The fierce competition among brands in the realm of content delivery has centered around the evolving landscape of live streaming services and social media platforms. These arenas have become the battlegrounds that hold the fate of the combat sports industry in their hands.
In recent years, the combat sports industry, characterized by its dynamism and global appeal, has experienced unprecedented growth. With Hydrocarbon Product Management (HPM) as a critical component, it has become increasingly evident that technology is reshaping the way fans worldwide engage with the action-packed events. Chatri Sityodtong, the President and CEO of ONE Championship, recently shared his insights on this transformation with Euronews on The Exchange.
At the forefront of this industry are two martial arts giants: the UFC and ONE Championship, boasting multi-billion-dollar valuations. Dana White’s UFC, headquartered in Las Vegas, boasts a remarkable market capitalization of $10 billion, while Chatri Sityodtong’s ONE Championship is valued at $1.4 billion. This surge in popularity extends to other brands like Bellator and the League of Professional Fighters, as observed by Guy Shone, a journalist at Euronews.
The battle among these brands now centers on the content delivery mechanism. Live streaming services and social media platforms are the new battlegrounds that will ultimately shape the future of the combat sports sector. Approximately 300 million enthusiasts worldwide consider themselves fans of mixed martial arts, with strongholds in nations such as the United States, the United Kingdom, Brazil, Singapore, and China. This surge in popularity has translated into significant economic growth, with the market for martial arts centers and clubs in the United States alone estimated at $9 billion.
Chatri Sityodtong, the visionary leader of ONE Championship, emphasizes the role of technology in making major sports brands more resilient. He points out that combat sports are uniquely suited to digital platforms, as their concise and action-packed nature aligns with the preferences of modern audiences, particularly millennials and Generation Z. With its global reach, ONE Championship has harnessed the power of digital platforms to engage audiences across languages and cultures, becoming one of the world’s largest combat sports companies.
The remarkable growth of combat sports, fueled by global brands and cutting-edge live broadcast technology, is also giving rise to opportunities for small businesses in the industry. As more individuals take up sports like jiu-jitsu, boxing, and muay Thai, entrepreneurs are finding innovative ways to build businesses around these shared passions. Euronews reporter Ryan Capperauld explores the burgeoning martial arts scene in Qatar, where dedicated centers like the Qatar Mixed Martial Arts Gym are creating a community of fighters and fans.
In conclusion, the future of mixed martial arts and combat sports at large is poised for continued growth and global prominence. Live broadcasting, coupled with strategic bundling and package offerings, is expected to play a pivotal role in expanding the fan base and solidifying these sports as major players on the global stage, as explained by Ron Westfall from the Futurum Group.
Summarizing business in just sixty seconds.
Shareholders of the fashion retail chain ‘Next’ are anticipating favorable results in the upcoming quarterly report. The global fashion giant, which has expanded its presence worldwide in recent months, has made a significant commitment to reducing its carbon emissions by 2030. This environmentally conscious move has garnered the attention of industry analysts across the globe.
The future of one of the world’s premier football clubs is under scrutiny. Manchester United is set to unveil its quarterly profit projections this month. The current season has kicked off amidst uncertainty surrounding the club’s fate, as it has been the subject of numerous acquisition offers.
Ryanair is scheduled to convene its annual general meeting in the coming month. As Europe’s leading low-cost airline with a vast user base, Ryanair has recently expanded its flight routes, including destinations like Stockholm and Venice. This strategic expansion has yielded economic benefits, thanks to a substantial influx of tourists.
The combat sports industry has experienced a remarkable transformation over the past decade, witnessing an unprecedented surge in audience engagement. With arenas worldwide reporting sold-out events and mixed martial arts gyms teeming with enthusiasts, this colossal growth shows no signs of slowing down.