Showtime: Mayweather-Guerrero PPV a Financial Success
By Rick Reeno
Stephen Espinoza, the general manager of Showtime Sports, is fully backing the statements made on Thursday by Golden Boy Promotions CEO Richard Schaefer - by confirmed that Showtime's Floyd Mayweather vs. Robert Guerrero pay-per-view event will exceed a million buys. Last Saturday night, Mayweather won a twelve round decision over Guerrero at the MGM Grand in Las Vegas. Earlier this year, Mayweather signed an exclusive six-fight contract with Showtime, and the fight with Guerrero was his first pay-per-view event not carried by network rival HBO.
By Tuesday, there were widespread industry rumors that Mayweather-Guerrero was a pay-per-view failure and the buyrate was going fall between 800 to 900,000 buys. As Schaefer indicated to BoxingScene.com on Thursday, there is no possible way that anybody could have predicted the pay-per-view numbers by Tuesday, because most of the preliminary figures are not received until Thursday and Friday of post-fight week.
"We waited until we had enough reliable information and now we feel very comfortable in saying that we will exceed a million buys. I don't know how much it will exceed a million, that will be [ironed out] with the late reporting and the late collections that are going to come over the next few weeks. But we are very comfortable in saying that it will exceed a million," Espinoza told BoxingScene.com.
Espinoza also disputed the rumors that Showtime lost money on the event, and several unconfirmed industry rumors on what his network needed in order to "break even" with their financial investment.
"I don't know where any of that information came from, or what the basis [people had] for that speculation. What's out there is inaccurate on what we needed to do to break even and [the rumors] that we were losing millions - that is simply not true. We consider this event a success in all aspects. It was a financial success. It was a programming success and it was a success for the fans, because we had great fights. All around we are very happy with the event," Espinoza said.
[QUOTE=JustinFloyd;13400425]so no ACTUAL numbers yet? lol! looks they having hard time putting #s on PPV... They will replay the fight in PPV this weekend![/QUOTE] they're still counting the 10 billion buysComment by JustinFloyd on 05-21-2013
so no ACTUAL numbers yet? lol! looks they having hard time putting #s on PPV... They will replay the fight in PPV this weekend!Comment by Frank Ducketts on 05-21-2013
[QUOTE=HeroBando;13400330]1. There's 0 contradiction. Floyd asking Pac was highly unusual. Drug testing is now a fad, everyone is doing it, or at least pretending to do it. 2. Pac did agree to 21 days originally, Floyd wanted 14. 3 months…Comment by HeroBando on 05-21-2013
[QUOTE=megadeth;13400057]A. YDKSAB B. Please explain, in a logical manner, how you can still blame Floyd for not wanting the fight, now that Pac is asking fighters to accept the same testing that he walked away from the original negotiations for?…Comment by megadeth on 05-21-2013
[QUOTE=chibox123;13399387]In my eyes floyd has never ducked any fighter besides manny p. so ure almost right. C'mon Man U didn't think that passing on that big a$$ fight and prolly biggest boxing event ever wasent gonna bring the man any…Post a Comment/View More User Comments (172)