Different Types Of Economics Within The Game Show Industry

The Pay TV industry in the US is changing rapidly. There are five main forces according to Porter that can describe this. The first four surround the fifth which is competitive rivalry. These forces help decide if a market is profitable. (Mindtools)

The allure of the lottery is for a small charge, usually $1 or $2, there is the possibility of winning millions. While the large majority of those who buy

enough money to give each of the athletes small shares to get what they need. Legally,

players images are used in all kinds of magazines, to show off their strengths and to put a image in your head of what you should look like. Like Baker Mayfield who is on sports illustrated. During NCAA games broadcasted on live T.V., millions of dollars are generated from ads and could be used to help pay athletes. On average the NCAA generates almost a billion dollars a year. Teams will give players scholarships to try to get them to go to school their, which allows them to get a good education for free. When very talented athletes join schools, the school gets a higher

As the final four comes to a close and the two champions are presented with their trophies, the real winners in some people’s eyes are the sponsors, advertisers, the schools, and finally the NCAA. All of these groups are the ones who end up with the money generated as a result of the games in the tournament and college athletes who particiapte. “The NCAA basketball tournaments, or "March Madness," have become a huge business. As Forbes' Chris Smith wrote, CBS and Turner Broadcasting make more than $1 billion off the games” (US News- Forbes’ Chris Smith). Smith’s statement shows how much money these athletes’ skills and contributions are generating. In return for giving their efforts and producing all this money, the student athletes do not receive any of these proceeds. People think college athletes should also be paid because of the money the NCAA makes off using these athletes names and likeness, like jerseys with an athlete’s number being sold and even in video games being played. Because of this, a group of former players filed an

College sports coming to an end with another emotional chutes and ladders match between the best teams within the NCAA. March Madness knocking at the door, along with a overwhelming “$11 billion for three weekends” that these teams pull in for NCAA (Michael). You have the best athletes in college competing in one of the most vigorous sports competitions in the USA. Now exactly how much do these athletes get paid for bringing in billions of dollars and putting on these shows for thousands if not millions to watch? Absolutely none of that is given to them not even a penny. There payment is the $5,000 to $10,000 scholarship that some of them have. Video games, ticket sales, advertising, and merchandise

When it comes to college basketball, it is basically the same thing. This sport alone generates large amounts of money because it is a popular sport in the United States. The real money is made in the month of March when the most anticipated college basketball tournament is played. Multiple businesses work with the NCAA to have their commercials shown during nationally televised games, the deals are made between them for large amounts of cash. According to an article from the NPR website “ Our athletic program at the University of Miami is subsidized by the university - millions of dollars, in fact - and I would argue that most of the programs in this country are in the same situation she says”( “Staff”). When all of these factors are put together it is very possible to pay college athletes since it is proven that the NCAA and universities make millions of dollars with ease.

There are over 100 college sports programs in the nation that are run by the NCAA football and basketball, among other sports. The NCAA makes money through merchandise, sales, and television broadcasts which increases each year. The NCAA makes about $1 billion dollars a month, $12 billion annually (Wilbon). A portion of the money then gets distributed to the schools to pay for the rights of the schools. In addition, the NCAA also has deals with multiple television companies that generates an additional $11.3 billion dollars (“College Athletes Should be Compensated”).

The purpose of this project is to tie together the various topics in microeconomics that are discussed during the semester. The project involves an analysis of a particular product or service, a company that produces the product, the industry that produces the product, and an industry that produces a raw material or input used in the production of the product you choose to analyze. Choose any final good or service (no basic commodities, although this could come in the analysis of an input market). Use this as an opportunity to gain knowledge about the economics of a product or service that interests you.

| THREATS * Weather * Competing forms of entertainment – video games, other sports, movies, jobs * Consumer loyalty for competitors * Demand fluctuation * Revenue lower than projections * Underestimated costs

Economic theory introduces us to four different types of markets: perfect competition, monopolistic competition, oligopoly, and monopoly. Professional sports teams operate in an environment that is different than the typical business structure. The goal of this paper is to look at this industry, in particular the NFL, in an economics context and gain an understanding of the market structure of this unique industry. To do this I will discuss a brief history of the National Football League in the U.S. and how this organization is structured. I will also discuss typical market structures and type of

Netflix is an entertainment company that specializes in streaming media and online video-on-demand. Over the years, it has grown to include film and television production and other distribution services. Its business model has changed, and so has its overall production cost grown to keep up with the increased market share. As a result, its current position in the market has made it more exposed to competition from other firms, which is why it needs to develop new strategies to remain profitable. Netflix has grown over the past years despite competition and its unprofitability (Helft, 2007). Therefore, to understand its success, it is important provide a microeconomic analysis of Netflix, its history, its products, and the market.

To provide an analysis and make recommendations to increase revenue in the movie exhibition industry.

It’s that simple, the higher your influence you have on society, the more you’ll make. Actors, athletes etc. can affect many people, through television and social media. If you say that actors and athletes are being paid too much, you are basically paying them and help them earn money, imagine if millions of people paid just 2 dollars each these celebrities would earn millions of dollars in just a second. If you go and watch their movie or attend their sports game or buy a piece of their merchandise, you are contributing to their success. Celebrities depend on their fans mostly to make money so it’s completely up to us. For example, If no one goes and sees Kim Kardashian’s reality show, then she won’t earn any money. Another example would be

2) Introduction and Summary Our performance in BTM game Market structure analysis Strategies of our firm 3) Analysis of our problems in the BTM game MC and MR Plant size Price elasticity Training and process improvement advertising, product development and E-commerce 4) How to improve our performance in the future Macroeconomic analysis Competitor analysis Payoff matrix Kinked demand