The Pay Per View (PPV) service has been enjoying huge revenues through the years particularly during the title fights of world boxing champ Manny Pacquiao. Boxing events normally earn millions in PPV revenues worldwide and most especially in the U.S.
Unfortunately with the defeat of Pacquiao today in the (WBO) welterweight title fight, experts are forecasting a possible fall in PPV. The split decision which favored Timothy Bradley Jr. over the so-called Pacman surprised many sports analysts and boxing fans. They felt the all-time boxing champ was robbed of his victory despite his power punches throughout the 12 rounds.
With Pacman’s loss, sports authorities are predicting a fall in PPV as it might not lead to the Pacquiao-Mayweather fight which many believe will be the biggest revenue earner for the service.
A positive development, though, is the rematch set on November 10 between Pacman and Bradley as announced by Top Rank Inc.’s president Bob Arum. Top Rank is the promotion company of today’s Pacquiao fight.
As for Floyd Mayweather Jr., the bout with Pacman is still hanging. The American boxer was recently arrested for assaulting his former girlfriend and is now in jail for his 90-day sentence.
With Pay per view, people can purchase events that they want to view privately. The purchaser can then show the event to people who order it. Popular activities in PPV include sports events such as boxing, entertainment and feature films.
According to boxing.about.com, the fight of The Golden Boy Oscar de la Hoya earned the highest PPV revenue of all time at $610.6 million during his fight with Floyd Mayweather Jr. on May 5, 2007. He is followed by Mike Tyson ($545 million) and Evander Holyfield ($543 million).
Photo courtesy of ESPN