And why they will be paying way more in five years
that inbound Aussie tourism is worth us 150 mill
That is actually a really clever way to look at it; we are not trying to sell RL to new fans (in the short term), we are actually selling RL fan attention to tourism groups.
ABS reckons the average overseas tip costs an Australian $5k. So directly we might assume that this LV event generated $100mil in tourism dollars from the 20k fans who went (spent mostly on airlines, hotels, etc).
THEN Vegas is the centrepiece for an event that +2million Aussies watched (assuming churn in those tv viewers). So all viewers can imagined themselves in Vegas on their next trip (how many more millions of dollars would that advertising be worth?
Yeh, if this event maintains or grows its interest just in Aus, we might start to see a fight between tourism boards in US to steal the event in 2029
From a business perspective, it is actually genius! We can try to get US fans as a side effect, but financial sustainability/success is founded on the established Aussie fans