3min snip

My First Million cover image

This $50M/Yr Side Hustle Is On Track To Make $1 Billion By 2030

My First Million

NOTE

The Rise of Advanced Sports Streaming Technology

The increasing trend of companies raising significant funds to develop advanced sports streaming technology, with annual revenues exceeding 50 million dollars, showcases the surprising growth and success in this sector. Utilizing AI cameras and computer vision technology, companies are able to track player movements and provide advanced statistics for various sports events, making it a lucrative venture. The idea of live streaming niche sports events has been around for a while, with companies like Second Spectrum and Synergy Sports focusing on tracking player data in NBA stadiums. The emotional connection and willingness to pay for personalized content, such as live-streaming family sports events, highlight the demand for such services. The evolution of technology, including AI cameras and high-quality streaming capabilities, has now made it feasible to offer live streaming, recording, and highlights of sports events, making it an opportune time for this idea to thrive.

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