significantly in the past several years. The increased demand has been proved by the increased revenue from media rights of those sport leagues, sponsorship, and admission.
The Sector
Sector’s Current, Trend, Causes behind trend, and Future
Current and Trend
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It seems that the demand, from media, sponsors, and personal consumers, for sports entertainment in US market has been continuingly increasing in the past three years.
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It seems that the demand for other entertainment events including concert, family shows, and performing arts has also increased during the same period of time.
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Consolidation activities have been increasing as demand for entertainment increases.
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Developing countries have been presenting huge potential in consumption of entertainment events as economy grows and income increases in those countries.
Causes behind the trend
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The upward trend in this industry may be consistent with what is happening in other entertainment and leisure industries and may presents undergoing, deep changes in lifestyle and consumption habit in current society. One of examples is that people increasingly spent more time on online media.
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This trend is also driven by changes in demographic trend.
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Globalization and economy growth in developing countries explain a significant portion of decreased demand.
Industry Future
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As upward trend in this industry continues, companies may be able to continue to see large growth in their revenue.
