Sports Tourism Business The Business Of Sprots Media Man

Sports Tourism Business

The Business Of Sports

Pro Wrestling, MMA and Formula 1 Las Vegas scenario in the mix

Industry Developments: Peaked or Not? Price Points. Supply and Demand

UFC.com TKO Group WWE.com

(Image credit: TKO Group)

Pro Wrestling

The Business Of Wrestling; Supply and demand, and budgets

A Scribe From A Media and Sports Agent and Lifelong Fan..

Has the industry peaked, coming off the back of the acclaimed and high profile TKO Group deal bringing together both the WWE, the world's leading pro wrestling based promotion, and the UFC
- the world's leading mixed martial arts promotion.

Combat sports and showbiz can be very big business. We know this from first hand experience having worked on hundreds of combat sports and related campaigns over the past two decades plus. We will save the "name drops". Some of the readership already knows.

The world faces a somewhat uncertain future, be it in the economic realm - both for families and individuals, and many people are taking much of their money out of the bank as they are not seen as a particularly safe or worthwhile place for financial investment and growth these days.

People and companies are watching their budget. Entertainment is a form of luxury. One can spend very little or a whole lot! We've done both.

Many moons ago when we were doing much more frequent international travel we went to Europe after the most recent Thailand trip. Pro wrestling (the CWA I believe - Otto Wanz promotion in Germany) was part of the appeal, along with our wrestling penpals (that's an old term) mates in Austria. We spent quite a lot of money on that sports tourism adventure and have got memories to last a lifetime from it. The cost of living wasn't so experience back then and we were making very serious money every single month without fail (thank you Optus Vision/Comms PPV and contract bundling department). We were paid to talk about and sell combat sports, subscriber television content as well as up-sell a range of comms services.

The combat sports including pro wrestling industry has grown greatly over the past decade - say 40 years or so..as long as we've been watching, and from time to time participating in a range of campaigns.

Budgets have changed for many people. Firms need to be careful that they don't get greedy and price gouge.

Recently in Las Vegas many F1 tickets were not sold and hotel rooms left empty as the word got out on just how expensive the F1 experience was going to be. F1 has their massive media rights deals in place and F1 teams have massive sponsorships. Many F1 fans and the public at large gave it a miss as it was going to cost say between $1,500 to $7,000 investment to get the full experience in Vegas for between one to four persons. You can watch plenty of F1 at home on the websites and YouTube etc right.

Years ago we traveled to Melbourne from Sydney for massive WWE supershow and it was fantastic. Two wrestling tickets for about $100 each two return flights for about $300 each and one hotel room for the night at about $400. All a memorable and great experience - but it all adds up. $1,200 AUD ..not too bad for a couple of combat sports lovers right. Much better/special than the local club wrestling - as a general rule.

Sports business is based on supply and demand like most other businesses models.

The pro wrestling and combat sports sector is saturated.

Business models will continue to be disrupted but are also subject to economic conditions.

Something tells us that one or two airlines down under in Australia will be experiencing a reality check in regards to sports tourism and a range of hotels looking to cash in on opportunities will also be dragged into the equation.

It's a bit of a perfect storm as Pandora's Box as of what's on the horizon for the business of pro wrestling, a curious offshoot of the combat sports arena.

There's nothing quite like attending a live pro wrestling show - especially the WWE. There's also great merit in staying in the comfort of your own home and watching pro wrestling and combat sports from around the globe for between $10 to $20 a month. Everyone just needs to look at their own situation and business model and see what works for them

Promoters and fans - Win-Win-Wins are always ideal.

The next few months in and around this space are going to be very interesting.

As they said back in circa 1986, "The WWF: What The World Is Watching", and "WWF: The Worldwide Leader In Sports Entertainment".

*The original WWF has been known as the WWE for the longest time since VKM got the "F" out of the same and replaced it with an "E" - for Entertainment. Turning negatives into positives.. something the WWE has a strong track record in. Here's to many more decades of great pro wrestling aka sports entertainment.

News

Battle For Sports Entertainment Dollar

UFC - Sports Entertainment aka Professional Wrestling world shake ups; UFC 229 has pro wrestling theme storyline and characters; UFC going pro wrestling for adults?; UFC darker storylines and meshing real life with stories could facilitate changes for WWE product says Media Man agency; DX not exactly pure PC / PG, New Japan influence?

Sports entertainment business approaching fever pitch down under in Australia; WWE, UFC others eyeing off major Australian sports stadiums; Potential sports betting opportunities; William Hill, Bet365, other sports betting giants interested to secure naming rights to Australian horse racing and motorsport tracks?

How UFC Got Social Media Right; WWE taking the fight online via social media and people power

UFC AND MONSTER ENERGY ANNOUNCE EXTENSION OF GLOBAL PARTNERSHIP - 16th January 2018

Prime News

Vince McMahon: News

Logan Paul: News

What the media has said about wrestling over the years, by Greg Tingle

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