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Wednesday, 13 December 2023

Broadband TV News: DAZN looks for new funding for 2024

Story from Broadband TV News:

DAZN is in conversation with potential investors to expand its current range of sports.

Bloomberg reported sources at the London-based streamer who claimed the company was exploring the possibility of raising up to €927 million.

Its expected that this year’s financial results will show a significant improvement on the losses of previous years.

DAZN is backed by the Ukrainian-born billionaire Sir Len Blavatnik, who while being more than capable of providing funds himself, is now more likely to be open to some kind of financial partnership with an outside investor.

Although DAZN last week missed out on the rights to the Premier League in the UK, it holds a portfolio that includes the Champions League in Germany and Serie A in Italy. DAZN also broadcasts the Saudi Pro League.

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