The Impact Of Sport On The Sport Industry - 1029 Words

Introduction Sport is an important growing industry compared to other similar sectors such as agriculture and fishery. The industry contributes a vital social and economic value to the society. According to the Eurobarometer survey in 2010, the industry has significant social movements across the EU . Sport also has the positive effects of bringing changes to the modern society and the culture .The substantial growth of the sport sector has a positive outcome on creating new jobs, training and education facilities in the society. In addition to that sport industry is one of the key resource to the Employability. Further, the industry is capable of creating a steady relationship with the public and the participant groups . The current trend of the sporting industry benefits from more commercial advantage than the socio and ethical movements .Sport events have nothing to sell other than Intellectual Property Rights owned by the organizers and the players. Revenue is generated via the commercial programs such as exploitation of media, sponsorship, ticketing, and merchandising. The relationship between IP rights and sport is an ancient concept and closer than some thought .†Sport shows intellectual property in action. Patents -encourages technological advances that result in better sporting equipment. Trademarks brands and designs contribute to the distinct identity of events, team and their gear. Copyright –related rights generate the revenues needed for broadcasters toShow MoreRelatedThe Impact Of Sports On Sports Industry950 Words   |  4 Pagesdefinition of sport industry; the sports industry is a market wherein the products manufactured and offered to its customers are sport, rec reation and fitness related and may be activities, amenities or people. Sports we support, follow and play today are part of our day-to-day lives and we forget that over 250 years ago the sports established today did not yet exist and the few that did would be unappealing and unrecognisable to the sports fans of today. Looking back to the history of sports we see aRead MoreThe Impact Of Apps In The Sports Industry856 Words   |  4 Pagesincreasing progress, the mobile app industry is skyrocketing. Whether you need to purchase a travel package, watch the big game or book plane tickets, all we need is a fast, reliable functioning phone with these applications. There isn’t a industry left that hasn’t benefitted from the presence of these apps. This is no exception to the sports industry. There isn’t a doubt that the sports industry has been benefiting from this every day. 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