Comments: CBS/showtime lost $16M on Floyd v Maidana

[ironmt]

doesn't mean they lost money on the whole deal given how much they made with Canelo.-meaning the whole deal is still profitable.

at no point did I suggest steven a was wrong, lied, or in any way deflected from his point about losing money this year on the Maidana fights.

You are trying too hard.

No need for me to try, you are doing a fine job on your own.

[Deevel916]

Once again, it doesn't take a genius to figure out that this turned out to be a terrible deal for showtime. Their only option now is to force Floyd into a fight with Pacquiao and possibly a rematch in Sept depending on how the first fight pans out.

Floyd/Guerrero was a bust

Floyd/Canelo was profitable

And its being reported that both fights against Maidana were a bust as well. Not just Stephen A Smith but many boxing insiders have stated how this fight didn't live up to the financial expectations.

$70 x 1,000,000mil buys = $70mil. Half goes to the cable providers which leaves $35,000,000. They have to pay the undercard fighters and Floyd's opponent. Factor all this in and there's not much if anything left once they pay Floyd his $32mil. This shows how Showtime needs to have at least 1.5mil buys to see some sort of profit.

[tomhawq]

that's why hbo let him go without batting an eyelash. who would be crazy enough to sign up a greedy guy who demands $40 million in every fight? even then, you have to support him with expensive undercards and spend millions of dollars promoting his fights. just imagine the cost of producing "access." that alone would bankrupt any network.

[ironmt]

Once again, it doesn't take a genius to figure out that this turned out to be a terrible deal for showtime. Their only option now is to force Floyd into a fight with Pacquiao and possibly a rematch in Sept depending on how the first fight pans out.

Floyd/Guerrero was a bust

Floyd/Canelo was profitable

And its being reported that both fights against Maidana were a bust as well. Not just Stephen A Smith but many boxing insiders have stated how this fight didn't live up to the financial expectations.

$70 x 1,000,000mil buys = $70mil. Half goes to the cable providers which leaves $35,000,000. They have to pay the undercard fighters and Floyd's opponent. Factor all this in and there's not much if anything left once they pay Floyd his $32mil.

He Is 1 for 4 yet some would have you believe that the deal has been a success. Truth be told Mayweather and Pacquiao's PPV'S are failing and I hope they both continue to fail until they reach an agreement to fight one another.

[jcruz65]

If this is official news, it's amazing how the best coward in boxing history can bring a huge company like CBS down to its knees or make it bleed money. $16M for a billion dollar company will still cause heads to roll at CBS, but it's shareholders money anyway, not ours, and believe me no one at CBS wants to be fired. But who gets the better end of the stick other than the coward himself. And who is at the losing end of the stick - it is the boxing viewers getting a crappy running fight, the investors and promoters who put up the money, and the helpless worthless boxing organizations who cannot do anything about it. This is one of the biggest anomalies in the history of boxing.

[tomhawq]

i'll expect cbs coming out and deny all this in carefully crafted words. they're walking in a thin line and no company wants to paint a doom and gloom picture for their shareholders. on the other hand if they don't this fake cash cow would keep on insisting his way and the only way.

[Fetta]

i'll expect cbs coming out and deny all this in carefully crafted words. they're walking in a thin line and no company wants to paint a doom and gloom picture for their shareholders. on the other hand if they don't this fake cash cow would keep on insisting his way and the only way.

Shareholders already know if this is true.

Dont really know how big companies work do you

[ironmt]

Shareholders already know if this is true.

Dont really know how big companies work do you

Hope you didn't lose to much.

[Fetta]

Hope you didn't lose to much.

Im not a CBS shareholder or on the board but i wish i was.

[mrpain81]

Once again, it doesn't take a genius to figure out that this turned out to be a terrible deal for showtime. Their only option now is to force Floyd into a fight with Pacquiao and possibly a rematch in Sept depending on how the first fight pans out.

Floyd/Guerrero was a bust

Floyd/Canelo was profitable

And its being reported that both fights against Maidana were a bust as well. Not just Stephen A Smith but many boxing insiders have stated how this fight didn't live up to the financial expectations.

$70 x 1,000,000mil buys = $70mil. Half goes to the cable providers which leaves $35,000,000. They have to pay the undercard fighters and Floyd's opponent. Factor all this in and there's not much if anything left once they pay Floyd his $32mil. This shows how Showtime needs to have at least 1.5mil buys to see some sort of profit.

Don't forget the gate 14.8 million.

Plus international TV money and sponsors, which will be at least another $3-5 million.

I don't see them losing money since Maidana only got $3 million and the under card might have been another $3 million at most.

Now if were talking the Pacquiao 300k buys that would be around $10.5 million so the site fee would have to be astronomical since Pacquioa only has 3 fights in the US that have done over $10 million gate. I really doubt that Macao is paying that much but since people are pulling numbers out of thin air why not.