By Steve Kim

As BoxingScene.com previously reported, Top Rank is going to produce and distribute their November 5th pay-per-view event - which features the return of former eight division world champion Manny Pacquiao (58-6-2, 38KOs).

Pacquiao, who announced his retirement back in April after beating Timothy Bradley, will challenge WBO welterweight champion Jessie Vargas (27-1, 10KOs) at the Thomas & Mack Center in Las Vegas.

This will be the first pay-per-view since 2010, involving Pacquiao, that wasn't distributed by HBO Sports. Top Rank presented the fight to HBO and the network took a pass. They already have a pay-per-view event scheduled for November 26th when Sergey Kovalev faces Andre Ward.

Arum says there is no animosity with HBO Sports head Peter Nelson, but at the same time he cautions that his company will continue to produce and distribute future pay-per-view events without the involvement of HBO.   

"They made their choices, that's what they're getting paid to do, Peter Nelson. So he made his choice, which is fine - there's no animosity. But it opened up something that we've been trying to do and thinking about for a number of years. Why the hell aren't we distributing our own product?" said Arum.

"Absolutely [we'll continue to produce and distribute our own pay-per-view events], absolutely we intend to do that for all our fights and if there are any other promoters that want to do pay-per-view and are looking for a distributor, we're happy to do it."

And as far as Arum is concerned, Pacquiao no longer has an exclusive deal with HBO.

"The contract is terminated," Arum stated. "Will Manny Pacquiao go back to having HBO Pay-Per-View distribute his fights? I can't say never because we have to see how successful we are here."

Steve Kim is the news editor for BoxingScene.com.