DAZN seeks cash to help secure future

[Fanofreason]

DAZN is only investing in boxing statewide because the other sports leagues rights will not be open to bid for a few more years. Boxing was just the one sport they could enter the market in and develop their brand name before bidding for say the rights of the NFL or NBA etc. People keep saying they over pay for fights as if that's why they are needing some financial help. That is nonsense. Boxing is still much cheaper than other sports. They just were hit the hardest with the pandemic and being a pure sports app. I will say though, giving up equity when the company is at a low point is going to suck for Len. Good for the buyer though as they buy stock when it is low. Nothing about the latest development indicates DAZN is done or anything. Just let it play out.

NFL gave Dazn the Canadian rights a couple years ago. After only 2 weeks the NFL forced Dazn to put the product on regular tv.

No legit US league is giving them content here in America

[jimisawesome]

Those aren't apps. You must be American and I don't I expected anything logical from you tbh.

DAZN is a media company that loses a lot of money genius.

[maguirre]

Does this mean fans are going to be left with TR and PBC whose fighters hardly fight and when they fight they fight cab drivers?

Why are some fanatics want DAZN to fail as if there are better options out there? I don't get it.

Fans are doomed.

[BangEM]

DAZN is a media company that loses a lot of money genius.

Still doesn’t make sense. You take losses at the beginning of every business especially if you’re very aggressive in a market that’s already saturated when you’re competing with major players.

I don’t think you have ever run a business.

[jimisawesome]

Still doesn’t make sense. You take losses at the beginning of every business especially if you’re very aggressive in a market that’s already saturated when you’re competing with major players.

I don’t think you have ever run a business.

You might not think I have run a business but I know you never have ran a business.


DAZNUSA has no growth at all. You know how I know? Because the last and only time they have announced a number was a year ago. They have never released subscribers numbers, never released viewer numbers for Canelo/Kov or AJ/Ruiz 2 or GGG or even Youtube fights.

They leaked some BS about AJ Ruiz as their most watched fight, if you believe that I have some real estate you might be interested in. Or some other BS how they had this surge for the Canelo fight despite half the country falling asleep before it started.

Companies that are growing can't shut up about the numbers. Disney can't shut up about every time they hit a milestone number. Netflix can't shut up. AT&T won't shut up when HBO Max hits a million either.

DAZN has been on a roadshow trying to find investors for months now with little luck and this was before COVID in an environment when VC can't stop throwing money away as seen by Qubi being a thing. Or are you are going to argue Qubi is a brilliant business too? I mean they are losing money and an app.

[Fanofreason]

Still doesn’t make sense. You take losses at the beginning of every business especially if you’re very aggressive in a market that’s already saturated when you’re competing with major players.

I don’t think you have ever run a business.

No business owner wants to be years in and still in the red with 3.8 Billion on the books in future payments.

2 year return is what business investors want.

No one will fund Dazn because with a Billionaire backing, and over 3 years in they are massively in the red. This company will be filling bankruptcy shortly.

It’s good. We need 1 promoter 1 network. That how we get the fights.

[Ritz Kola]

Dazn is utter ****e! Crap on a phone! And expensive crap at that! This farce of a business will finally be out of its misery and belly up in a river, somewhere hopefully soon. ONLY illogical, and, irrational brits are crying for that app. An app y'all can't even receive. Upset Americans looked at that weasel edward GERMS and dismissed him. Deadzone failed because it left the job of cracking my country's market to an uneducated clown from "mate" land.

[BangEM]

You might not think I have run a business but I know you never have ran a business.


DAZNUSA has no growth at all. You know how I know? Because the last and only time they have announced a number was a year ago. They have never released subscribers numbers, never released viewer numbers for Canelo/Kov or AJ/Ruiz 2 or GGG or even Youtube fights.

They leaked some BS about AJ Ruiz as their most watched fight, if you believe that I have some real estate you might be interested in. Or some other BS how they had this surge for the Canelo fight despite half the country falling asleep before it started.

Companies that are growing can't shut up about the numbers. Disney can't shut up about every time they hit a milestone number. Netflix can't shut up. AT&T won't shut up when HBO Max hits a million either.

DAZN has been on a roadshow trying to find investors for months now with little luck and this was before COVID in an environment when VC can't stop throwing money away as seen by Qubi being a thing. Or are you are going to argue Qubi is a brilliant business too? I mean they are losing money and an app.

You obviously have your own agenda and your posts show it.

I'm not a DAZN apologist. But as someone who has keen interest in business trends - I do believe in DAZN and I think smart boxers need to use the leverage they have now to buy equity in the company. Especially now that the company has been hit.

What happened to DAZN in the US is normal at the start of every business. Especially when you're competing in a market that's already oversaturated with big players. You'll overpay and take heavy losses in the process. However, once you get your foot in the door - you'll start breaking even and eventually become profitable. DAZN was on that projectile until covid-19 hit. Denying that would amount to denying the obvious.

Furthermore, DAZN isn't just in the US market, although the US market is the biggest market the company is in. At DAZN's peak, it was worth $3billion and I'm sure it's worth less than that now. However, with its foray into the UK market - if it can get some EPL games, coupled with all the other leagues it currently has and the champions league - then a few other sports, the company would be worth 3x what it's currently worth in the next two years.

DAZN has massive potentials and the company might end up being as big as Netflix. It's the first of its kind in that market and this is expected. Uber, Netflix, instagram and a host of others had the same problems at the beginning. It's an app and you don't expect people to latch on straightaway. People don't embrace tech that easily until it becomes the cool thing to do. And that's the truth.

Finally, AJ vs Ruiz did those numbers and they had no reason to lie. The fight was the biggest and most anticipated fight in boxing since Floyd Mayweather fought Conor McGregor.

[BangEM]

No business owner wants to be years in and still in the red with 3.8 Billion on the books in future payments.

2 year return is what business investors want.

No one will fund Dazn because with a Billionaire backing, and over 3 years in they are massively in the red. This company will be filling bankruptcy shortly.

It’s good. We need 1 promoter 1 network. That how we get the fights.

DAZN was launched in the US in summer 2018 and that's the country it took all the losses from.

If you're a big investor investing in a business that's like a unicorn in a market that already has major players and you think taking losses for the first two years is enough to file bankruptcy - then you have no business being a investor. It takes years to break even in that type of business. But once you start breaking even (which means you've got the people's attention), you cut spending and start hiking up the price in small increment. ANd the sky is the limit.

I hope DAZN opens up for the public to buy equity in the company. I'll definitely take that risk and buy shares in DAZN.

[Motorcity Cobra]

You might not think I have run a business but I know you never have ran a business.