High-Flying PBR
I had every intention of watching the segment on the PBR on CNBC's "On the Money" program last night, but the program was so incredibly boring that I didn't make it to that segment. I found a summary on the PBR web site. Maybe you saw the program.
The opening segment was on the nomination of Henry Paulson, the chairman of one of Wall Street's biggest firms, to be Treasury secretary. What a snooze-fest. The CNBC report droned on for nearly 10 minutes repeating the same 30 seconds worth of information.
My sources at PBR tell me the program took an in-depth look at the PBR's soaring popularity and its similarities to the growth of NASCAR. PBR President Ty Murry and top PBR riders, along with fans, talked about the secret to PBR's success.
Someone said a long time ago that all press is good press, as long as your name is spelled right. I suppose we shouldn't look a gift horse (bull?) in the mouth in this instance. PBR is a hot topic and has gotten considerable amounts of mainstream press in the past couple years.
I get the opportunity to talk to many of the PBR sponsors during the course of a year. I always ask what they get out of it.
Here's the most common answer: Exposure to people who have no other connection to the Western world. In other worlds, PBR fans aren't necessarily into horses or riding or any of the traditional sports connected to Western wear. So if you're going to increase your appeal, you have to stop preaching to the choir. I have yet to find any PBR sponsor who is not happy with the response.
The PBR tour came to Minneapolis earlier this year, and I was amazed at the number of people who I didn't think would have even a scant interest in bull riding who attended the performances. Granted, most went in t-shirts and sneakers, but at least they were there. Now remember, these are the same people who think I'm totally insane to crawl on the back of a horse because "they're dangerous."
So once they're inside the arena, the sponsors get a crack at them. Apparenly, some of them get the idea that if they attend a PBR event or a rodeo, they should be wearing boots, hats and jeans. That's good for companies that make those products. That's good for PBR. That's good for the equine trade industry.
Someone at CNBC must have an equine connection somewhere because they regularly feature pieces on horses and riding. But you have to ask, "is anyone watching?" There are probably more PBR fans at one performance than watch "On the Money" on any given night.

