• Online ad spend to surpass print, TV in Australia by 2013: Study

    MUMBAI: For the first time, the advertising spends on online medium will exceed that on television or newspaper by 20

  • Internet advertising in US soars 22% to $31 bn

    MUMBAI: Revenue by way of Internet advertising in the US soared 22 per cent to $31 billion in 2011.

  • Mobile advertising drives M&C Saatchi growth for 2011

    MUMBAI: Even as industry pundits predict that digital and mobile advertising is the mantra for the future, mobile adv

  • Global sports market continues to thrive: PWC

    Submitted by ITV Production on Dec 24
    indiantelevision.com Team

    MUMBAI: PwC has released its second outlook for the global sports market ?Changing the game: the Outlook for the Global Sports Market to 2015?.

    The report reveals despite the ongoing troubling economic climate, the sports industry has continued to thrive with many major sporting events proving to be more popular than ever, yet boundary blurs between balancing competitive sport with mass-entertainment.

    PwC?s Markets managing partner Bruce Baillie said, "Here, in New Zealand, you don?t have to think back far to find an example of a major sporting event that proved a success on and off the field. We truly were a stadium of four million as World Cup fever gripped our nation earlier this year and showed our appetite for major sporting events is as strong as ever."

    It?s a situation reflected around the world as major sporting events experience the closer convergence between the sport and entertainment industries.

    "It?s the old technology chestnut, on-going enhancements in broadcasting and digital technologies are shaping how we spend our leisure time and limited resources. This is impacting on our expectations when it comes to major sporting events. If supporters leave the comfort of their couch to watch a rugby game or cricket match, for example, then they want an added-value entertainment experience," added Baillie.

    Sport faces a delicate balancing-act ? the need to maintain value for money in light of increased ticket prices and rising expectations among the paying public.

    Baillie warns that "get it wrong and supporters will vote with their feet and their wallets by simply not turning up. Then following not far behind will be the sponsors".

    Like for the broadcast industry, the use and impact of technology is proving a challenge in the sporting arena as consumers expect to access sport generally for free on their TV or internet.

    "While live streaming and social media in our increasingly digital world is a winner for sports fans it?s a major challenge for rights holders as they try to retain control over how, where and by whom sports content is consumed," says Baillie.

    Besides providing revenue forecasts, PwC?s "Changing the game: the Outlook for the Global Sports Market to 2015" also drills down into key segments with projections for gate revenues, sponsorship, media rights and merchandising:

    - Over the next five years to 2015, global sports revenues will grow to $145.3 billion at an annual compound growth rate (CAGR) of 3.7 per cent due to an improved economy, a rebound in TV advertising, the on-going migration of sports to pay TV and the resurgence of financial services and automobile companies to sponsorship.

    -Gate revenues will remain the biggest component of the global sports market accounting for 32.6 per cent of the total sports market ($44.7 billion in 2015).

    - Sponsorship accounts for 28.8 per cent of the total sports markets, sponsorship will see an average growth rate of 5.3 per cent to 2015 generating global revenues of $45.3 billion.

    - Media rights is the third largest category of revenue and accounts for 24.1 per cent of the total market and is the second fastest growing sector at 3.8 per cent CAGR. Revenues from media rights will see fairly healthy growth from $29.2 billion in 2010 to $35.2 billion in 2015.

    -Merchandising remains the smallest category of revenue accounting for 14.5 per cent of total global revenue. The global economic downturn has had a dramatic reduction in sports merchandising spend as consumers have tightened their discretionary spending. Sports clubs are also seeing a larger proportion of their merchandise transactions moving online which allows them to engage and interact with fans who can?t attend matches, including those living in other countries.

    Image
    Bruce Baillie
  • PwC, Viacom, Channel One Russia look to the future at Mipcom 2011

    Submitted by ITV Production on Sep 06
    indiantelevision.com Team

    MUMBAI: PricewaterhouseCoopers (PwC), Viacom International Media Networks and Russian television broadcaster Channel One Russia, will team up at the television trade event Mipcom to discuss the future of media, entertainment and broadcasting on 3 October.

    PwC global leader entertainment and media Marcel Fenez will present the annual PwC Global Entertainment and Media Outlook at Mipcom, outlining forecasts in the media and leisure industries. This industry report will be followed by interviews conducted by Fenez with Viacom International Media Networks president and CEO Robert Bakish and Channel One Russia CEO Konstantin Ernst.

    These two executives will share their thoughts on the digital migration of the global entertainment industry and their outlook for the next five years.

    Fenez said, "This is the golden age for consumers, who?ve never had it so good when it comes to accessing premium content (often for free) over multiple devices. And the migration to digital has continued to accelerate due largely to the device revolution. Entertainment & Media (E&M) CEOs are having to adapt their business models to capture the shifting nature of consumer demand. But the bottom line is that in order to continue to create the quality content demanded by consumers, someone has to pay."

    Image
    Mipcom
  • PWC releases nominations for Idea IIFA Awards 2006

    MUMBAI: PriceWaterhouseCoopers has released the nominations for the Idea IIFA Awards 2006 as per the results of votin

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