DAZN is looking to raise $500 Million according to a report from Bloomberg News. The over the top platform is said to be expanding and the funds would facilitate the build.
This past year, DAZN restructured its monthly fee schedule from $9.99 per month to $19.99 per month. Alternatively, subscribers could pay $99.99 for an annual subscription.
The company has spent a lot of money on talent in order to establish its platform including the historical $365 million deal to sign boxer Canelo Alvarez. Its also signed up GGG, Anthony Joshua as well as a $1 billion partnership with Matchroom Boxing. According to the report Goldman Sachs Group, Inc. is working on the fundraising.
Notably, DAZN has just inked a deal with Sylvester Stallone’s Balboa Productions in featuring documentaries under the banner ‘One Night,’ per Deadline.com. The first one is set to air on November 20 and will feature this past spring’s Antony Joshua-Andy Ruiz showdown at Madison Square Garden.
According to Crunchbase, there have been over 2.45M downloads of the DAZN App in the last 30 days reflecting an almost 31% growth this past month. Monthly visits to DAZN is up over 26% in the past month over last month with over 26 million visits.
Payout Perspective:
The competition in the streaming world is competitive and DAZN is looking to expand its operation. Thus far, DAZN has done its best in securing content for its product and has made swift changes to its subscription rates in order to capitalize on it. It will be interesting to see how it expands and hopefully some of the funds will go to upgrading its technology as evidenced by several streaming issues during Saturday’s Regis Prograis-Josh Taylor fight. Still, DAZN has been embraced by many boxing fans and some MMA fans for its content. We will see if the expansion will include more sports and/or regions.
Leave a Reply