1.02 Discuss the impact of sports and entertainment marketing on the economy. Marketing The process of developing, promoting, pricing, and distributing products in order to satisfy customers’ ___________ and ___________. Products Include both ________and__________ Goods Goods are __________ objects that are useful to consumers. Examples: tennis rackets, soccer balls, uniforms. Services Services are ____________ and include tasks or acts performed for a customer for a price or fee. Examples: Going to a Broadway play or to a NASCAR race. Sports Marketing The involvement of __________ to develop, promote and distribute goods and/or services to satisfy the wants and needs of consumers. Includes sponsorship, endorsements, promotion, and fan clubs. Professional Teams Basketball: L.A. Lakers Football: ____________________ Hockey: Carolina Hurricanes Collegiate and Scholastic Teams UGA-University of Georgia FSU-Florida State University _________________________ Venues: Arenas, Stadiums, Coliseums, Speedways Verizon Amphitheater Lowe’s Motor Speedway Cricket ____________ Commercial Facilities Marina Boat Land Health Clubs Gold’s Gym Triangle SportsPlex Ladies Fitness and Wellness Quincy Roberts’ Elite Fitness Center __________ Recreation Aerobics Basketball Swimming Area parks ____________ Camps Tennis Camp __________ Camp Soccer Camp Camp Thunderbird Professional Individual Sports PGA World Tennis Association _______ Professional Individual Sports Running Swimming Golf ____________ Amateur Sports AAU-Amateur Athletic Union Agencies MLB-Major League Baseball NBA-National Basketball Association NFL-National Football League NCAA-National College Athletic Association SEC ______ Sport Support Services NASCAR Winston Cup Racing Wives Auxiliary Sporting Goods Industry Sports Town Asics Nike Adidas __________ Sport Sponsors Coca-Cola 600 Cadillac sponsoring the PGA Tour _______________________ Sports Media Sports Network Fox Sports Net ________________ Entertainment Marketing Involves the use of ______________ to develop, promote and distribute goods and/or services to satisfy the wants and needs of customers. Music Industry Maverick Records PSE Records JMG Records _______________ Movie Industry Warner Brothers Disney __________ Theme Parks Six Flags Family Fun Center _________________ Radio Industry FM AM Country Rap Hip-hop Jazz ______________________________ Film Industry ______________ Film Festival Television Industry Dawson’s Creek is filmed in the _________________ area Dramatic Arts Industry Children’s Theatre Adult’s Theatre Belk __________ Video Game Industry X-Box Nintendo Sony _________ Fine Arts and Science Industry Smithsonian Museum _________________ Night Club Industry Literacy Industry Library Internet ______________ Casinos Industry Las Vegas Reno ______________ Hobbies/Craft Industry ______________ Christmas Show Trends in Sports & Entertainment Sports: – – – __________ Rights X-Games Sport Specific Channels Entertainment – ___________ Web Casts – MP3’s – DVD’s Importance of Sports and Entertainment Generates about $______ to $______ billion in revenue. Approximately ______ million people viewed the 2002 Super Bowl. The average attendance per NFL game is _________. Importance of Sports and Entertainment In 2000, approximately _____________ people watched a NFL game. The NFL has $_________ billion in television deals with CBS, FOX, ABC, and ESPN. The NBA average is about __________ attendants. The average MLB attendance is ______________ per year. Importance of Sports and Entertainment Over ____ million people visit Walt Disney World each year. The Titanic, the movie, grossed almost $___ billion in global ticket sales. Importance of Sports and Entertainment Over ___ million American households own a VCR. Over ____ million American households own a DVD player. ____ % of Americans subscribe to cable TV.