Pro sports leagues from around the world, along with their players associations, have been among the most active property types to date in the world of NFTs. And many tend to think big, signing long-term deals for marketplaces rather than focusing on individual collections of NFTs, although they do that too. This year, and especially […]
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Competing for Fan Loyalty During Hard Times
By Karen Raugust on May 14, 2020 in Branding/marketing, Business models, COVID-19, Licensing, Sports
One segment of the licensing business where the shutdown of live events has had a significant impact is sports. The cancellation of sports seasons and events has removed their core reason for being, creating financial hardship for many and lessening the urge to purchase licensed merchandise, both in the short term and very possibly for […]
Taking a Chance on Sports Betting
In May 2018, the U.S. Supreme Court overturned the Professional and Amateur Sports Protection Act. The decision effectively allowed states to legalize sports betting—outside of Nevada, where it was already legal—although there are some court challenges ongoing related to the Wire Act that may alter the landscape somewhat. In the year and a half since […]