Showtime call BS on Iole and Rafael PPV "source"

[MiscBrah]

Yes, they are public companies... I won't even bother explaining what that means because it still baffles me everytime there's a ppv and people talk about companies cooking ppv numbers....


People need to remember this happen when he fought Ortiz and everyone bought into it because reporters like Steve Kim that are bankrolled by top rank started spreading rumors..

Showtime is contractually obligated to exaggerate Cherrypicker's ppv numbers above 1 million buys. haymon put that into the contract

First idiot to still talk about inflated numbers by a network after my post

[Outwest Exp 355]

Its funny how these "sources" leak this unconfirmed information the same time Top Rank drops Rios vs Pacquiao on us.

[3Sun2]

showtime and goldenboy are in full damage control mode since this fight was a bomb both numbers wise and entertainment wize ! no matter how you slice it the fans are not ****** and they will not put up with cherrypicking , and running against the cherrypicked opponent ! the fans saw through the smoke and mirrors and saw this fight for what it was a snooze fest !

[Twako]

even if it breaks a mill, his next fight wont, based from the boos you heard from the crowd.

[-PBP-]

even if it breaks a mill, his next fight wont, based from the boos you heard from the crowd.

Canelo vs. Floyd easily breaks a mil.

[crazed_z06]

Bad ppv numbers might be a good thing for Boxing fans. Showtime might try to influence Floyd to take some tougher fights

Doubtful. Floyd does what FLoyd wants.

[edgarg]

Out of interest if the the number was under a million, say between 850,000 and 1,000,000 at $70 a pop would that actually cause Showtime to lose money?

It wasnt that long ago that Mayweather Hatton got 900,000 odd buys and it was seen as a great number...

Do they commit more money to advertising since those days?

A very quick look at the figures shows that 900,000 would bring in around $60 mill. With $30 mill going to the TV and Cable Companies and $10,mill at the gate (assuming that it was a REAL figure, (not inflated by the promoters just paying the $6 seat tax) making a $40 mill gross take (not counting theatres which historically isn't much) from which approx all taxes would amount to 42%. This would leave $24 mill, from which Mayweather's $32 mill, Guerrero's $3 mill, plus the undercard, plus the Promoter's cut of about 25%, leaving a deficit of about $25 mill.

I don't know where the various cuts are from the gross or the net and I haven't counted the theatre revenue nor the souvenirs and sundries, both of which I believe to be comparatively small. Whichever way it is, unless there is "imaginative accounting", it looks to be a huge loss.
Another point, in the Showtime-Mayweather contract, Showtime would be foolish not to have included a 'contingency" clause, where the purse would take into consideration a poor result. At the same time, Mayweather would be equally foolish is he didn't insist on being paid regardlesss of the "outcome of the income"...And the whole "$30 mill" payday might be subject to-almost CERTAINLY would be-all sorts of "whereas-es".... $30 mill in REAL money isn't earned so easily by ANYONE.... but it always makes wonderful PR.

In my experience, only ONE professional athlete offered to pay back his fee when the gate was poor. That was tennis star Bill Tilden, about 75 years ago.

[onechance87]

wow if its under 1 milli buys,Thats hits showtime and gb buys pockets.
This will give canelo alot of levrage to imo.Seems true showtime aint
denying it.

[edgarg]

230 Million guaranteed, 6 fights: 38.33 million per fight guaranteed to Mayweather.

That's not even counting anything else at all. Just from PPV buys, say they do 1 million even, that's $70.00*1,000,000.00 = $70,000,000.00

Floyd automatically takes ($38,000,000.00/$70,000,000.00)*100 = 54.75% of all PPV sales revenue.

So you are looking at like 45% of the remaining PPV sales figures to cover almost everything else. Take $3,000,000.00 to Guerrero, you are now down to $29,000,000.00 dollars. How much does it cost to rent the MGM for the event? How much for the air time on CBS? How much for the 5 part series? How much for the staff? Licensing fees? Sanctioning fees? Medical fees? Lodging & flights?

Seems like a lot of money but when all that comes out of it......I'd venture to guess they aren't making as much as they would like to make. That's at 1,000,000.00 PPV buys, much less if they did somewhere near 800,000.00 or worse.

You forgot to deduct a MINIMUM 50% for the Cable and PPV companies, leaving your starting point at $35 miil plus $10 mill gate...... As I've just written in answer to another post, there would have been a huge loss. And my figures assumed a $30 mill purse for Mayweather (not $38 mill) ,and didn't include many f the other items you mention. most of them are paid for by .the promoter anyway. And I'm sure they get 25%. (Top Rank gets 27% from Pacquiao and maybe more from lesser fighters, so Oscar's "set figure" would probably be around 25%)

Plus IRs and local taxes amount to about 42%....And casinos usually py large site fees for the promotion, in this case probably around $5-8 million. The casino stands to make a profit over the weekend of a clear $5-10 mill. Nobody ever considers this, but still... I'd say there was a big loss.

[turkas]

You forgot to deduct a MINIMUM 50% for the Cable and PPV companies, leaving your starting point at $35 miil plus $10 mill gate...... As I've just written in answer to another post, there would have been a huge loss. And my figures assumed a $30 mill purse for Mayweather (not $38 mill) ,and didn't include many f the other items you mention. most of them are paid for by .the promoter anyway. And I'm sure they get 25%. (Top Rank gets 27% from Pacquiao and maybe more from lesser fighters, so Oscar's "set figure" would probably be around 25%)

Plus IRs and local taxes amount to about 42%....And casinos usually py large site fees for the promotion, in this case probably around $5-8 million. The casino stands to make a profit over the weekend of a clear $5-10 mill. Nobody ever considers this, but still... I'd say there was a big loss.

One thing you guys may be leaving out is what money they got from advertisers like Corona. I am sure that money ads up in the end. Plus there is closed circuit and international rights money as well.