The reason for the network's departure from the sport is centered upon a decline in viewership. It is now widely available on a host of networks and streaming services. There is more boxing than ever being televised and distributed. In some cases, this programming is very good. But from an entertainment point of view, it's not unique.
Although Showtime has presented itself to be a viable competitor over the past 25 years, there's little doubt HBO Sports had built the majority of its reputation on being boxing's broadcasting home, especially following the sport's transition off of network television. The past five years saw Showtime equal and eventually eclipse HBO as boxing's premier network, thanks in large part to its relationship with Premier Boxing Champions founder Al Haymon. Last month, Showtime announced a three-year extension with PBC.
HBO's exit also comes within a calendar year that saw the broadcasting landscape dramatically shift within the sport. The only boxing related programming scheduled for thus far on HBO is the multi-part documentary called "What's My Name?
The news is also expected to create an intense bidding war between the network's two biggest names, Alvarez and Golovkin, who both saw their exclusive HBO deals expire with their September rematch and are expected to likely face off for a third time in Per Loeffler, Golovkin will be looking for fight-by-fight deals with any network, to maintain flexibility.
Also, Golovkin wants to control his own fight promotions. Earlier this month, HBO declined to pick up the option on televising a light heavyweight title rematch between Eleider Alvarez and former champion Sergey Kovalev, just months after Alvarez's exciting comeback knockout aired on the network.
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