Todd duBoef Q&A: Networks don’t make fights, promoters make fights

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Left to right: RING-WBO-WBC junior welterweight champ Terence Crawford, promoter Todd duBoef, and WBA-IBF titleholder Julius Indongo posing with all the 140-pound belts on display. Photo / Top Rank

The seismic shifts boxing has undertaken in 2018 has largely been focused around its full body pivot to streaming services, which was previously only offered to large subscriber bases in limited capacity by one network, Showtime. As the maturation of the concept began to take form, Darwinism claimed one victim in HBO. The Fox network, ESPN and the basic cable network’s subscription app, ESPN+, as well as streaming sports service DAZN have emerged to fill the void HBO’s exit from the sport left.

Does the new climate foster or hinder negotiations between promoters for co-promoted big fights?

The Ring recently broached this subject with one of boxing’s major players responsible for the sport’s evolution, Todd duBoef, the president of Top Rank, Inc. DuBoef, who was instrumental in brokering a landmark long-term deal between America’s oldest promotional company and “The Worldwide Leader in Sports,” also explains the differences between his role with ESPN+ and the DAZN platform and business model

Todd duBoef: Networks don’t make fights. Promoters make fights.

When fights get made, its either the promoters and the fighters make a fight and whatever the encumbrance is – the relationships, the partnerships they have – everyone works together.

I wouldn’t go to a network to try and make a fight. When (Oscar) De La Hoya fought (Felix) Trinidad, one was on Showtime and one was at HBO. We talked to Don King and we made it.

If they (Matchroom or Golden Boy, both of whom are partnered with DAZN) has the promotional rights to the fighter, of course that’s who I go talk to. That’s who you talk to in a negotiation; whoever has the promotional rights. The television rights is one piece.

Nick Skok: So, you’re open to partnerships and you’re happy with the way boxing is moving forward with the streaming services, ESPN+ and DAZN, or is it just the same game but on different channels?

TD: A couple years ago we made a strategical shift to go and leave a premium cable channel (HBO) which we felt was too isolating and too small to bring the sport back to mainstream. That is still our objective. Part of that offering was being with ESPN. It offers lineal cable, it offers ABC, it offers a complimentary DTC (Direct to Consumer) product. It offers their coverage, it offers their radios, it offers all of that. We love the partnership and we love the idea of bringing boxing to where the NFL is, to where the NBA is, all the big properties. That is our objective.

NS: Is there any more pressure now with everyone trying to scoop up fighters with the new platforms? Is there any more pressure to try and sign someone exclusively or are you more confident that deals can still be had or is everyone going to be isolated? It seems like it could potentially be the same type of isolation tactics with the streaming services.

TD: I don’t know about that. Are you talking about streaming service as it relates to the United States or overall? Because it’s a big difference. DAZN has a big international presence. Is there a place for them in secondary markets to a Terence Crawford for an international play? Probably. So, if Terence Crawford is fighting here and they want to get his German rights and I had been selling to Sky Sports, for instance, they are an international player in that perspective.

NS: And you’re fine with that?

TD: Yeah, because they are just another distribution point in those countries.

NS: It helps Terence Crawford.

TD: It’s a licensed deal directly with somebody for a certain territory. When you talk about the complications of a negotiation its largely when the negotiation is at complete conflict in the primary market. So, when somebody was on HBO or when somebody was on Showtime, it was the primary market being the United States that there was a discrepancy of how the deal got done. At the end of the day, it’s all about compromise and figuring it out. I’ve never allowed that to direct it and say “I’m not going to make this fight because it’s [on another network]. What you do is you say “Hey, if there’s enough money in the fights, everyone comes to the table and negotiates to make a deal.”

NS: Why are you so optimistic? You and (Top Rank CEO/founder) Bob Arum both seem open to making deals. Why does it seem everyone is so aggressive towards you guys?

TD: I have no idea. I think there has been a behavior that occurred for many years of “Its mine, it’s not yours. I got this and I got that.”

NS: Babies.

TD: 100%. I think that marginalized and minimized the sport.

NS: Definitely. It hurt it badly.

Crawford’s 12th-round TKO of Benavidez garnered terrific ratings on ESPN. Photo by Eric Francis/Getty Images

TD: With a lot of work and a lot of help, we collectively took a product that had been isolated and in a different place to try and make it more mainstream. If you look at Terence Crawford peaking at 2.83 million (vs. Jose Benavidez Jr.) on mainstream television and beating Ohio State, crushing USC and Colorado, and the key demographic tying for third, only behind the Red Sox in the MLB playoffs and Alabama vs Missouri, we can feel that. We feel that boxing is being freed. It’s very liberating. People texting and telling me “We love your fight.” It’s liberating.

I’m looking to making the product more ubiquitous. We were so small minded. Always looking at the tree and never looking at the forest. Bob and I have come to the realization, and the success of what has happened shows us, that if you keep looking at the forest it’s going to work.

I take a lot of criticism, and I took it very well and it was tough for me.

NS: In which respect?

TD: On ESPN+ and when I put Crawford on ESPN+ and we chose to do it and everybody said: “You’re being a hypocrite” and I said “this is a part of our new model, of our new business. It’s a complimentary platform.” I’m not saying its exclusive terrestrial or exclusive DTC. I’m saying it’s complimentary. We work with it. His last fight was on DTC and now he does the second largest cable rating since 2006, in 12 years, only behind Pacquiao-Horn. That’s the only other fight. So, it shows that even though it was a smaller platform, it didn’t minimize his future. It actually took him from 1.3 to 2.8! So, it actually showed success because what happened was ESPN activated his market, their system, they promoted the hell out of this thing being on a new product, made general awareness, and you not only see the event that night – that is a sliver of it – but the promotion before, the coverage after. Look at the product working!

NS: It’s working.

TD: It’s all working.

NS: It’s streamlined.

TD: We’re not just fighting over two-hour blocks on Saturday. We’re also going to see him at a Green Bay Packers game on Monday Night Football. All of that stuff is part of it. I always said it’s about keeping the lights on all the time.

Look at the NBA. They’re keeping the lights on all the time. They’re doing great. The NFL, keeping the lights on…we need to keep the lights on all the time. To have a DTC product is a great way to do that with shoulder programing, talking heads, showing weigh-ins, showing press conferences, showing fights, showing international fights, and using the linear channel. We’re going to stub our toe. We’re not perfect. We’re learning on time slots, we’re learning on night-of-the-weeks, but we’re holding our own, which is incredible.

I heard a narrative that the sport was dead.

NS: They don’t know what they’re talking about.

TD: All we did was reposition. We took it from where it was and repositioned it, and, so far, the success is great or at least it’s showing positive response.

James Rushton, CEO of sports streaming service DAZN. Photo credit: Galit Rodan/National Post

James Rushton, CEO of sports streaming service DAZN. Photo credit: Galit Rodan/National Post

NS: We’re talking about the health of the sport as a whole. That’s why I brought up [earlier that day] what I was told from (DAZN CEO) James Rushton. When I bring this up, I’m not trying to create some sort of conflict article and get you to go tit for tat with DAZN. I’m trying to see where is the future of boxing going with DAZN and ESPN+ because you guys are right there at the front.

 

 

TD: DAZN is in the subscriber business. I’m in the boxing business. Their offerings are going to be boxing and MMA and cricket. They got NFL rights in certain territories and Major League Baseball. They’re in the subscriber business. I’m in the sports/boxing business. So, we’re in two totally different businesses. If they want to use boxing to drive subscribers, then that’s wonderful for them. I’m not in the subscriber business. When I go to PPV and we have a big PPV, then my call to action is to “watch it here for 59, 60 dollars,” whatever it is. They’re different models.

NS: You don’t have to worry about ESPN+ being successful, you just have to worry about…

TD: But I am trying to make it successful. What we’ve been doing has been very instrumental in the first year of [ESPN+’s] growth. The big events with Crawford and Pacquiao, the international fights, it’s been a wonderful offering that’s created this accelerated growth. I can do it so often but they’re not relying on me. They have Kobe’s detail. They have Peyton Manning’s detail and soccer rights from Italy. They need all the content to retain subscribers.

DAZN is going to need to a lot of content to get subscribers and retain that growth.

I’m just a content holder. We can use it to grow their platforms and do what they want at certain times, but they have to figure out what they’re going to do to retain it. HBO has Game of Thrones and Jamie Oliver and Bill Maher. That’s all a part of their retention of their subscribers.

NS: Last question. You’re optimistic about the future of boxing with these streaming services? It’s not going to be isolated like it was when it was just HBO and Showtime?

TD: I think most people in the industry think boxing is having a bit of a renascence regardless of what the platform is.

NS: I don’t care what they say. I really want to know what you say because you’re the guy.

TD: I don’t know if I’m the guy.

NS: You’re one of the guys. You’re at the table.

TD: I think right now that the success of the sport is when it’s not being siloed like it has been in the United States. What we’re seeing right now after a 14-month sampling with ESPN is that it’s being repositioned. There are massive fan bases here and the sports fans here just didn’t know where it was.

 

Contact Nick Skok on Twitter @NoSparring

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