Blavatnik strengthens DAZN with major investment amidst rising losses
Deal News | Jan 26, 2025 | EIN
Sir Leonard Blavatnik has invested an additional $827 million into DAZN, aiming to position it as a formidable competitor to Netflix. To date, his investments through Access Industries have exceeded $6.7 billion. While DAZN's revenue grew to $2.86 billion in 2023, marking an increase in subscribers and average revenue per user, pre-tax losses also increased to $1.43 billion. CEO Shay Segev has indicated that the company is now profitable in most of its top ten markets, with projected revenues of over $6 billion by 2025. This growth will be supported by acquisitions, including Foxtel for $2.2 billion and rights to the 2025 Fifa Club World Cup for $1 billion. Furthermore, DAZN has secured additional funding of $240 million and $587 million from Access Industries for 2024, amidst its $9.3 billion commitment to sporting rights.
Sectors
- Streaming Services
- Sports Media
- Media and Entertainment
Geography
- United Kingdom – DAZN is based in London, making the UK a significant geography for the company's operations.
- United States – Access Industries, the owner of DAZN, is headquartered in New York, indicating its U.S. ties.
- Australia – DAZN's acquisition of Foxtel, a major pay-TV giant in Australia, highlights the relevance of this geography.
Industry
- Streaming Services – This industry is relevant as the article discusses DAZN, a streaming service company, and its efforts to compete with other major streaming platforms like Netflix.
- Sports Media – Sports Media is relevant because DAZN is described as a sports streaming service, indicating its primary focus on broadcasting sports events.
- Media and Entertainment – The Media and Entertainment industry is relevant due to DAZN's involvement in content creation and media rights acquisitions.
Financials
- $827 million – Additional investment injected into DAZN by Leonard Blavatnik.
- $6.7 billion – Total investment in DAZN by Leonard Blavatnik through Access Industries.
- $2.86 billion – Revenue of DAZN in 2023.
- $1.43 billion – Pre-tax losses of DAZN in 2023.
- $2.2 billion – Cost of DAZN's acquisition of Foxtel.
- $1 billion – Investment in rights to the 2025 Fifa Club World Cup.
- $240 million – Funding from Access Industries through ordinary and preference shares.
- $587 million – Additional funding from Access Industries in return for preference shares in 2024.
- $9.3 billion – DAZN's long-term sports rights commitments.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sir Leonard Blavatnik | Investor | Person | Billionaire investor who has significantly financed DAZN through his company Access Industries. |
| DAZN | Target Company | Company | A sports streaming service striving to rival Netflix, receiving significant investments from Access Industries. |
| Access Industries | Owner/Investor | Company | Private holding company founded by Sir Leonard Blavatnik, owner of DAZN. |
| Shay Segev | CEO | Person | Chief Executive Officer of DAZN, overseeing the company's strategic growth and financial performance. |
| Foxtel | Acquisition Target | Company | An Australian pay-TV company acquired by DAZN. |