The One has turned out to be No. 1. Floyd Mayweather’s victory over Saul “Canelo” Alvarez in Las Vegas on September 14 is now the highest-grossing pay-per-view event of all time. The Showtime presentation of the boxing match pulled in nearly $150 million in domestic PPV revenue. The still undefeated Mayweather’s win soundly beats the previous $136 million record set by his match-up against Oscar De La Hoya back on May 24, 2007. Going for around $70 a pop depending on providers, the preliminary results from distributors have the 12-round fight as having garnered 2.2 million PPV buys. The record remains the 2.48 million buys for the Mayweather and De la Hoya fight but that could change as final numbers come in over the next week or so. The previous second most purchased PPV was Mike Tyson and Evander Holyfield’s June 28 1997 heavyweight championship ring battle that got 1.97 million and a chunk taken out of the latter’s ear by the former. In terms of actual live gate revenue, the September 14 has also taken the top spot with a little bit more that $20 million
DirecTV CFO Patrick Doyle seems to like the idea of merging his company with its closest rival, Dish Network. “Ten years ago we had a deal on the table,” he says. “The strength that you’d have in negotiations would be tremendous.” But he says a combination probably wouldn’t fly in Washington following the Justice Department’s recent decision to fight AT&T’s merger deal with T-Mobile. That “adds more uncertainty to where we are in the merger and antitrust environment.” Meanwhile, he doesn’t seem ready to say that DirecTV needs a deal despite the company’s lackluster domestic subscriber growth in June — to 19.4M, up 4% vs. the same period last year. Doyle attributes the weakness to defections by people who decided they can no longer afford pay TV. “We hope they’re not gone forever,” he says. Yet people who kept their satellite service are spending less. ”We’re not seeing the type of demand that we’d like to see” for pay-per-view movies as well as other events, including fights, he says. As economic pressures grow, controlling programming costs has become “the No 1 issue for the industry. … We’re negotiating harder on marginal (channels).”
BEIJING, CHINA, June 15, 2011 – Warner Bros. Entertainment today announced the studio will begin offering its films nationally On Demand to consumers’ television sets in the People’s Republic of China (PRC). Through a distribution agreement with CAV Warner Home Entertainment Co., Ltd., Warner Bros. Home Entertainment Group’s joint venture in China, and YOU On Demand Holdings, Inc.’s (OTCBB: CBBD) PRC joint venture, YOU On Demand Media, consumers will be able to access Warner Bros.’ new release and catalog films this summer through the first national Pay-Per-View and Video On Demand platform in China.
YOU On Demand will operate under an exclusive 20-year joint venture with CCTV-6’s pay TV arm China Home Cinema (CHC), to become the first national Pay-Per-View and Video On Demand platform in China. Warner Bros. Entertainment will leverage YOU On Demand’s platform to provide a potential 200 million cable households access to the studio’s films on their television sets. YOU On Demand anticipates their service will be available in three million cable TV homes in China by the end of this summer, which is comparable to the subscriber base of top cable operators in the United States.