Per Large Dan: at least 900k buys for Canelo-Cotto

Well done! The numbers surpassed my expectations. Roc Nation needed this to be a success to compensate for the early losses they've taken in building their brand, and they got it.

That's also a very healthy bounce back from so many casuals feeling ripped off by May-Pac. :thumbsup

 

True. This is an early estimate based off of one of his inside sources, but it's not an official number yet.

 

Rough numbers here. The event was not a "home run", but it's a healthy number, and for Roc, it's probably their first profit (even if they were hoping for more):

$65 average price (assuming 50% bought regular definition at $60 and 50% at the $70 HD price) x 900k = $58.5 million

50% of that gets taken off the top from the cable companies: 58.5 x 50%= 29.25 million.

Subtract $20 million for guaranteed purses: 29.25 - 20= $9.25 million to be split between GBP and Roc.

It's easy to forget Canelo took a 25% split to make this fight happen: $5 million guaranteed to Cotto's $15. Other fighters could take a note of this.

There is also any back end residuals based on sales owed to the fighters, which I don't know the details of other than that Canelo has something lined up with TV Azteca. There's also the cost of promotion to take into account, along with other revenue streams- foreign rights, gate sales, sponsorships, etc.

 

Agreed.

In the end, it will be slim enough that funding a Ward fight instead would've been a material difference to their bottom line.

 

Good timing, you got that in before I finished editing