John WallStreet’s Post

Finding job candidates is easy. Finding self-motivated overachievers to fill open positions is hard. JohnWallStreet readers are actively trying to get smarter and stay ahead of industry trends...it's why they read. Those are the individuals that sports and media properties should be looking to hire. And we can help you find them. We're going to introduce some job opportunities in the weeks ahead as we look to prove out our placement thesis. Our first comes from Will Ventures, an early-stage venture capital firm investing across consumer, health, and media startups. Will Ventures is hiring another investor to support their deal sourcing and diligence motion. In this role, you’ll work closely with the firm's partners to identify and win deals in and around the sports and entertainment landscape. Have a job opening and know the right hire is a JohnWallStreet reader? Reach out to JWS COO Randall Friedman at [email protected]. https://lnkd.in/eEABu4KG

McKinsey & Company claims companies using AI in their sales processes have been able to grow revenues by as much as 5%. But there are two types of AI: traditional and generative. Both have roles in a modernized ticket sales strategy. However, the vast majority of teams, leagues, and federations still only leverage the former’s capabilities. Rights owners and event promoters across the landscape use platforms like Ticketmaster Sport, eventellect, and TicketSell, all built on traditional AI, to make better, data-informed decisions on pricing strategies. Far fewer are taking advantage of ChatGPT’s ability to analyze email correspondence for buyer, or potential buyer, intent. AI’s true power in the ticket sales process lies in its ability to produce deep, actionable insights on trends and fan behavior. #sports #sportsbiz #sales #AI #ticketing #tickets #revenue #strategy cc: Shripal Shah Jacie Brandes Ryan Dastrup, PhD Randall Friedman JohnWallStreet https://lnkd.in/ejH2UKe4

The ongoing customer attrition occurring within the pay TV ecosystem has yet to negatively influence national sports media rights negotiations. The National Basketball Association (NBA) (and WNBA (Women's National Basketball Association)), NASCAR, and the College Football Playoff all received new deals with large average annual value increases in recent months. While tier one media partners have paid up to date (save WBD with the NBA), the expectation is growing rights fee obligations will eventually break a model already under pressure and force at least some to consolidate. “There is going to be a lot of M&A,” Patrick Crakes said. “If federal government regulatory authorities become more accepting to it, you could see there being only two or three established media companies when all is said and done.” If that ends up being the case, there will likely be fewer bidders competing for rights during the ‘next’ negotiation cycle. It’s logical to wonder how that might impact future league deals—and by proxy their teams’ revenue models and valuations. #sports #sportsbiz #media #consolidation #investment #TV #streaming cc: JohnWallStreet Jacie Brandes Ryan Dastrup, PhD Randall Friedman https://lnkd.in/eDEih2dk

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