Glad to hear 100k buys?? Those numbers are horrible. That means all JMM and Casa got were their guarantees. Any ppv upside money wouldnt have kicked in until after 250k buys or so. Financially this was a disaster for everybody. Let's do the math..... 100k buys at 49.95 or whatever = $5,000,000 less 40-50% in distribution fees = $2,250,000 Plus the gate didnt do all that well (I heard around $200k on the gate). So at the end of the day, GBP made probably $2.75 mil on the PPV/gate, and still had to pay JMM and Casa, Mora and Forrest, the rest of the undercard, Sanction fees (plus supervisor travel, hotel, meals) to the WBC (Forrest-Mora) and the NABO(Ortiz-Arrieta) all the production costs (HBO did not produce it), travel, hotel, and meals for fighters, camps, and officials, commission fees / taxes, all the promotion expenses, their own staff expenses, and everything else, all for $2.75 mil. They got no money for the rebroadcast rights from HBO. The only other revenue out there was maybe something on the overseas rights, but I would doubt that anyone paid more than $100k for those rights. All in all, some serious dough got lost on this one............
Unless you know exactly how much all the fighters on the card got paid, this post is is opinion not fact. You also fail to mention the sponsor money they got from Tecate and the site fee I'm sure the MGM gave GBP. I don't think this promotion lost money but please prove me wrong.
Exactly, we dont know what the PPV sales are for one, and secondly, I have'nt heard or even know what the fighters got paid. .....but you're exactly right, its almost a certaintly that the card did not lose money......anybody who bought the card would almost certaintly based on JMM's exciting KO, would buy his next PPV! The fight did not dissapoint, and its certainly a step in the right direction, for bigger money fights ahead for JMM! .....and lets not forget here....in the range of over 100K is really not bad, considering that a better matchup was promised over at free showtime that did'nt deliver, but certainly lured away some of the potential PPV buyers that otherwise might have bought the JMM-Casa fight. I dont think its an exxageration to say that the free card on showtime might have taken as much as 20-25% of the buys away from JMM-Casamayor. .....but the reality is that we have to know what the fight really sold in order to deem it a success, failure, or somewhere inbetween.
What I find peculiar is that the JMM fans who laughed and said 185k buys for Pac-Diaz was embarrasing and an epic failure, are now claiming that 100k buys (or less) for JMM-Casa is some kind of box office smash and a financial bonanza. I find that quite curious............ And I'd bet my house that this promotion lost money. In the big picture though that doesnt really matter, because GBP has more than enough wealth to withstand it. And I myself didnt make, or lose, 50 cents either way, so its not my problem..... lol
I dont know if your post is directed at me....but for the record, I predicted that Pac-Diaz would do in the range of 150k buys, they never announced the final numbers, but it looks like I was right on the mark. I certainly did'nt annoint the Pac-Diaz fight a failure....Bob Arum and *******s like PacDbest, who predicted that it would do no less than 350K, did all that. Pac got paid alot more to fight Diaz than JMM did to fight Casamayor. .....so Pac's fight would have to sell alot more PPV to break even. Bob Arums expense to pay the fighters was more than GBP to pay theirs. The expectation level is what made Pac-Diaz a PPV failure. I dont believe there were any expectations for JMM-Pac, so I think as long as the promotion made enough money to cover expenses, you cant label the card a failure! You can even think of it as an investment of their time, for future JMM money making fights!
CLEARLY you would know more than an actual boxing promoter (who handles one of the top champs in the same division) who CLEARLY directed those remarks toward you! atsch
Well you have to make the distinction between "losing money", and the card being "a failure". Those are 2 seperate things. Do I believe the card lost money? Absolutely. I have no doubt whatsoever about that. But do I think that automatically makes the card a complete failure for GBP? No I do not. It was in their long-term best interests for JMM to take the Ring belt from Casa, because he is 5 times as marketable as Joel. So in the long term, Golden Boy can make up the lost $$ on future events with JMM, namely against Juan Diaz. But that wasnt the original point I was responding to. Someone had said that theres no way this promotion lost money, and I guarantee you that it did. No 2 ways about it, this card lost money. But that doesnt necessarily make it a "failure", if it attains one of GBP's long term goals, which was getting the Ring belt away from Casa, and getting it on someone who potentially they can make money with. This was step 1. Step 2 for them is JMM passing it on to Juan Diaz. Thats the end goal.
I guarantee you one thing, Juan Diaz wont take the ring belt from JMM! At this point, its going to take an elite level fighter to beat JMM, and Juan Diaz is far from that. You dont get spanked by a B level fighter and call yourself elite! Anybody that would call Nate Campbell or Juan Diaz great fighters, just does'nt know boxing. At lightweight, there is only one fighter that stands a realistic chance to beat JMM, and thats a fighter who's faster and quicker with his legs manueverability. I only see Joan Guzman with those attributes.....everybody else is going to get sytematically disected and outboxed decisively.