Sports leagues and associations are today the most sought-out demographic to engage fans and users. See what changed in 2018 that’s leading up to transform 2019.
The year 2018 paved completely new ways of partnerships in the sports industry. While the foundations of this trend were laid years ago, it was only in 2018 it became clear that the sports industry is where any brand and every brand can truly benefit. This for the simple reason that despite the variety of sports leagues and teams the world has to offer, each sport boasts of a solid fan following. Investing in teams, leagues or specific sports brands or even fantasy sports applications is a no-questions-asked profitable deal. Before we delve into how such partnerships would evolve in 2019, let’s take a look at some significant partnerships that set it all in motion in 2018 –
Mind you that while Arsenal has improved performances in the last few years, it is still much behind in popularity with teams such as Chelsea, Manchester United or Liverpool. Yet, Adidas chose Arsenal for a record $380 million, five-year kit sponsorship deal. What’s significant is that this deal is the 3rd biggest kit sponsorship tie-up in the Premier League history, after Manchester United and Chelsea. The deal also marked Adidas’ return to Arsenal after almost three decades while Arsenal got almost 100% rise on the Puma contract that they signed in 2014.
In a one-of-a-kind deal where Facebook refused to disclose the exact amount of the buying rights, the social network giant bought the rights to live stream La Liga matches for fans in the Indian subcontinent. This means Facebook will show these games to 348 million users for free.
China’s biggest gaming and social media company Tencent led an investment deal in Indian fantasy sports platform Dream 11. The total investment of $100 million was jointly made by Tencent and venture capital firm Kalaari capital and private equity firm Multiples Alternate Asset Management.
The Professional Golfer’s Association expanded its partnership with Twitter to live stream close to 140 hours of action for free for the latter’s users.
The Professional Golfer’s Association expanded its partnership with Twitter to live stream close to 140 hours of action for free for the latter’s users. This coverage spanned across 28 tournaments part of which happened in 2018 and shall continue in 2019.
Both the deals from social media giants Facebook and Twitter we mentioned above point to a clear trend – people are going to watch sports for free through these channels now. This is a trend that’s bound to pick up since the live streaming is going to be free. Sports fans will hog on to these social media channels – an obvious strategy to increase both users and engagement for these giants. Expect huge screens, drive-in cafes live streaming La Liga or PGA tournaments in 2019.
Most big businesses have their own social media accounts and solid fan presence which may result in more investments in sports leagues, fantasy sports applications, and sports teams. Just as is evident from the renewal of kit sponsorship deal between Adidas and Arsenal, more merchandise and sports product brands would invest in teams and leagues for deeper fan loyalty and increase in sales. This may also attract related industries to show interest in investing in sports.
There’s no stopping the fantasy sports industry now as more and more brands come forward to increase fan engagement. With people watching matches via live streaming, they may be more likely to play fantasy games online.
Sports teams, leagues, and associations will promote their merchandise through social media channels like never before. Of course, they are already doing this but you may now find ecommerce plug-ins on their social media channels apart from the option of shopping while you are watching the live streamed matches. Sounds crazy? There’s a good possibility.
Vinfotech, world’s leading fantasy sports app development company, received two solid partnerships in 2018. Vinfotech signed a partnership with Pro Badminton League for creating a fantasy sports app around its badminton tournaments. It was interesting to see a badminton league thinking forward and initiating a fantasy app built around its gaming format. In the world of fantasy sports application development, these partnerships are decisive as they reflect on the changing trends in the sports industry.
Vinfotech creates world’s best fantasy sports-based entertainment, marketing and rewards platforms for fantasy sports startups, sports leagues, casinos and media companies. We promise initial set of real engaged users to put turbo in your fantasy platform growth. Our award winning software vFantasy™ allows us to build stellar rewards platform faster and better. Our customers include Zee Digital, Picklive and Arabian Gulf League.
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