Wednesday 28 June 2017

Mayweather shatters box-office record

Floyd Mayweather’s victory over Manny Pacquiao two weeks ago will generate at minimum of a record $500million (€445m) in revenue, according to pay-per-view numbers released yesterday
Floyd Mayweather’s victory over Manny Pacquiao two weeks ago will generate at minimum of a record $500million (€445m) in revenue, according to pay-per-view numbers released yesterday
Independent.ie Newsdesk

Independent.ie Newsdesk

Floyd Mayweather's victory over Manny Pacquiao two weeks ago will generate at minimum of a record $500million (€445m) in revenue, according to pay-per-view numbers released yesterday.

The welterweight unification bout, won by Mayweather in a unanimous decision, generated €356m in US pay-per-view revenue thanks to 4.4million purchases, according to a statement from promoters and HBO and Showtime, who co-produced and co-distributed the event.

While in the Ireland the fight cost around €25, in the States it cost around €89 ($100).

The figures are two-and-a-half times the previous record for pay-per-view revenue (for Mayweather's 2013 win over Saul Alvarez) and almost double the previous high for purchases (2.48million for Mayweather's 2007 defeat of Oscar De La Hoya).

Throughout his career, Mayweather has repeatedly stated his goal of making at least $100million in a single fight. Both he and Pacquiao will eclipse that number for their 36 minutes in the ring on May 2. There was also $72m in revenue made at the gate of the 16,000 sell-out fight.

About 30 to 40 per cent of that total domestic pay-per-view revenue is divided among the cable companies and satellite providers. Another 7.5 per cent is shared by HBO and Showtime, with the rest going to the fight purse divided 60-40 in Mayweather's favour.

The start of the bout, which went the full 12 rounds at MGM Grand Garden Arena in Las Vegas, was delayed more than 30 minutes to allow providers to settle ordering issues, according to ESPN.

The network reported last week that some carriers were issuing refunds to those whose orders were not properly fulfilled.

Irish Independent

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