Forbes says Mayweather lost Showtime

[lx!!]

floyd never was, and is never gonna be the monster draw he claims he is.

^^^^^ this!!!

[r.burgundy]

Yeah, you go find me a company that says they don't mind losing 12 million dollars and I'll show you a free car that runs off of air.

ever heard of sony.they lost at least 100 million annually on ps3.they didnt turn a profit on it until this past year.12 mil is a drop in the bucket to any major network or corporation,particualry that business profit margins are usually quarterly.

[StarPower]

Its a 6 fight deal. So this loss, if its true, will be recovered in time. Floyd choosing to fight Canelo actually by Showtime some time to showcase their talent at WW. And if Canelo vs Floyd is competive thats even better. Who knows we could all be talking rematch afterwards. Nobody like to loose 12 mil but one goal was acheived. Floyd was able to raise Showtime boxings profile. And Showtimes building on that by putting on some great cards.

[r.burgundy]

Are you serious right now? 12M is a huge loss to anyone. Especially to Showtime who has a budget for boxing.


Posted from Boxingscene.com App for Android

carlos garcia lost about 5 billion last year.12 million aint **** to wealthy people and corporations

[mathed]

ever heard of sony.they lost at least 100 million annually on ps3.they didnt turn a profit on it until this past year.12 mil is a drop in the bucket to any major network or corporation,particualry that business profit margins are usually quarterly.

So you think Showtime is going to lose 24 million dollars annually (assuming Floyd fights two times a year) in hopes that they will somehow make up 60 million dollars ( yet again assuming that the Canelo fight will be the only fight out of Floyd's 5 remaining fights that results in a positive net cash value? 12 million dollars lost per fight times 5 fights = 60 million.....that needs to be made up by 1 fight and cover the 32 million dollar guarantee for that fight.

They have about 1.5 to 2 years to recoup on lost revenue and there is no guarantee that he even fulfills the 6 fight contract maximum. He could quit now if he wanted to based on my limited knowledge of his contract with Showtime. Sony has a lot o R&D money tied up in developing the PS3 and they also have an established baseline for a solid profit model based on the previous generation of PS2 and original PS1 gaming system.

Showtime is flat out taking a gamble on Floyd. Completely different market with its own specific set of governing factors. There is little TIME available with respect to the Mayweather-Showtime contract where as Sony has substantiated their entire business model on the idea of prolonged sales over an extended period of TIME.

[Tay Roc]

Showtime can make a profit if May fights Canelo the next 5 times. Manny and JMM did it.

Honestly, I hope Canelo-Mayweather doesn't do that well, so Mayweather will have to do everything in his power to still do the Pacquiao fight (especially if Pac KOs Rios).

[Vasyl’s dad]

ever heard of sony.they lost at least 100 million annually on ps3.they didnt turn a profit on it until this past year.12 mil is a drop in the bucket to any major network or corporation,particualry that business profit margins are usually quarterly.

Is the playstation their only product though?


Sony Corporation is the electronics business unit and the parent company of the Sony Group, which is engaged in business through its four operating segments – Electronics (including video games, network services and medical business), Motion pictures, Music and Financial Services.[7][8][9] These make Sony one of the most comprehensive entertainment companies in the world. Sony's principal business operations include Sony Corporation (Sony Electronics in the U.S.), Sony Pictures Entertainment, Sony Computer Entertainment, Sony Music Entertainment, Sony Mobile Communications (formerly Sony Ericsson), and Sony Financial. Sony is among the Worldwide Top 20 Semiconductor Sales Leaders and third-largest television manufacturer in the world, after Samsung Electronics and LG Electronics.

[Em1]

I hope some of you posters are not truly implying you have more business savvy than Showtime execs.

[bigsmoothh]

not suprised, one bit. people arent buyin all these whak azz fights no mo"

[CLUE]

Mayweather’s guarantee for the Guerrero fight was $32 million, tied for the biggest ever in boxing, but his additional haul from his cut of PPV revenue is expected to be minimal. The large Mayweather guarantee and significant promotional budget resulted in a loss of as much as $12 million for Showtime for the fight, according to one source. A Showtime spokesperson described the purported losses as “pure fiction” and characterized the unnamed industry source as “badly misinformed.”

http://www.forbes.com/sites/kurtbade...t-payday-ever/

For those asking for a workable link. Still no real solid info really.