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Las Vegas, NV (May 12, 2015)– According to Kevin Iole of Yahoo Sports, the official numbers for the Floyd Mayweather vs.Manny Pacquiao pay-per-view is complete.
The May 2 fight at the MGM Grand Garden in Las Vegas sold 4.4 million pay-per-view units that generated more than $400 million in revenue, smashing previous records. The old mark for sales was 2.48 million, set May 5, 2007, when Mayweather defeated Oscar De La Hoya in Las Vegas. The former revenue record was $150 million, established by Mayweather in 2013 in a fight with Canelo Alvarez at the MGM Grand that sold 2.2 million pay-per-views.
The live paid gate for Mayweather vs.Pacquiao was more than $71 million, beating the record of $20 million by Mayweather and Alvarez by 350 percent.
This report proves boxing is once again on the rise among the mainstream demographic. This past March, Premier Championship Boxing appeared on NBC and Network TV after a 30 year network lay off. That event was a huge success with the network ratings.
MAYWEATHER vs. PACQUIAO EVENT SHATTERS RECORDS FOR PPV BUYS, PPV REVENUE, LIVE GATE AND MORE
Generates Combined Total Revenues In Excess of $500 Million
NEW YORK (May 12, 2015) -The boxing blockbuster event, Floyd Mayweather vs. Manny Pacquiao, shattered the previous record for total pay-per-view buys and now ranks as the highest-grossing pay-per-view of all time. Initial reports from distributors indicate that the event generated more than 4.4 million U.S. buys and more than $400 million in domestic pay-per-view revenue alone. With additional revenue from the live gate at MGM Grand in Las Vegas, international television distribution, sponsorships, closed circuit and merchandise sales, the event is expected to generate in excess of $500 million in gross worldwide receipts. The news was announced jointly by Showtime Networks Inc., a subsidiary of CBS Corporation, and HBO in conjunction with event promoters Mayweather Promotions and Top Rank, Inc.
The welterweight world championship unification bout nearly doubled the previous record of 2.48 million buys generated by the Oscar De La Hoya vs. Floyd Mayweather boxing event in 2007 and nearly tripled the record $150 million in U.S. pay-per-view revenue generated by Mayweather vs. Canelo Alvarez in 2013.
Live gate receipts for the star-studded event at the MGM Grand Garden Arena produced more than $71 million in revenue, dramatically eclipsing the previous live gate record of $20 million (for Mayweather vs. Canelo) for both the sport of boxing and Las Vegas.
Additionally, Mayweather vs. Pacquiao set the record for closed circuit admissions and revenue both in Las Vegas and at establishments nationwide. The event sold nearly 46,000 closed circuit admissions at MGM Resorts International properties in Las Vegas alone and was available at more than 5,000 bars, restaurants and commercial establishments throughout the U.S.
Distributed in 175 countries worldwide, Mayweather vs. Pacquiao was available in essentially 75 percent of the world’s territories, setting the revenue record for international distribution.
As reported last week, Mayweather vs. Pacquiao drew enormous numbers on social media. For example, Facebook reported that 37 million unique people contributed more than 115 million interactions from the start of the event to 30 minutes following its completion, a new record for a boxing event.
The May 2 promotion included unprecedented marketing and cross-promotional support from distributors as well as record revenue from the event’s major sponsors.
Mayweather vs. Pacquiaowas a 12-round welterweight world championship unification bout promoted by Mayweather Promotions and Top Rank Inc., and co-produced and co-distributed by HBO PPV® and SHOWTIME PPV®.
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