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There's a fundamental disconnect over the value of sports.
Posted on 4/26/17 at 1:24 pm
Posted on 4/26/17 at 1:24 pm
Sports as a whole is worth a great deal of money.
Smaller segments of sports aren't worth as much.
The revenue of the SEC as a whole was $639M during the 2016 fiscal year.
Here are the revenues of the 5 highest grossing sports departments in the nation:
Texas A&M: $192.6M
Texas: $183.5M
Ohio St.: $167.2M
Michigan: $152.5M
Alabama: $148.9M
Pretty big numbers right?
Well.. Kind of..
Counting Domestic grosses alone.. there were 13 movies released in 2016 that had higher revenues.
If you count world wide revenues.. there were 43 movies that had higher revenues than any college sports department.
There were 7 films that each had worldwide revenue higher than the combined revenues of the top 5 athletic departments. Keep in mind, that's all ticket sales. No merchandise, rentals, sales etc.
In 2016, Alabama made less money than The Monkey King 2 in 3D.
Think about that...
Hell, the newest fast and the furious movie made more money in one weekend in CHINA than ANY college sports team made all fricking year.
Smaller segments of sports aren't worth as much.
The revenue of the SEC as a whole was $639M during the 2016 fiscal year.
Here are the revenues of the 5 highest grossing sports departments in the nation:
Texas A&M: $192.6M
Texas: $183.5M
Ohio St.: $167.2M
Michigan: $152.5M
Alabama: $148.9M
Pretty big numbers right?
Well.. Kind of..
Counting Domestic grosses alone.. there were 13 movies released in 2016 that had higher revenues.
If you count world wide revenues.. there were 43 movies that had higher revenues than any college sports department.
There were 7 films that each had worldwide revenue higher than the combined revenues of the top 5 athletic departments. Keep in mind, that's all ticket sales. No merchandise, rentals, sales etc.
In 2016, Alabama made less money than The Monkey King 2 in 3D.
Think about that...
Hell, the newest fast and the furious movie made more money in one weekend in CHINA than ANY college sports team made all fricking year.
6
Posted on 4/26/17 at 1:25 pm to Killean
So you're saying we need to start making movies?
Posted on 4/26/17 at 1:26 pm to Killean
quote:
Think about that...
No
This post was edited on 4/26/17 at 1:29 pm
Posted on 4/26/17 at 1:32 pm to SwaggerVance
League of Legends has over $1.6 billion in annual revenue.
The company that makes Clash of Clans and Clash Royale has over $2.3 billion in annual revenue and they have only 3 total games.
Clash of Clans and Clash Royale bring in more annual revenue than the athletic departments of the entire SEC combined.
The company that makes Clash of Clans and Clash Royale has over $2.3 billion in annual revenue and they have only 3 total games.
Clash of Clans and Clash Royale bring in more annual revenue than the athletic departments of the entire SEC combined.
Posted on 4/26/17 at 1:33 pm to Killean
should add music to your comparison
This post was edited on 4/26/17 at 1:35 pm
Posted on 4/26/17 at 1:34 pm to NYCAuburn
quote:
should add music to your compasion
Nick Saban and Ed Orgeron duet album anyone?
Posted on 4/26/17 at 1:35 pm to Killean
Do you have a link or did you figure it all out yourself? I would like to share this info with someone.
Posted on 4/26/17 at 1:43 pm to Killean
This is a fundamentally flawed comparison. There are individual movies that make great revenues. There are also thousands of movies that make $0 in revenue.
While both college football and movies are 'entertainment' they are fundamentally different from one another. And the fact of the matter is, most people don't care about either of them.
Let's see how the global movie industry compares to the global food industry or the global healthcare industry
While both college football and movies are 'entertainment' they are fundamentally different from one another. And the fact of the matter is, most people don't care about either of them.
Let's see how the global movie industry compares to the global food industry or the global healthcare industry
Posted on 4/26/17 at 1:43 pm to Killean
i'm not sure i believe your numbers... i mean MsState generated around 70 million in revenue... there are at least 10 more SEC programs with as much or more revenue than that.
Posted on 4/26/17 at 1:44 pm to mauser
You can find movie revenue information at boxofficemojo.com
You have to search for the other info. It's all out there in various articles.
You have to search for the other info. It's all out there in various articles.
Posted on 4/26/17 at 1:45 pm to yatesdog38
The SEC revenue is for the conference a whole. Most of it is distributed to members. That's the conference TV package etc.
School revenue numbers include those payouts.
School revenue numbers include those payouts.
Posted on 4/26/17 at 1:45 pm to mauser
It looks like this sports bubble may finally be bursting. The next one after that will be the education bubble. All these fat cat administrators and professors who have a lock on cushy six-figure jobs will all be going the way of the dodo bird. I wonder what will happen to all of that valuable real estate.
Posted on 4/26/17 at 1:46 pm to UAtide11
quote:
There are individual movies that make great revenues. There are also thousands of movies that make $0 in revenue.
how is this different then sports?
Posted on 4/26/17 at 1:53 pm to NYCAuburn
quote:
how is this different then sports?
How many collegiate football teams made nearly $0 in revenue last year? And would you say it was most of them?
Also, the production costs of movies of the scale in OP far exceed anything that a college athletic department spends. Not to mention the distribution costs, marketing costs, etc. You are comparing apples and oranges.
It's like saying, "y'all think Paul Allen's $200m yacht is expensive, well check out the $1B USS Nimitz supercarrier"
Posted on 4/26/17 at 1:55 pm to Killean
why did you bring up member institutions then? if you want to talk about the total revenue of all the schools combined in the SEC then that would be a better comparison as opposed to just the SEC's revenue. You are comparing apples and oranges... the accounting in a for profit movie budget is going to be different than a non-profit organization such as the bulldog club funding part of the athletic department's annual budget. What is your end goal? are you trying to place a present value on the SEC football and compare it to the present value of a movie franchise or something? sounds like you are just stupid
Posted on 4/26/17 at 1:59 pm to Killean
Where people indicating that sports, specifically collegiate sports were larger than the film industry? I don't understand exactly what the discussion is hinged upon. I figured anyone could figure the global impact of sports is felt culturally more than monetarily. Especially in comparison with something like Hollywood.
Posted on 4/26/17 at 2:08 pm to yatesdog38
Furthermore, sporting events are live events. How does one year of SEC revenue stack up against one year of Broadway revenue?
As far as perpetual entertainment and the revenues and production costs thereof, how does the Fate of the Furious stack up against a Pollock or Gauguin that sells for $200m+?
These numbers also don't take into account the revenue that the cities themselves receive from hosting the events. Hotels, food, beverages, parking permits, increased property values (and their taxes), etc.
This comparison is pointless.
As far as perpetual entertainment and the revenues and production costs thereof, how does the Fate of the Furious stack up against a Pollock or Gauguin that sells for $200m+?
These numbers also don't take into account the revenue that the cities themselves receive from hosting the events. Hotels, food, beverages, parking permits, increased property values (and their taxes), etc.
This comparison is pointless.
This post was edited on 4/26/17 at 2:10 pm
Posted on 4/26/17 at 2:12 pm to UAtide11
quote:
How many collegiate football teams made nearly $0 in revenue last year? And would you say it was most of them?
I can show you plenty football teams that made zero revenue, but they may not be college. But there are a decent amount of college teams that have zero revenue, but they arent div. 1, etc...
quote:Most universities ad's spend about what their yearly revenue is.
Also, the production costs of movies of the scale in OP far exceed anything that a college athletic department spends.
quote:
It's like saying, "y'all think Paul Allen's $200m yacht is expensive, well check out the $1B USS Nimitz supercarrier"
I dont think that a good example for what you are trying to say. Posted on 4/26/17 at 2:18 pm to UAtide11
I was gonna say the same thing but my brain is functioning slow today. someone needs to kill this thread original post = dumb
Posted on 4/26/17 at 2:37 pm to NYCAuburn
quote:
Most universities ad's spend about what their yearly revenue is.
That is primarily related to the fact that they are, by nature, non-profit organizations (that's certainly not to say they don't want profit). Their target outlays are in line with what they plan to generate, and 'profit' left over is a happy accident. Also, there are cases where the school in question just will never generate much money at all because a lack of fan support. Public budgeting is an entirely different animal than corporate budgeting.
quote:
It's like saying, "y'all think Paul Allen's $200m yacht is expensive, well check out the $1B USS Nimitz supercarrier"
I dont think that a good example for what you are trying to say.
I think it is, it's not perfect, but for the most part it holds. They are both boats. College football and movies are both forms of entertainment. Where they differ, in both cases, is their respective scale and purpose. Also the nature of one being privately funded and the other being publicly funded (though you might notice it is reversed, in that the private in this instance is on a smaller scale than the public, but the boat reference is not revenue generating)
This post was edited on 4/26/17 at 2:50 pm
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