Floyd Mayweather vs. Manny Pacquiao is officially set in stone as boxing's biggest ever fight and the highest grossing pay-per-view in history. A Showtime press release revealed that Mayweather vs. Pacquiao generated more than 4.4 million buys, which nearly doubles the previous record of 2.4 million for Mayweather vs. Oscar De La Hoya back in 2007. More than $400 million in revenue was also pulled in just on PPV buys alone. Add that to the $71 million live gate at the MGM Grand on May 2nd for Mayweather's decision win over Pacquiao and you've got yourself boxing's all-time richest fight. Here's a snippet of the press release (via Bad Left Hook)
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.
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.
To put the success of this event in perspective, this single fight outsold the whole of 2014's UFC pay-per-views. Back to boxing, the next highest reported revenue total for a single year's worth of HBO/Showtime PPVs is $269.4 million in '07. The 4.4 million mark wasn't even eclipsed in 2006 (which produced 10 PPVs), 2008-2010, or 2012-2014. Of course, the $100 price tag to watch the event in HD was something not seen in any other pay-per-view aside from this one, and despite the massive price increase, it still shattered previous records with ease.
While the fight may have been a big disappointment to purchasers, there's no doubt that the business side to Mayweather vs. Pacquiao was a success that we may not see achieved again for a long long long time, if ever.