Billionaire injects fresh $800m into building the ultimate sports streaming service

With a mission to dominate the digital sports market, Sir Leonard Blavatnik has injected $827 million into DAZN, propelling his investment to over $6.7 billion since the streaming platform’s inception in 2016. From top-tier European football to American football’s NFL, DAZN has captured a broad audience across more than 200 markets, earning its title as the "Spotify of sport."

1. Financial Performance: While DAZN saw a rise in revenue to $2.9 billion in 2023, its losses widened to $1.4 billion from $1.2 billion in 2022. However, CEO Shay Segev remains optimistic, expecting revenues to exceed $6 billion by 2025, driven by strategic acquisitions and upcoming events like Fifa’s Club World Cup football tournament.
2. Global Expansion: DAZN aims to solidify its position as the go-to destination for sports fans worldwide by offering a wide range of services beyond streaming. The company plans to enhance its app, enabling users to access news, connect with fellow fans, place bets, and purchase tickets and merchandise.
3. Strategic Investments: The backing of Sir Leonard Blavatnik’s Access Industries has been crucial for DAZN’s growth, with total funding amounting to $6.7 billion to date. The company has secured rights to major sports events internationally, such as the NFL Game Pass and the Club World Cup, indicating a commitment to offering premium content.
4. Market Expansion: Expanding its portfolio, DAZN has acquired rights to French football, adding to its existing coverage in key European markets and other sports like Japanese football and MMA fighting. The recent acquisition of Foxtel from News Corp and Telstra further solidifies DAZN’s presence, allowing the former owners to hold a significant stake in the company.

As DAZN sets its sights on becoming a $200 billion media empire, its strategic partnerships, acquisitions, and technological advancements position it for unparalleled growth in the digital sports streaming landscape. With a focus on delivering high-quality content and engaging experiences, DAZN is gearing up to revolutionize how fans consume sports entertainment, making it a force to be reckoned with in the industry.