Saturday, 16 November 2013

US sports media rights worth $17bn by 2017: PwC

US sports industry revenue will grow at a compounded annual rate of 4.8 per cent to $67.7 billion by 2017, according to a report by PwC.
PwC New York, analyzed four key revenue streams – gate receipts, media rights, sponsorship and merchandise – for professional, college, minor league and some individual sports properties.

Media rights are projected to increase the most, growing at a compounded annual rate of 7.7 per cent to $17.1 billion by 2017. PwC cites upcoming rights deals for major properties and the media industry’s ability to make money from new platforms such as smartphone applications and streaming games over league websites for the future growth.
“What’s really driving it is the media rights and sponsorship segment,” Adam Jones, PwC’s director of sports advisory services, said in an interview. “In at least the next five years we are still anticipating the industry’s ability to leverage new inventory across both of those segments.”
PwC said the 4.8 per cent growth will be a significant step up from the five-year period from 2008 to 2012, which was affected by the US recession and labor fights that led to lockouts.
Compounded annual growth for that period was 0.8 percent to $53.6 billion, Jones said.

Source: http://cablequest.org/news/international-news/item/3572-us-sports-media-rights-worth-$17bn-by-2017-pwc.html
Source: http://cablequest.org/news/international-news/item/3572-us-sports-media-rights-worth-$17bn-by-2017-pwc.html

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