Originally posted by Jc8804
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Waddell+Reed's PBC investment has lost 59% of it's value.
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Originally posted by AddiX View PostIt would be silly if we saw some kind of sign of improvement, but were not.
Ratings are dropping, Haymon hasn't figured out how to build stars, and NO ONE gives a flying fck about PBC, and they still haven't secured sponsors.
Look at PBC's upcoming schedule, you really think those crappy fights and bunch of nobodies are going to move the needle for PBC? Fck no...
They wanted PBC to be like UFC, where fans tune in just because it's UFC. That will never happen in boxing.
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Originally posted by IMDAZED View PostLol. I'm not sure where to begin. Let's make this simple for you. We'll start with their biggest platform, NBC. Post the ratings for the prior shows in the specific time slots PBC is now on. Post PBC's. Tell me what you find.
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Originally posted by IMDAZED View PostIt's not that simple.
The purpose of issuing these reports is to show results and, more important, provide some sort of forecast for their investors. They don't dole out money and twiddle their thumbs for three years. If they see something wrong with the model, they'll tweak. If, after three years - or even before - the outlook is bleak, they'll move on. But seven months in, PBC is using the money they were given to start up their investment. Which is why this talk of "losses" is silly. If I give you a $1,000 to start a website and you spend $750 on the design and are now recruiting writers, marketing, etc., I'm not pulling out my hair asking, "What are you doing??" Because the answer will be, "What I'm supposed to be doing." Your question won't be answered in two quarters.
And its important to note that even after these results PBC has just added Fox as their 7th or 8th network a couple weeks ago.
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Originally posted by boxinghead530 View PostI hear yea. But to me it's less than a year old and they have burnt through almost 60% of the investment. Sponsorship are not there yet. They overflooded the market with boxing which meant many subpar matchups. You hear nothing about pbc on these networks. You don't see any advertising anywhere. Also you have to show invester progress if you want more money thrown at it. And IMO they have been regressing instead of progressing.
All I'm saying if this trend continues which i truly hope it doesn't, boxing on network tv can he gone forever.
Eventually their channel numbers will retract because not all those networks will pay for that content, but I would imagine a couple major ones will, with maybe a smaller one will want to keep that content.
That would also be their progress getting actual TV deals, plus once the networks need to get that commercial money to cover costs they will care more about promoting the events.
That is still a ways off though they aren't stopping before that plays out good or bad for PBC.
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Originally posted by Eff Pandas View PostGreat analogy.
And its important to note that even after these results PBC has just added Fox as their 7th or 8th network a couple weeks ago.
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Not a good sign. If it fails like that person is predicting within 6-9 months, what a missed opportunity by Haymon. They really should have focused on making great fights, consistently, instead of some good fights mixed with a lot of bad ones. But all is not lost, they could still strike a big network deal or two soon.
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