DAZN: Sports broadcaster’s operating LOSSES pass £1bn despite revenue RISING Streamer leaking cash Sports broadcaster DAZN suffered an operating loss of $1.3bn (£1.1bn) and record overall losses of $2.3bn (£1.9bn) in 2021 despite growing revenue by almost 80 per cent. The UK-headquartered streaming and subscription service, which is a major player in the US, Japan and Germany, saw income swell to $1.6bn (£1.3bn). But costs also increased by [...]
Sports streaming platform DAZN acquires ELEVEN Group DAZN Global sports streaming service Dazn has acquired Eleven Sports, making it the biggest football rights holder in Europe. Dazn Chairman Kevin Mayer described the deal as a “major moment” for the company because it will allow them to progress with their ambition to become a “daily destination for sports fans” globally. “It’s a win, win, [...]
Blurred lines: Athlete investors on rise as brands embrace new ways to partner with sport stars Long read When Anthony Joshua and Dazn announced a new partnership last week, one of the most eye-catching aspects of the deal was that it involved the British heavyweight boxer acquiring a stake in the sports streaming platform. It was just the latest example of a prominent athlete cultivating a business portfolio to complement their sporting career. [...]
DAZN in talks to buy BT Sport September 22, 2021 Sports streaming service DAZN is in late stage conversations to buy BT’s sports business, according to the Financial Times which first reported the news. The chairman of DAZN, Kevin Mayer, reportedly told an industry conference that he would “love to have EPL [English Premier League] ultimately,” and was “possibly” interested in BT Sport. The TV [...]
DAZN to quadruple prices for UK subscribers weeks after luring boxing promoter Matchroom from Sky in £100m deal August 31, 2021 Sports streaming service DAZN has announced a four-fold increase in its monthly subscription fee for UK users. The platform will increase in price to £7.99 per month from the end of September, it told customers today. DAZN, which owns premium boxing rights, launched in the UK at an introductory price of £1.99 eight months ago. [...]
Dazn inks landmark deal to stream Women’s Champions League June 30, 2021 The Women’s Champions League will be streamed live for free around the world for the next four seasons following a landmark deal with sports platform Dazn. The streaming service, dubbed the “Netflix of sports”, has acquired the rights to the tournament from UEFA until 2025. It has also agreed a partnership with Youtube to host [...]
Matchroom leaves Sky Sports for DAZN in five-year, £100m deal – but Anthony Joshua fights aren’t included June 3, 2021 Boxing promoter Matchroom has signed a deal with DAZN to show its fights exclusively on the sports streaming platform in the UK and Ireland. The five-year agreement, reported to be worth more than £100m, begins in July when Matchroom’s contract with Sky Sports ends. The deal also cements the relationship between Matchroom and DAZN, which [...]
Week in Sportbiz: Taxman cometh for football (again); BT Sport; Simone Biles; social media boycott; and NHS x NFL draft April 29, 2021 HMRC has cashed in by increasing scrutiny of the football industry, so perhaps it should be no surprise that the taxman has begun a new crackdown on players and clubs. Investigations into footballers almost tripled in 2019-20, while those concerning clubs more than doubled. The result was an increase from £35m to £73m in tax [...]
Ladbrokes owner CEO to leave after just seven months for DAZN January 11, 2021 Ladbrokes owner Entain this morning said its chief executive Shay Segev will leave after just seven months in the position. Segev will exit after a six-month notice period to join sports streaming platform DAZN as Co-CEO, only days after Entain rejected an £8bn approach from MGM. Chairman of Entain Barry Gibson said, “We are sorry [...]
Supersizing DAZN: Why a UK launch is just the start of the sport streaming service’s global ambitions December 11, 2020 “Supersizing” is the buzzword of the moment at DAZN, the sport streaming service that finally launched in the UK this month. It’s an appropriate one, in that it reflects DAZN’s expansion to more than 200 countries, making it the first global platform of its kind. It is also suitably bullish for a company that is [...]