Part 11/17:
NASCAR’s recent $7.5 billion media rights deal exemplifies the concentration of economic power in entertainment and sports. NASCAR's track owners and the league itself control a significant share of revenue—about 65%—raising concerns about monopolistic behavior. Comparatively, other sports leagues like the NFL or NBA retain less of their revenue share, highlighting how certain industries consolidate economic dominance.
Michael Jordan’s recent lawsuit against NASCAR over such revenue sharing practices exemplifies pushback against monopolistic structures that drain value from smaller stakeholders—namely drivers and teams—who generate the actual entertainment. This scenario echoes broader societal debates about how wealth and profits are distributed within large corporations.