In: Economics
What is WWE's (World Wrestling Entertainment) global economic impact vs. its U.S. economic impact?
WWE is the wrestling sports entertainment that is already established in the USA. It has already established demand, infrastructure setup and fan base. It contributes in GDP by delivering entertainment services in the country. In contrast to it and in the global context, the WWE is spreading into the different markets with a growing pace. It is creating a new audience base and sponsors in different countries have taken it seriously. As a result, it has created new employment opportunities also in different countries. In the USA, the WWE has now lower operating expenses due to operations for the long time, but in global context, it is growing and cost of operation is also high. But, the creation of new employment, consistent development of fan base and emerging demand due to the change in entertainment preference has created a global entertainment segment. It has helped the WWE in expanding to the new countries on a regular basis. So, it makes a huge economic impact upon the global level also.