a. The three similarities between the music and the sports business are: Fans: Both the music industry and the sports industry derives its revenues from a fan basis whether it be an idol worship or a player admiration. Both Michael Jordan and Britney Spears are stars in the eyes of their audiences, and it is the loyalty of the fan base that brings in the dollars. Size: The music industry is huge (worth upto $40 billion) just as the sports business (upto almost $300 billion) The universal language: The music business is universal as are some widely acknowledged sports rules. A soccer fan person in Turkey knows the rules to offsite as good as its Brazilian fellow.
Although the games are aired in the native language of the country, the regulations of sports are universal. Music is universal as well. You buy a CD and listen to it in its own language as opposed to the dubbing and subtitling of movies. b. The three differences between the music and the sports business are: In sports, results are unknown. The excitement of the game is highly correlated with the fact that its outcome is unknown; versus a song that one likes more the more she / he listens to it, and becomes a fan of a music group through repetitive performances of the same song.
One other difference between sports and music is that there is direct competition in sports; there is always someone who wins and someone who loses vs. indirect competition in the music business. E. g.
This report will look at each association and organisation in turn and assess their relevance to an artist / writer running their own record label. The report will discuss the various aims, functions, purpose, finances and structures of each organisation while also showing what interest they have in intellectual property. The British Phonographic Industry (BPI) was formally incorporated in 1973 ...
Bon Jovi does not win over Mick Jagger. A person who is into the rock trend will likely consume both their albums and like some of their songs the same. A third difference is that even though a sport is universal in terms of its regulations around the world, it is the leagues that are the companies in this business and locality is always involved. You always tend to side with your local team in a local league inline with siding with your country in the Olympics or any other worldwide competition. In music, there is no such necessity.
One the other hand, one could side with a music idol, totally unlinked to his / her local or national roots vs. a national hero, just because she / he likes the produced music better.