January 9, 2014 |
After four years and tens of millions of dollars spent on developing a new channel, WWE Corp. ultimately decided to bet on itself. Its new network, unveiled Wednesday at the Consumer Electronics Show in Las Vegas , is not a traditional channel that will be distributed by pay-TV distributors including cable and satellite companies. Instead, it will be an online network that WWE fans can watch if they shell out $9.99 per month. By going the so-called over-the-top or OTT route, WWE is bypassing launching a network that would likely have been a slam dunk with distributors.
January 9, 2014 |
Satellite broadcaster DirecTV is less than thrilled with the WWE's plans to launch an online network and said it will have to rethink its relationship with the programmer and whether it will continue to offer its pay-per-view specials. As part of the WWE's online network, which will launch next month, its 12 pay-per-view specials including the hugely popular "Wrestlemania" will be made available to subscribers at a price tag of $9.99 a month. Traditional pay-TV distributors including DirecTV have for years counted on WWE's pay-per-view specials as a solid revenue source.
December 12, 2013 |
Andre Ward said he's confident he'll return to the boxing ring in the early spring despite the lawsuit he filed Monday attempting to break from his longtime promoter, Dan Goossen. “The legal process that I'm going through right now should have no bearing on my getting back in the ring as soon as possible,” Ward said in a statement emailed to The Times on Wednesday morning. “And I'm hoping to fight some time in March or April. " Ward, 29, is 27-0 with 14 knockouts after cruising to a unanimous decision over Edwin Rodriguez last month in Ontario.
November 23, 2013 |
There's so much for Manny Pacquiao and his promoter to like about this new venture of fighting in Macao, China. For Pacquiao, it means a break from the 39% U.S. tax rate that reduced his purses fighting in Las Vegas. For Bob Arum, there's the promise of expanding a fan base among a country of 1.3 billion, particularly among those deep-pocketed enough to afford a vacation to the gambling-mecca Macao, where the Venetian hotel owners provided Arum a reported $8-million site fee. But will U.S. fans retain their interest in buying a Pacquiao pay-per-view when he's fighting at such a distant locale?
September 23, 2013 |
Chris Weidman was a nearly anonymous U.S. athlete before ending the near seven-year reign of Ultimate Fighting Championship former middleweight champion Anderson Silva in July. Now, UFC President Dana White says Weidman's rematch with Silva on Dec. 28 at MGM Grand Garden Arena in Las Vegas has the legitimate potential to become the organization's most lucrative pay-per-view in history. “It's almost surreal. I was almost like a nobody going to this last fight and now I can be part of the most pay-per-view buys ever,” said Weidman, 29, who appeared with Silva (33-5)
September 19, 2013 |
Floyd Mayweather Jr.'s dominating win over "Canelo" Alvarez was the richest fight ever, a box-office smash at the arena and on television. Showtime said Thursday that at least 2.2 million homes bought the pay-per-view for the bout, second only to the 2.44 million homes in Mayweather's 2007 fight against Oscar De La Hoya. With the highest pay-per-view boxing price - at an average of more than $70 - the fight will generate nearly $150 million in revenue in TV sales alone. Nevada boxing regulators said the gate for the bout was just more than $20 million, also a record.