If you’re planning on watching the Manny Pacquiao-Floyd Mayweather fight next month, now would be a good time to start planning on which sports bar you’re going to watch it at — because ordering on pay-per-view won’t be cheap.
The Wall Street Journal reported that the May 2 fight, which boxing fans have been wanting for years, will cost $89 to order on pay-per-view — and that’s only standard definition. If you want the high-def version of the fight, it’s going to cost you an extra $10 at $99.
In case you were wondering, those are record prices. The previous high for an HD pay-per-view price was $74.95.
According to the WSJ, TV distributors were being asked to give up 70 percent of revenue from the fight, but that number has come down some. There’s still a chance the distributors end up relinquishing 40 percent of the revenue.
However, don’t expect that insane price to push away too many fans. “Industry observers” told the WSJ there’s a chance the fight could fetch 3 million pay-per-view buys, which of course would mean PPV revenue of about $300 million. If that’s the final figure, that would nearly double the pay-per-view record.