Comments Thread For: Sources: Canelo, Golden Boy, DAZN Meet in Effort To Work Through Impasse

[THC]

Because belts are meaningless in boxing, it makes the promotion totally dependent on the fighter's personality, which is totally unsustainable and not even possible without a huge marketing campaign.

Right. Successful sports have governing bodies that have a long term view of their business. That's embodied by a relatively transparent structure which consistently gives fans a legitimate, clear champion...until the next tournament or season. In most cases, the best must meet the best. So fans naturally return year after year.

Boxing is a big fail in this aspect.

[2ndroundko]

Out of curiosity, do you know if that is part of Canelo's contract (portion of the gate revenue)?

I ask because, I've only seen that Oscar signed a contract with Canelo to pay him $35 million per fight but I haven't actually seen details of the contract language.

Is DAZN's deal with Oscar that they pay him $40 million for only the right to stream the fights? Is their revenue only based on subscriptions?

The lack of a live gate certainly impacts someone's revenue but I'm not certain who that is.

gate revenue was split between gbp and canelo. had nothing to do with dazn or the $40 million package.

i still cant believe this is dazn’s counteroffer. they either want canelo to leave so they dont have to keep paying him or hope he’s dumb

[Thuglife Nelo]

Emergency pod from me and @pugboxing breaking down Canelo’s mediation session with DAZN and GBP and the new offer https://t.co/OL8bQbtOuh pic.twitter.com/Y4oMQZEi84

— Mike Coppinger (@MikeCoppinger) September 24, 2020

Lance and Mike had an "emergency pod" over this.

Can’t stand Lance’s voice. That dude’s a fruit...

[Boxfan83]

I just read DAZN wants to restructure the contract at 20mil guaranteed per fight and if Canelo refiles on Monday hes not happy with the restructure.

[Boxfan83]

Canelo needs a pay cut. He is not worth as much as he thinks.

That's what DAZN is trying to do.

[GBP4LIFE]

Canelo caused this by refusing to take the GGG part 3 fight last year.. Oscar tried to tell the ego maniac and Canelo now turns around and blames Oscar.. NO BLAME YOUR DAMN SELF AND YOUR BIG MOUTH TRAINER

[Thuglife Nelo]

NOONE and I mean NOONE wants to watch a 3rd fight between these two.

Lol. DAZN did. Why do you think they invested so much into GGG’s contract and Canelo’s.

DAZN wanted to own the rights to the final grudge match. For them owning that single fight in their back catalogue to represent boxing was worth it. As Coppinger said, “compound” accumulation from initial subs (2019) would’ve suggest that there would be recurring fans. That’s what branding is all about.

DAZN is about to go Global with 200 new territories. You think consumerism just abruptly ends? McDonalds keeps going. Global fans will pay for DAZN inevitably. It’s a streaming service for sports

[Ray*]

Canelo can't go anywhere and make shyt, his fights don't pay nearly what DAZN gives him. For the record, Canelo doesn't even speak English and still Oscar was able to make him a super star and make him Ring Mag #1 P4P. Canelo isn't as ****** as some in here and for that reason he'll stay and renegotiate.

For the record, I can't stand Oscar.

I don't think this has anything to do with speaking english. A boxer gets to a point where they can promote themselves. Canelo for me has reach that point. He doesn't need to be signed to a promoter, Cotto did that too at some point of his career, Pac did at some point. You can work with a promoter and not be signed to them....Dillian Whyte etc

[Boxingfanatic75]

Lol. DAZN did. Why do you think they invested so much into GGG’s contract and Canelo’s.

DAZN wanted to own the rights to the final grudge match. For them owning that single fight in their back catalogue to represent boxing was worth it. As Coppinger said, “compound” accumulation from initial subs (2019) would’ve suggest that there would be recurring fans. That’s what branding is all about.

DAZN is about to go Global with 200 new territories. You think consumerism just abruptly ends? McDonalds keeps going. Global fans will pay for DAZN inevitably. It’s a streaming service for sports

You are correct. However their investment to break into the US market has been a complete failure with less than one million subs that decreases monthly through ebbs and flows. Their multi million dollar Boxing deals have also proven miserable failures hence the frantic shuffling of executives within the company. No company will continue to offset their books long term diving into their profits in order to keep a sport afloat (boxing) based on bad deals. They allowed their hubris to rule their business decisions in order to attract boxing fans. Their sub rates in order to pay lucrative contracts is far short of ever breaking boxing even.

Trust me they’ll either drop elite boxers or attempt to redraw contracts and boxers will leave.

[Thuglife Nelo]

You are correct. However their investment to break into the US market has been a complete failure with less than one million subs that decreases monthly through ebbs and flows. Their multi million dollar Boxing deals have also proven miserable failures hence the frantic shuffling of executives within the company. No company will continue to offset their books long term diving into their profits in order to keep a sport afloat (boxing) based on bad deals. They allowed their hubris to rule their business decisions in order to attract boxing fans. Their sub rates in order to pay lucrative contracts is far short of ever breaking boxing even.

Trust me they’ll either drop elite boxers or attempt to redraw contracts and boxers will leave.

Executives aren’t rookies. In all markets there are annual losses / quarterly losses... it happens. Add Covid market hits... at the end of the day, they’re consulted for Canelo’s value and ability. Canelo has about 4 years left give or take. That’s a lot of time for business growth, and DAZN global will eventually have to show results. GBp and Canelo’s legal will also see the yearly closings and revenue from DAZN next year and that’s where evaluation, theory, past and post will come into play.

I feel DAZN is a good brand. The initial phase for DAZN USA wasn’t great. Ok... consulting is everything. They get advice as to why or how ESPN and PBC do their side of the business and what they expect for returns. Of DAZN truly wants to push boxing, especially stateside, then the next big product is Ryan Garcia. That kid neeeds to stay sharp, super disciplined and keep learning the game 100%. He’ll be next boxing superstar imo. But he has to stay focusedand sharp full stop. That’s what DAZN needs and are expecting.

GBP is still the biggest asset for DAZN USA.