Mayweather-Pacquiao Shatters PPV Records

Boxers Floyd Mayweather and Manny Pacquio are each known to pack a hard punch, but their fists have managed to break something else. Initial reports from distributors indicate that the event generated more than 4.4 million U.S. buys and more than $400 million in domestic pay-per-view revenue alone. The event is expected to generate in excess of $500 million in gross worldwide receipts, when additional revenue from the live gate at MGM Grand in Las Vegas, international television distribution, sponsorships, closed circuit and merchandise sales are tallied.