Periscope might be in trouble for hosting live streams of the Mayweather vs Pacquaio fight
Will Periscope get knocked out?
It was billed as the most lucrative event in sport's history with the winner being crowned the greatest boxing champion of his generation, and the highest paid sports star in history. But some people who wanted to tune into the momentous Mayweather vs Pacquaio boxing fight, staged in Las Vegas last Saturday night, couldn't afford the $100,000 plus price tag on a ring side seat or care to tune into the pay-per-view systems of Showtime and HBO. Enter Periscope.
The Twitter owned streaming system, Periscope, became the platform for many live streams of the 12 round fight, as it unfolded, allowing users to tune in for free via Twitter.
The owners of the rights to broadcast the fight, HBO, Showtime, boxing promoter Top Rank and Mayweather's firm, sent Periscope 66 takedown requests on Saturday night, according to Twitter. Periscope responded quickly and was able to take down 30 of them. The broadcasters also filed last minute lawsuits on Saturday, successfully shutting down 2 illegal streaming Websites.
"Piracy does not excite us," Periscope cofounder Kayvon Keykpour said on Twitter on Sunday, in response to the streaming furore. "Trust me, we respect [intellectual property] rights and had many people working hard to be responsive last night (including myself)." It is as yet unknown what legal action, if any, the interested parties will make, or how much revenue was lost on top of the $400 million revenue haul, due to the Periscope streams.