In 2024, the total revenue of the Formula One Group amounted to around **** billion U.S. dollars, representing an increase of over 13 percent on the previous year. Since 2017, the group has been owned by Liberty Media Corporation.
In 2024, the attendance of the British Grand Prix amounted to around 480,000, making it the best-attended F1 race of that year. Meanwhile, the attendance of the Australian Grand Prix totaled over 450,000.
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Europe’s television broadcasting industry has undergone major changes in the last decade in response to the disruption to the market caused by video-on-demand services (VOD). These services have actively pushed audiences away from traditional linear programming, especially among younger people. Traditional television broadcasters are trying to rival streaming giants like Netflix and Disney+ by investing in their own online platforms. Broadcasters have significantly augmented investment in their online platforms, including RTL and ITV, both of which have relaunched their services in recent years. Overall, TV broadcasting revenue in Europe is projected to remain flat over the five years through 2025, at €95.6 billion, with an estimated 1.4% hike in 2025. Pay-TV businesses are facing the double whammy of shrinking subscriptions and advertising revenue. Disposable income has dropped across Europe and households are switching from TV subscriptions to streaming subscriptions. Sky Italia, an Italian pay-TV provider, announced 1,200 job cuts in 2023, following a loss of over 300,000 subscriptions in the previous year. Live sports broadcasts are now also facing the emerging threat of online platforms. Giants like Amazon have acquired live sports rights in various countries to compete against established sports TV channels. Organisers are even exploring direct online event distribution, as seen with F1 TV, which live-streams F1 races directly to consumers in over 100 countries. More competition in this segment is a major threat to what is a highly profitable market for broadcasters. Traditional broadcasters are finding ways to stay competitive and relevant. Advertisers are set to continue to prioritise investment in online marketing, which yields better returns and curbs revenue for commercial broadcasters. Beyond investing in their own VOD platforms, French broadcasters are stepping up their game in terms of picture quality. By 2029, French broadcasters aim to discontinue terrestrial HD broadcasting, fully embracing the superior Ultra-HD, which would put them on par with Subscription Video on Demand (SVOD) capabilities. Evolving TV broadcasting is projected to support revenue growth at a compound annual rate of 4.2% over the five years through 2030, reaching €117.3 billion.
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The UK sports promoters market, a dynamic sector experiencing robust growth, is projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 7% from 2025 to 2033. This expansion is fueled by several key drivers. Firstly, the enduring popularity of major sporting events like Premier League football and international tennis tournaments creates significant demand for professional promotion services. Secondly, the increasing sophistication of media rights deals, coupled with the growth of digital platforms and streaming services, contributes to substantial revenue streams for promoters. The rise of influencer marketing and targeted advertising further enhances promotional reach and effectiveness. Finally, the ever-growing appetite for live experiences fuels ticket sales and sponsorships, strengthening the financial foundations of the industry. While challenges exist, such as the economic climate's influence on sponsorship and ticket sales, the overall trajectory remains positive. The segmentation of the market, encompassing various sports (Soccer, Formula 1, Basketball, Tennis, and others) and revenue sources (Media Rights, Merchandising, Tickets, and Sponsoring), presents significant opportunities for diversification and strategic growth. Prominent players like Matchroom Sport and Premier League showcase the market's established nature and the potential for consolidation through mergers and acquisitions. The geographic concentration of the UK market presents opportunities for expansion. While the UK forms a core market, international expansion strategies are vital for continued growth. Emerging markets in Asia and parts of Africa, particularly those with rapidly expanding middle classes and growing sports fan bases, offer lucrative prospects for UK sports promoters. However, navigating differing regulatory environments and cultural nuances in these markets will be key to success. Furthermore, the evolving preferences of sports fans, including a demand for enhanced digital engagement and personalized experiences, require promoters to adopt innovative strategies. The sector's resilience and adaptability are crucial for sustaining the projected growth and capturing the opportunities presented by the evolving sports landscape. This necessitates strategic investments in digital infrastructure, data analytics, and talent acquisition. This report provides a comprehensive analysis of the UK Sports Promoters Market, covering the period 2019-2033. It delves into market size, segmentation, trends, and future growth projections, providing invaluable insights for stakeholders across the sports industry. With a base year of 2025 and an estimated year of 2025, the forecast period extends to 2033, offering a long-term perspective on this dynamic sector. This in-depth study utilizes data from the historical period (2019-2024) to provide a robust foundation for future predictions. Recent developments include: June 2023: Sport-tech 50 introduced Talent Pathway ID, a groundbreaking addition to its lineup, offering AI-powered performance analysis for both athletes and coaches., April 2023: Madison Square Garden Entertainment Corp. celebrated the successful completion of its spin-off from Sphere Entertainment Co., marking the start of trading on the New York Stock Exchange under the ticker symbol "MSGE." Sphere Entertainment still retains approximately 33% ownership of MSG Entertainment's outstanding shares.. Key drivers for this market are: Increase in Number of Spectators Watching Sports. Potential restraints include: Increase in Number of Spectators Watching Sports. Notable trends are: Athletes Influencers is Driving the Market.
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Europe’s television broadcasting industry has undergone major changes in the last decade in response to the disruption to the market caused by video-on-demand services (VOD). These services have actively pushed audiences away from traditional linear programming, especially among younger people. Traditional television broadcasters are trying to rival streaming giants like Netflix and Disney+ by investing in their own online platforms. Broadcasters have significantly augmented investment in their online platforms, including RTL and ITV, both of which have relaunched their services in recent years. Overall, TV broadcasting revenue in Europe is projected to remain flat over the five years through 2025, at €95.6 billion, with an estimated 1.4% hike in 2025. Pay-TV businesses are facing the double whammy of shrinking subscriptions and advertising revenue. Disposable income has dropped across Europe and households are switching from TV subscriptions to streaming subscriptions. Sky Italia, an Italian pay-TV provider, announced 1,200 job cuts in 2023, following a loss of over 300,000 subscriptions in the previous year. Live sports broadcasts are now also facing the emerging threat of online platforms. Giants like Amazon have acquired live sports rights in various countries to compete against established sports TV channels. Organisers are even exploring direct online event distribution, as seen with F1 TV, which live-streams F1 races directly to consumers in over 100 countries. More competition in this segment is a major threat to what is a highly profitable market for broadcasters. Traditional broadcasters are finding ways to stay competitive and relevant. Advertisers are set to continue to prioritise investment in online marketing, which yields better returns and curbs revenue for commercial broadcasters. Beyond investing in their own VOD platforms, French broadcasters are stepping up their game in terms of picture quality. By 2029, French broadcasters aim to discontinue terrestrial HD broadcasting, fully embracing the superior Ultra-HD, which would put them on par with Subscription Video on Demand (SVOD) capabilities. Evolving TV broadcasting is projected to support revenue growth at a compound annual rate of 4.2% over the five years through 2030, reaching €117.3 billion.
https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/
Europe’s television broadcasting industry has undergone major changes in the last decade in response to the disruption to the market caused by video-on-demand services (VOD). These services have actively pushed audiences away from traditional linear programming, especially among younger people. Traditional television broadcasters are trying to rival streaming giants like Netflix and Disney+ by investing in their own online platforms. Broadcasters have significantly augmented investment in their online platforms, including RTL and ITV, both of which have relaunched their services in recent years. Overall, TV broadcasting revenue in Europe is projected to remain flat over the five years through 2025, at €95.6 billion, with an estimated 1.4% hike in 2025. Pay-TV businesses are facing the double whammy of shrinking subscriptions and advertising revenue. Disposable income has dropped across Europe and households are switching from TV subscriptions to streaming subscriptions. Sky Italia, an Italian pay-TV provider, announced 1,200 job cuts in 2023, following a loss of over 300,000 subscriptions in the previous year. Live sports broadcasts are now also facing the emerging threat of online platforms. Giants like Amazon have acquired live sports rights in various countries to compete against established sports TV channels. Organisers are even exploring direct online event distribution, as seen with F1 TV, which live-streams F1 races directly to consumers in over 100 countries. More competition in this segment is a major threat to what is a highly profitable market for broadcasters. Traditional broadcasters are finding ways to stay competitive and relevant. Advertisers are set to continue to prioritise investment in online marketing, which yields better returns and curbs revenue for commercial broadcasters. Beyond investing in their own VOD platforms, French broadcasters are stepping up their game in terms of picture quality. By 2029, French broadcasters aim to discontinue terrestrial HD broadcasting, fully embracing the superior Ultra-HD, which would put them on par with Subscription Video on Demand (SVOD) capabilities. Evolving TV broadcasting is projected to support revenue growth at a compound annual rate of 4.2% over the five years through 2030, reaching €117.3 billion.
https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/
Europe’s television broadcasting industry has undergone major changes in the last decade in response to the disruption to the market caused by video-on-demand services (VOD). These services have actively pushed audiences away from traditional linear programming, especially among younger people. Traditional television broadcasters are trying to rival streaming giants like Netflix and Disney+ by investing in their own online platforms. Broadcasters have significantly augmented investment in their online platforms, including RTL and ITV, both of which have relaunched their services in recent years. Overall, TV broadcasting revenue in Europe is projected to remain flat over the five years through 2025, at €95.6 billion, with an estimated 1.4% hike in 2025. Pay-TV businesses are facing the double whammy of shrinking subscriptions and advertising revenue. Disposable income has dropped across Europe and households are switching from TV subscriptions to streaming subscriptions. Sky Italia, an Italian pay-TV provider, announced 1,200 job cuts in 2023, following a loss of over 300,000 subscriptions in the previous year. Live sports broadcasts are now also facing the emerging threat of online platforms. Giants like Amazon have acquired live sports rights in various countries to compete against established sports TV channels. Organisers are even exploring direct online event distribution, as seen with F1 TV, which live-streams F1 races directly to consumers in over 100 countries. More competition in this segment is a major threat to what is a highly profitable market for broadcasters. Traditional broadcasters are finding ways to stay competitive and relevant. Advertisers are set to continue to prioritise investment in online marketing, which yields better returns and curbs revenue for commercial broadcasters. Beyond investing in their own VOD platforms, French broadcasters are stepping up their game in terms of picture quality. By 2029, French broadcasters aim to discontinue terrestrial HD broadcasting, fully embracing the superior Ultra-HD, which would put them on par with Subscription Video on Demand (SVOD) capabilities. Evolving TV broadcasting is projected to support revenue growth at a compound annual rate of 4.2% over the five years through 2030, reaching €117.3 billion.
https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/
Europe’s television broadcasting industry has undergone major changes in the last decade in response to the disruption to the market caused by video-on-demand services (VOD). These services have actively pushed audiences away from traditional linear programming, especially among younger people. Traditional television broadcasters are trying to rival streaming giants like Netflix and Disney+ by investing in their own online platforms. Broadcasters have significantly augmented investment in their online platforms, including RTL and ITV, both of which have relaunched their services in recent years. Overall, TV broadcasting revenue in Europe is projected to remain flat over the five years through 2025, at €95.6 billion, with an estimated 1.4% hike in 2025. Pay-TV businesses are facing the double whammy of shrinking subscriptions and advertising revenue. Disposable income has dropped across Europe and households are switching from TV subscriptions to streaming subscriptions. Sky Italia, an Italian pay-TV provider, announced 1,200 job cuts in 2023, following a loss of over 300,000 subscriptions in the previous year. Live sports broadcasts are now also facing the emerging threat of online platforms. Giants like Amazon have acquired live sports rights in various countries to compete against established sports TV channels. Organisers are even exploring direct online event distribution, as seen with F1 TV, which live-streams F1 races directly to consumers in over 100 countries. More competition in this segment is a major threat to what is a highly profitable market for broadcasters. Traditional broadcasters are finding ways to stay competitive and relevant. Advertisers are set to continue to prioritise investment in online marketing, which yields better returns and curbs revenue for commercial broadcasters. Beyond investing in their own VOD platforms, French broadcasters are stepping up their game in terms of picture quality. By 2029, French broadcasters aim to discontinue terrestrial HD broadcasting, fully embracing the superior Ultra-HD, which would put them on par with Subscription Video on Demand (SVOD) capabilities. Evolving TV broadcasting is projected to support revenue growth at a compound annual rate of 4.2% over the five years through 2030, reaching €117.3 billion.
https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/
Europe’s television broadcasting industry has undergone major changes in the last decade in response to the disruption to the market caused by video-on-demand services (VOD). These services have actively pushed audiences away from traditional linear programming, especially among younger people. Traditional television broadcasters are trying to rival streaming giants like Netflix and Disney+ by investing in their own online platforms. Broadcasters have significantly augmented investment in their online platforms, including RTL and ITV, both of which have relaunched their services in recent years. Overall, TV broadcasting revenue in Europe is projected to remain flat over the five years through 2025, at €95.6 billion, with an estimated 1.4% hike in 2025. Pay-TV businesses are facing the double whammy of shrinking subscriptions and advertising revenue. Disposable income has dropped across Europe and households are switching from TV subscriptions to streaming subscriptions. Sky Italia, an Italian pay-TV provider, announced 1,200 job cuts in 2023, following a loss of over 300,000 subscriptions in the previous year. Live sports broadcasts are now also facing the emerging threat of online platforms. Giants like Amazon have acquired live sports rights in various countries to compete against established sports TV channels. Organisers are even exploring direct online event distribution, as seen with F1 TV, which live-streams F1 races directly to consumers in over 100 countries. More competition in this segment is a major threat to what is a highly profitable market for broadcasters. Traditional broadcasters are finding ways to stay competitive and relevant. Advertisers are set to continue to prioritise investment in online marketing, which yields better returns and curbs revenue for commercial broadcasters. Beyond investing in their own VOD platforms, French broadcasters are stepping up their game in terms of picture quality. By 2029, French broadcasters aim to discontinue terrestrial HD broadcasting, fully embracing the superior Ultra-HD, which would put them on par with Subscription Video on Demand (SVOD) capabilities. Evolving TV broadcasting is projected to support revenue growth at a compound annual rate of 4.2% over the five years through 2030, reaching €117.3 billion.
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In 2024, the total revenue of the Formula One Group amounted to around **** billion U.S. dollars, representing an increase of over 13 percent on the previous year. Since 2017, the group has been owned by Liberty Media Corporation.