Martial Arts Industry
Martial arts since the 1970s has become a significant industry, a subset of the wider sport industry (including cinema and sports television).
Hundreds of millions of people worldwide practice some form of martial art. Web Japan (sponsored by the Japanese Ministry of Foreign Affairs) claims there are 50 million karate practitioners worldwide. The South Korean government in 2009 published an estimate that Taekwondo is practiced by 70 million people in 190 countries.
The wholesale value of martial arts related sporting equipment shipped in the United States was estimated at 314 million USD in 2007; participation in the same year was estimated at 6.9 million (ages 6 or older, 2% of US population). R. A. Court, CEO of Martial Arts Channel, stated the total revenue of the US martial arts industry at USD 40 billion and the number of US practitioners at 30 million in 2003. Ultimate Fighting Championship generated a revenue of about USD 250 million in 2008, about 90% of the entire Mixed Martial Arts industry. World Wrestling Entertainment had a revenue of USD 1.4 billion.
Read more about this topic: Martial Arts
Famous quotes containing the words martial, arts and/or industry:
“Strike the concertina’s melancholy string!
Blow the spirit-stirring harp like any thing!
Let the piano’s martial blast
Rouse the Echoes of the Past,”
—Sir William Schwenck Gilbert (1836–1911)
“It never was in the power of any man or any community to call the arts into being. They come to serve his actual wants, never to please his fancy.”
—Ralph Waldo Emerson (1803–1882)
“Change of fashion is the tax levied by the industry of the poor on the vanity of the rich.”
—Sébastien-Roch Nicolas De Chamfort (1741–1794)