THE upcoming megafight of Manny Pacquiao and Floyd Mayweather will not only set a record in generated incomes but also in pay-per-view rates.
In a report from the Wall Street Journal, sources said cable subscribers would have to pay US$99 for the high-definition feed of the May 2 (May 3, Manila time) fight while standard definition would cost US$89.
Both rates would break the previous record for HD telecasts of US$74.95, which was US$10 less for the standard format.
Pay-per-view prices in the Philippines should be considerably lower. Cignal TV, an affiliate of TV5, said it will most likely sell PPVs for P2,000 while Sky Cable, a sister company of ABS-CBN, is initially looking at a P2,999 price tag.
The two networks, along with GMA 7, will also carry the fight on free TV on a delayed basis.
ESPN reported last month that the fight could generate $400 million from a combination of live gate, pay-per-view and other considerations.
"Between the gate, the foreign television sales and the closed circuit, which we can't even calculate yet, you're looking at over $120 million. And that's before one pay-per-view has been sold in the US," Top Rank promoter Bob Arum told ESPN.
Of the total revenues, the highest ever in professional boxing history, Mayweather is set to earn 60 percent of the purse, versus 40 percent for Pacquiao.