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

[LinealChampion]

fraud is getting expose due to his fraudulent ways of hyping himself. good job by hbo of releasing a fraud on their roster of fighters.

HBO released him?

I thought he just shopped for a better deal.

[Kuyukut]

HBO released him?

I thought he just shopped for a better deal.

yes, hbo released him by not counter offering what showtime had offered him.

youknowwutimsayin'

[bigjavi973]

I would like for those who think that showtime is not losing money to write out their projections and numbers as to why then ill counter it

[Beater_of_ass]

They didn't do a big tour for the Maidana fights, plus the sponsors are the ones that cover a lot of the costs with activating in store marketing campains and the comercials are paid for by the cable companies that's part of the deal of getting that 50% cut.

I'm not sure about that, but you must be on dope if you don't think a lot of marketing costs go into making these fights and it is coming out of Showtimes pocket not some cable company. They get half because they can, what else is Floyd or anyone going to do put on TV... oh wait, they can't unless they pay these people a portion lol.

They don't keep half, if I remember correctly they have some sort of deal where they don't pay a site fee but have certain amount of tickets they can buy. Basically they let the promoters keep all the gate money but they make their money by ******* up hotel prices and bringing in whales. I'll try to look for the article.

I'll wait for that link because I know that's bull**** lol. You think 16,000 people stay at the MGM after a fight or even one of their properties? Yes, they raise hotel prices here in Vegas but you think it's going to offset the millions they would make at the gate? They don't raise the prices for a hotel stay by $1000, they raise it maybe 40 or 50 dollars it isn't a huge amount. Also when you buy tickets they sell them in packages with food and a hotel stay. That's what the casino pays a site fee for. They pay you a fee to host the fight there and they say oh, by the way keep all the proceeds from the gate... that doesn't even make logical sense man. Pay to the host fight, give the fighter the gate and we hope that 16,000 people earn us 10 million or more in a night, that's just comical.

Most the numbers out there are between 900k and 950k for each fight. The $3 million isn't going to make them lose $16 million give or take when you add it up.

Floyd's fights with Maidana did 900k or less. That's 7 million dollars for every 100,000 at $70 a piece. Where did you even come up with this 3 million?

Until there is any evidence of PPV buys in China it's all speculation.

What evidence do you want from China? The PPV buys? You know... fighters make decent money in Mexico and they fight on free TV. So do you NFL players and NBA/MLB players and soccer/football as well. PPV is only something in the US for combat sports and nowhere else. Well in Europe they have it as well but they only cost $25 or so and in China Arum said it's only $5.

If the Chinese market was so great there is no reason he would ever fight in the states again. Yet he fought here for Bradley and is supposed to have his next fight here too.

The US market is probably still better for BIG, HUGE mega fights. But in Asia they just want to see Manny fight and don't give a **** who it is so, for those kinds of fights. Yes, China is probably better than the US.

[Robbie Barrett]

I would like for those who think that showtime is not losing money to write out their projections and numbers as to why then ill counter it

You give us your numbers.

[Beater_of_ass]

They owe him $70 mil at least. Unless those fights make them that much, wouldn't it make business sense to opt out?

Who says they won't if he doesn't fight Manny or Cotto? You don't dump something that could make it a profit the minute it is un-profitable, you do what you can to make it work. When all possible options have been exhausted you dump that **** and that's all Showtime is doing. I can promise you if it's not Manny or Cotto Showtime may very well just tell Floyd no because a loss of 16 million is more money than a loss of 32 million.

[Beater_of_ass]

Pacquiao can actually get away with fighting a chump like Algeri and pulling in low US ppv due to the high site fee from the Venetian Macau which pays about 3x what the Vegas MGM would've paid and then the Chinese tv deal is huge in itself. It's on free tv in China, but they also estimate 200-300 million people will watch and that's the kind of big time sponsorship money that'll make a ppv format look like a loser. And there's also this little country known as the Philippians which invests a good chunk of money into Manny's fights...

http://www.ibtimes.com/manny-pacquia...-macau-1727122


And somebody mentioned that HBO is on the hook for Manny's $20mill guarantee - No. HBO holds exclusive rights to air his fights in the US, but they still buy the fights from TR, which is who holds Manny's guarantee. If HBO doesn't want to pay $20mill for an Algeri fight they don't have to, it's up to TR to decide if they can come up with enough revenue to make the show a go, which given the other revenue sources they do just fine.

Conversely, the Mayweather business model is very dependent on US ppv sales to meet the heavy expenses. They have to throw way more money into a Mayweather promotion because they depend on that more narrow ppv market. This became one of the many sticking points in the previous negotiations with Floyd & Manny. Floyd wants to tap into those foreign revenue sources because they almost rival his US ppv revenue, but at a lower expense.

Perfectly stated.

[Beater_of_ass]

http://www.forbes.com/sites/kurtbade...time-ppv-deal/

Mayweather is likely looking at a guarantee of around $200 million for the six-fight deal. Pay-per-view revenues will push that total past $250 million.

What PPV revenue, they are losing money lol.

[Hougigo]

oh....sources. Well these two are idiots. Don't doubt they lost money, but these two are idiots

[Kneeguel Cotto]

They owe him $70 mil at least. Unless those fights make them that much, wouldn't it make business sense to opt out?

No. You can't use this argument because you have not seen the actual contract. There could be a default provision where Showtime would have to pay enormous damages for ending the contract early (more than what it's worth to complete the contract). So that argument only makes sense if you have the actual language in the contract to support your argument.

The truth is we don't know Showtime/CBS's reasons for continuing the investment. It could be, like you said earlier, that the Nelo fight was so lucrative that it outweighs the losses, but we don't know that either. Unless, and until, CBS/Showtime say why they will complete/not complete the contract everything else is just speculation.