100 likes | 127 Views
The Event Triangle. FAN. The Event Triangle models the relationships between producers and consumers in sports and entertainment markets. SPONSOR. EVENT. The “Event”. Draws participants, spectators and sponsors Provides entertainment for spectators
E N D
The Event Triangle FAN • The Event Triangle models the relationships between producers and consumers in sports and entertainment markets. SPONSOR EVENT
The “Event” • Draws participants, spectators and sponsors • Provides entertainment for spectators • Provides exposure opportunities for sponsors
Examples of Canadian Events: • Olympics in Canada (1976 Montreal), (1988 Calgary), (2010 Vancouver) • The Grey Cup Game or Molson Indy • World Series or NHL Playoffs • Toronto International Film Festival • Gay and Lesbian Pride Parade • High School Alumni 50th Anniversary
The “Sponsor” • Reaches consumers with advertising • Markets its products, services and image • Leverages business opportunities - e.g. naming rights to arena, stadium or theatre
The “Fan” • Attends as a source of entertainment • Pays to attend • Exposed to corporate promotions
Exchanges in the Triangle • Entertainment • Merchandise Event Fan • Money
Exchanges in the Triangle • Exposure • Promotion • Sales opportunitiesfor products, services Sponsor Event • Funding • Products • Services
Exchanges in the Triangle • Funding • Products • Services Sponsor Fan • Money
Event Marketing Concerns • What is the “Draw” or something that will entice people to attend (e.g. Ricky Williams & the Argos) • What types of promotion are available from the sponsor? • What are the sales opportunities for merchandise & cross-promotions?
Effect of Media Broadcasting • Expands the Target Market • Expands marketing opportunities • Expands the distribution & consumption of the event/ products