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The Power of Storytelling
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The Power of Storytelling

8 minute read · Issue Number 83 · August 27th, 2021

Ronen Ainbinder
Aug 27, 2021
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The Power of Storytelling
www.sportstechbiz.com

Welcome to another weekly edition of Sports-Tech Biz! Every Friday, we learn about intriguing topics related to sports, business, and technology. If you’re reading this online or in a forwarded email, sign up for the newsletter:


What’s good?

I’ve never been a particular fan of any wrestling ‘sport’ or competition, but this past week, while I was hitting the gym, one of the TVs had the WWE on, and I have to admit, the level of entertainment absolutely hypnotized me.

I even forgot that my cardio time was up!

The moment I realized how mesmerized I was, I connected the dots on how that happened.

The actual combat between wrestlers feels artificial compared to UFC or even boxing, but – at least in my opinion – there’s one thing the WWE does better than any other wrestling sport: storytelling.


The Power of Storytelling

The evolution of the human species is a collection of stories that we pass on to each other generation after generation.

Nature, life, and this world are very complex systems for the mind to understand fully. To survive, learn, and adapt, humans use stories as the tool to make sense of the world and our surroundings.

Think about it, history (where even the word includes ‘story’) is a set of compelling summaries — things that happened in the past — that serve two purposes: help us understand things as they are now and predict what will happen in the future.

The WWE figured this out and leveraged it to create great entertainment for an audience of over 11 million fans in the US.

Storytelling in the WWE

One thing that distinguishes the WWE is their ability to write and produce captivating storylines consistently without becoming boring or repetitive.

So how do they do it?

Many elements make up for great storytelling, but let’s cover a few of the ones used in WWE.

Script & Controlled Angles

In the WWE, there’s a script behind most of what happens, and wrestlers execute their roles just like actors do in a theatrical performance.

Furthermore, I’d argue that watching WWE on TV may be more entertaining than in real life because you won’t miss the best angles and reactions.

Unpredictability & Surprise

Studies have found that during moments of surprise, notable brain activity changes in the prefrontal cortex in addition to pupil dilation, which indicates a surge of activity in dopamine-related reward centers.

It literally gives fans a sense of enjoyment and reward.

In actual sports, you get this once in a while; in WWE, you get it all the time.

The Love/Hate Rollercoaster

Every good story will have a setup, conflict, and resolution. In the WWE, about 20-40% of the time, wrestlers will be setting up their next battle (match), which they will solve through an organized fight.

Another way they nail this to perfection is when they make you love one wrestler, and out of a sudden, they make you hate him.

Character Development

The WWE are experts in character development, just like Hollywood does in movies to set up a character's personality, background, and goals in the story.

They are so perfect in this that they might even have enough patience and take years to develop a wrestler’s personality fully.

The Bottom Line

Sports is a blue ocean of opportunity for story creation. When you sit together with friends to discuss the score or the outcome of a competition, you always share your favorite stories.

While I wouldn’t say the WWE competes with other sports as an actual sport — they certainly do as entertainment — and that is because they know about the power of storytelling.


🎙 Halftime Snack of the Week

Keeping Your Sports Memories Alive

This week's snack features Matt Wolff – CEO & Founder of Ticket Time Machine!

Matt is building the future of souvenirs and collectibles through an augmented reality experience that enhances the fan experience and adds value for sponsors/brand partners.

We discussed collectibles, marketing as a service, live events, fan engagement, technology, and more in our conversation.

You certainly don’t want to miss this one!

Listen on Apple | Spotify | Google


QUICKIES

🏌🏿‍♂️Supply Chain Shortages Hit Golf Balls, Clubs; Irons, drivers, putters, even grips have been hard to find because of global supply chain shortages that have delayed everything from semiconductors to chlorine tablets. For golf, the timing couldn’t be worse.

📱Despite Slump, Sports NFTs Aren’t Going Away; More than half of sports NFT buyers are speculators and technology lovers. However, two additional segments of sports NFT buyers account for close to half of the market.

🎮 Epic Games Metaverse Is A Blue Ocean Strategy At Work; Epic is lowering the cost of access to the metaverse to virtually nothing – they’ve created a demand so strong through the brand power of Fortnite, and its players are unstoppable.


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Until next week,

Ronen Ainbinder

Twitter: @Ronenain

Website: ronenainbinder.com

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Sports-Tech Biz

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Read more: sportstechbiz.substack.com.
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