Back in 2014, Canelo Alvarez left Showtime to return to HBO after signing an exclusive multi-fight contract. Now it has been revealed by Golden Boy CEO Oscar De La Hoya and promoter of Canelo Alvarez, that the rematch with Gennady Golovkin is last fight under HBO’s contract and he is looking for a new TV deal for his star boxer.
Canelo has had six-fight with HBO till now with five of them being on Pay-Per-View. Canelo with HBO has had a decent run on HBO. His first PPV fight under HBO was against Puerto Rican legend Miguel Cotto, which was a successful fight on box office having sold 900,000 buys. His next two fights were against Amir Khan and Liam Smith which sold around 600,000 and 350,000 PPV buys respectively.
It was the Chavez Jr fight which proved to be a breakthrough fight for him and the first fight as the A-side which cracked over a million buys. ESPN estimates that it sold around 1.2 Million buys and his next fight was against his arch-rival Gennady Golovkin which sold around 1.3 Million buys and is the biggest PPV buys generated by Canelo as the A-side.
Leading up to the rematch against Golovkin, the fight is expected to break PPV records set by the first fight and it comes with a hefty PPV price of $84.95 to watch it on HD.
However, HBO has been on a decline recently and it looks like they are not committed to boxing anymore.
In an interview to LA times, Oscar De La Hoya said:
“It makes me wonder if HBO even wants to be in boxing. … Given the circumstances that boxing is in line at this moment, with ESPN, DAZN and the fact that Fox television has paid millions and Showtime’s doing many things, it’s going to be very interesting for us and Canelo to see what HBO can do to keep him.”
HBO has been a boxing powerhouse for a long time having produced superstars like Julio Cesar Chavez Sr, Oscar De La Hoya, Manny Pacquiao, Miguel Cotto etc.