10/9/2014 History of SEM Lesson 1.6 LESSON 1.6 Where Are We Now? Where Are We Now? Copyright © 2014 by Sports Career Consulting, LLC 200 million Americans, or 7 of every 8 adults, consider themselves sports fans American fans spend an average of 8 hours per week consuming sports content According to Sports Business Daily, in the month of January alone (in 2014), the Yahoo Sports website had 55 million visitors, while 38.6 million visited the Fox Sports website and 38.2 million visitors to espn.com. Copyright History of SEM © 2014 by Sports Career Consulting, LLC History of SEM LESSON 1.6 LESSON 1.6 Where Are We Now? The fantasy sports industry has an estimated total market impact of $4.48 billion dollars annually Fantasy sports have grown to include everything from Premier League soccer to fantasy bass fishing leagues Where Are We Now? An estimated 3 million American workers spent one to three hours a day during work watching the 2013 NCAA men’s basketball championship tournament, according to a study from outplacement firm Challenger, Gray & Christmas. American companies lost an estimated $134 million in “lost wages” in the first two days of the tournament alone. At $122 billion, the amount of spending the NCAA's annual basketball tournament generates is equal to Iceland's GDP. A study conducted by the European Central Bank suggests that the soccer World Cup (played every four years) significantly slows down activity in the world’s stock exchanges Copyright © 2014 by Sports Career Consulting, LLC History of SEM Copyright © 2014 by Sports Career Consulting, LLC History of SEM LESSON 1.6 LESSON 1.6 Where Are We Now? MOVIES The top 10 biggest combined grossing movies in a single weekend at the box office ever were movies released within the last five years. Actors and actresses are being paid more now than ever, particularly those with proven “star power” who can draw a crowd (Robert Downey Jr. earned a reported $75 million between June 2012 and June 2013) Copyright © 2014 by Sports Career Consulting, LLC Where Are We Now? MUSIC Over 25 billion songs have been downloaded from Apple’s iTunes store By contrast, 2006 was the first year to see over 1 billion digital download tracks sold Streaming music is the fastest-growing segment of the recordedmusic industry according to the Recording Industry Association of America with companies like Spotify reaching 40 million active users each month while Beats Music already had 525,000 paying subscribers within five months of the service launch date Copyright © 2014 by Sports Career Consulting, LLC 1 10/9/2014 History of SEM History of SEM LESSON 1.6 LESSON 1.6 Where Are We Now? BOOKS Where Are We Now? BOOKS The wild popularity of Author Veronica Roth’s Divergent series of books shows the crossover appeal books have with other forms of entertainment, spawning a box office smash and successful soundtrack sales Divergent opened with a $54 million weekend at Amazon reported that the final book in the trilogy, Allegiant, surpassed sales of The Hunger Games book three, Mockingjay at a pace of nearly five to one Billboard charts in its first week despite being release well before the film hit the theaters First-day sales for Allegiant surpassed 455,000 — a company record for publisher HarperCollins Copyright the box office and took just 14 days to surpass $100 million in sales The film soundtrack debuted in the top 30 on the As of August of 2014 (at the time this text was published), Divergent has crossed the $250 million plateau globally © 2014 by Sports Career Consulting, LLC History of SEM Copyright © 2014 by Sports Career Consulting, LLC History of SEM LESSON 1.6 LESSON 1.6 Where Are We Now? BOOKS In 2011, author John Locke became the first self published writer to sell over one million copies of books in Amazon’s kindle digital bookstore Copyright Where Are We Now? VIDEO GAMES According to guinessworldrecords.com, last year’s launch of the video game Grand Theft Auto V broke six world records, including the highest revenue generated by an entertainment product in 24 hours and the fastest entertainment property to gross $1 billion. © 2014 by Sports Career Consulting, LLC History of SEM Copyright © 2014 by Sports Career Consulting, LLC History of SEM LESSON 1.6 LESSON 1.6 Where Are We Now? VIDEO GAMES Following the success of Nintendo’s wildly popular “motion sensor” technology introduced with its Wii platform, Microsoft launched a controller-free gaming system to rave reviews. The Kinect system sold 1 million units in its first ten days in the marketplace. Copyright © 2014 by Sports Career Consulting, LLC Where Are We Now? VIDEO GAMES EA Sports announced that its popular college football video game NCAA Football 12 sold 700,000 copies during its first two weeks on store shelves, a franchise record (sales were up 17% compared with last year's NCAA Football 11) Copyright © 2014 by Sports Career Consulting, LLC 2 10/9/2014 History of SEM History of SEM LESSON 1.6 LESSON 1.6 Where Are We Now? VIDEO GAMES In 2012, it took just 2.5 hours for Angry Birds Star Wars to hit No. 1 in the iTunes App Store. Copyright © 2014 by Sports Career Consulting, LLC Where Are We Now? THEATRE By the summer of 2012, Broadway smash Wicked had already grossed over $2 million in ticket sales while The Book of Mormon, which has been on Broadway for over three years, is still performing to crowds of 103% capacity Copyright © 2014 by Sports Career Consulting, LLC History of SEM LESSON 1.6 Where Are We Now? THEATRE Broadway raked in nearly $1.3 billion during its 2013-2014, 53-week season, making it the highest grossing season in Broadway's history Copyright © 2014 by Sports Career Consulting, LLC 3