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article imageOp-Ed: Alarming PPV revenue decline could hurt boxing stakeholders

By Leo Reyes     Dec 24, 2014 in Sports
Pay-per- view revenues from major boxing events this year have gone down considerably due mainly to lack of high caliber matches that boxing fans want to see before they shell out their money to watch the fights live on cable networks.
The rapid decline of both pay-per-view (PPV) and gate or ticket sales has already reached an alarming stage that could lead to inevitable displacement of people directly or indirectly involve in the sport of boxing.
Boxing's PPV revenue has peaked when Floyd Mayweather and Oscar de la Hoya fought in a high-grossing PPV event on HBO that generated more than 2.4 million PPV buys. The fight took place at the MGM Grand Garden Arena in Las Vegas, Nevada on May 5, 2007.
Since then it became every PPV boxer's dream to surpass that record and after more than seven years, no two boxers have broken that record.
The Mayweather-de la Hoya fight is a typical example of a high-level fight that boxing fans want to see but could not watch because elite fighters like Pacquiao and Mayweather do not belong to a common promoter.
In the pre-Mayweather-de la Hoya fight and even right after it happened in 2007, promoters could jointly promote a fight that involves two fighters belonging to competing promotions firms.
Now it appears that the major promoters do not see eye-to-eye and are happy staging fights involving boxers who are under contract with their own promotions companies.
The public wouldn't care less if both fighters belong to a common promoter if they are top caliber fighters but in most cases, matches are made with one of the fighters needing only media exposure and don't necessarily have the credential to face the firm's star fighter.
There is too much jealousy and intense business rivalry among the giants in the boxing promotions business. This situation prevents the staging of fights with elite fighters that belong to opposing firms, thereby depriving the public of watching good and quality fights.
One of the fights that every boxing fan wants to see is the long-delayed Mayweather-Pacquiao fight which has been talked about in the last five years.
Boxing fans want nothing more than the Mayweather-Pacquiao fight and if it does not happen sooner, fans will lose interest in boxing as they will again be deprived of their choice to watch the kind of fight that they want to see.
With the continuing decline of revenue from gate and PPV, It is now time for the competing companies including Top Rank, Golden Boy Promotions, HBO and Showtime as well as their leaders to set aside their business and personal differences for the good of the sport or everyone involved in the industry will suffer as a result of shrinking patronage.
This opinion article was written by an independent writer. The opinions and views expressed herein are those of the author and are not necessarily intended to reflect those of DigitalJournal.com
More about Boxing, Manny Pacquiao, Floyd mayweather, Pay per view
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