After sitting by my computer and watching LIVE pool for the past few days, it got me wondering.I was thinking to myself when the IPT goes to Asia, how many Asians are going to sign up for LIVE streaming video as well.The population of Taiwan alone is 23 million.The population of the Phillipines is nearly(many very poor, I know) 88 Million. In those two countries, people are absolutley ecstatic about pool.It's easily at least the number two sport in those countries.Then there's the rest of the world(6.7 billion) as well.How many people in the USA/Canada watch pool on TV?
I mean for a $29 membership and only $6 a month, it's a steal of a deal.
If a half a million viewers sign up Worldwide,then thats 3 million per month alone in revenue and close to $14.5 million more in in signup revenue from those half million.Then there's revenue from the qualifiers which are yes very expensive to enter, yet the turnouts for them seem to be good.Also Mr. Ho will make cash from gamblers betting on his IPT events and there could be TV contracts signed in Asia as well.If the IPT is to be successful finacially, then I think Asia, particuliarily Taiwan is the key.
If the IPT can get at least 166 thousand people(1/3 of a 1/2 million) to sign up for live video at $6 per month then that alone will be 1 million per month in revenue and 5 million in signup fees.
If the IPT has a tournament a month and offers prize money of 1 milllion per tourney, then those 166 thousand internet watchers will be enough to cover the prize money.
In summary:
These are lofty numbers I've put up and perhaps unrealistic goals that the IPT faces. I know that there are a lot of other expenses that the IPT must pay to get these tournaments running.They need to pay staff,rental for the venues, etc etc.They would also have to spend money on marketing to get the word out there about their live internet viewers to sign up etc etc
Some questions I put forth.
How many internet watchers do you think the IPT has a reasonable chance to signup?
Is a TV contract in Asia an unrealistic expectationl for the IPT?
Can Ho make any reasonable money on IPT gambling revenue as Asians bet on the event?
Is pool a viable sport that can attract a fan base and sell?
In closing:
Ho as the apparent 84th richest man has enough cash to suffer losses in the first few years as the IPT attempts to take off.
Will he eventually be able to turn a profit.Yes or no?
RJ
I mean for a $29 membership and only $6 a month, it's a steal of a deal.
If a half a million viewers sign up Worldwide,then thats 3 million per month alone in revenue and close to $14.5 million more in in signup revenue from those half million.Then there's revenue from the qualifiers which are yes very expensive to enter, yet the turnouts for them seem to be good.Also Mr. Ho will make cash from gamblers betting on his IPT events and there could be TV contracts signed in Asia as well.If the IPT is to be successful finacially, then I think Asia, particuliarily Taiwan is the key.
If the IPT can get at least 166 thousand people(1/3 of a 1/2 million) to sign up for live video at $6 per month then that alone will be 1 million per month in revenue and 5 million in signup fees.
If the IPT has a tournament a month and offers prize money of 1 milllion per tourney, then those 166 thousand internet watchers will be enough to cover the prize money.
In summary:
These are lofty numbers I've put up and perhaps unrealistic goals that the IPT faces. I know that there are a lot of other expenses that the IPT must pay to get these tournaments running.They need to pay staff,rental for the venues, etc etc.They would also have to spend money on marketing to get the word out there about their live internet viewers to sign up etc etc
Some questions I put forth.
How many internet watchers do you think the IPT has a reasonable chance to signup?
Is a TV contract in Asia an unrealistic expectationl for the IPT?
Can Ho make any reasonable money on IPT gambling revenue as Asians bet on the event?
Is pool a viable sport that can attract a fan base and sell?
In closing:
Ho as the apparent 84th richest man has enough cash to suffer losses in the first few years as the IPT attempts to take off.
Will he eventually be able to turn a profit.Yes or no?
RJ
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