Britain’s richest man bankrolls $3.7bn losses for sports streaming venture Dazn
2 years, 10 months ago

Britain’s richest man bankrolls $3.7bn losses for sports streaming venture Dazn

The Telegraph  

An attempt by Britain’s richest man, Sir Leonard Blavatnik, to conquer the sports TV market has racked up another year of heavy losses to reach an accumulated deficit of more than $3.7bn. In delayed accounts filed at Companies House, the streaming operator Dazn reported a pre-tax loss of $1.3bn for 2020 as the pandemic tore up sporting schedules around the world. The venture, dubbed the “Netflix of sport” has accumulated billions in losses over six years, almost entirely funded by Sir Leonard. Last year, Dazn hired Kevin Mayer, the former Disney streaming and TikTok executive, as its chairman.

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Britain's richest man pours another $4.3bn into sports streamer Dazn
2 years, 10 months ago

Britain's richest man pours another $4.3bn into sports streamer Dazn

The Telegraph  

Sir Leonard Blavatnik has agreed a $4.3bn refinancing of his loss-making attempt to conquer sport television, Dazn, despite its failure to hit the target in a bid to acquire BT Sport. Last year Dazn became the lead broadcaster of top-flight football in Italy, bought La Liga football rights in Spain, launched Bundesliga football coverage in Germany, secured UEFA Women's Champions …

'Netflix of Sport' Dazn mulls multibillion-pound listing
3 years, 5 months ago

'Netflix of Sport' Dazn mulls multibillion-pound listing

The Telegraph  

Dazn, the sports streaming app lavishly funded by the billionaire Sir Leonard Blavatnik, is targeting a stock market debut within months to help fund further expansion. The British company, which has spent billions of pounds of Sir Leonard’s fortune buying up football rights around the world, aims to list in autumn if market conditions allow, according to City sources. The …

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