The paper analyzes the transformation of Formula 1 under the management of Liberty Media through the application of experiential marketing principles. The research aims to examine how, since its acquisition in 2017, Liberty Media has revolutionized the strategic positioning and experiential offerings of one of the world's most elite sports, previously characterized by a highly centralized and conservative business model developed during Bernie Ecclestone's long management. The paper develops through an analysis that starts with the theoretical framework of experiential marketing and then applies that framework to the Formula 1 sports context. The thesis compares the business model of the Ecclestone era with the innovations introduced by Liberty Media, highlighting the brand renewal strategies and the digital strategy revolution. It shows how Liberty Media has transformed Formula 1 from an elitist sports product to an experiential platform through several strategies, some of them: the introduction of F1 TV and a new format during the race weekend. The analysis highlights how these innovations helped rejuvenate the audience, diversify the fan base, and significantly increase engagement ratings and commercial revenues. The findings highlight the effectiveness of this approach in the contemporary sports context, offering a relevant case study for understanding how the evolution toward an experience economy can transform a traditional product into a global entertainment ecosystem capable of creating value for both fans and business stakeholders.
L'elaborato analizza la trasformazione della Formula 1 sotto la gestione di Liberty Media attraverso l'applicazione dei principi del marketing esperienziale. La ricerca si propone di esaminare come, a partire dall'acquisizione avvenuta nel 2017, Liberty Media abbia rivoluzionato il posizionamento strategico e l'offerta esperienziale di uno degli sport più elitari al mondo, precedentemente caratterizzato da un modello di business fortemente accentrato e conservatore sviluppato durante la lunga gestione di Bernie Ecclestone. Il lavoro si sviluppa attraverso un'analisi che parte dall'inquadramento teorico del marketing esperienziale, per poi applicare tale framework al contesto sportivo della Formula 1. La tesi confronta il modello di business dell'era Ecclestone con le innovazioni introdotte da Liberty Media, evidenziando le strategie di rinnovamento del brand e la rivoluzione della strategia digitale. Si dimostra come Liberty Media abbia trasformato la Formula 1 da prodotto sportivo elitario a piattaforma esperienziale, grazie a diverse strategie, alcune delle quali: l'introduzione di F1 TV e un nuovo format durante il weekend di gara. L'analisi evidenzia come queste innovazioni abbiano contribuito a ringiovanire l'audience, diversificare la base di fan e incrementare significativamente gli indici di engagement e i ricavi commerciali. Le conclusioni sottolineano l'efficacia di tale approccio nel contesto sportivo contemporaneo, offrendo un caso di studio rilevante per comprendere come l'evoluzione verso un'economia dell'esperienza possa trasformare un prodotto tradizionale in un ecosistema di intrattenimento globale capace di creare valore sia per i fan che per gli stakeholder commerciali.
La rivoluzione di Liberty Media: il marketing esperienziale nella Formula 1.
NICETTO, ALESSIA
2024/2025
Abstract
The paper analyzes the transformation of Formula 1 under the management of Liberty Media through the application of experiential marketing principles. The research aims to examine how, since its acquisition in 2017, Liberty Media has revolutionized the strategic positioning and experiential offerings of one of the world's most elite sports, previously characterized by a highly centralized and conservative business model developed during Bernie Ecclestone's long management. The paper develops through an analysis that starts with the theoretical framework of experiential marketing and then applies that framework to the Formula 1 sports context. The thesis compares the business model of the Ecclestone era with the innovations introduced by Liberty Media, highlighting the brand renewal strategies and the digital strategy revolution. It shows how Liberty Media has transformed Formula 1 from an elitist sports product to an experiential platform through several strategies, some of them: the introduction of F1 TV and a new format during the race weekend. The analysis highlights how these innovations helped rejuvenate the audience, diversify the fan base, and significantly increase engagement ratings and commercial revenues. The findings highlight the effectiveness of this approach in the contemporary sports context, offering a relevant case study for understanding how the evolution toward an experience economy can transform a traditional product into a global entertainment ecosystem capable of creating value for both fans and business stakeholders.| File | Dimensione | Formato | |
|---|---|---|---|
|
Nicetto_Alessia_Tesi .pdf
Accesso riservato
Dimensione
2.64 MB
Formato
Adobe PDF
|
2.64 MB | Adobe PDF |
The text of this website © Università degli studi di Padova. Full Text are published under a non-exclusive license. Metadata are under a CC0 License
https://hdl.handle.net/20.500.12608/88335