How do entertainment franchises become economic power?

The wealthy arrive for safety and tax, the concerts and fights follow them, the spectacle pulls in the next million. Vegas ran that loop for 70 years. Riyadh Season buys the UFC, Qiddiya rises from sand, and Saudi's PIF led the record $55 billion buyout of EA, closed in August 2026, the largest leveraged buyout in history. A country bought the games.