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I would say it is far from dead. Sure, only every now and then do they get the big hype fights, but most of their pay per views now draw between 700K and 1 million buys. The recent pacquiao vs margarito which was hugely hyped sold about 1.4 million. Boxing might have 1-3 events a year that sell that many buys where the UFC seems to have at least one a month.
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