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Old 04-02-2019, 09:02 PM #1
Motorcity Cobra Motorcity Cobra is online now
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Default DAZN hemorrhaging money. Selling off Perform to raise cash

I knew something was fishy when they couldn't offer Adams more money to fight GGG than PBC offered him to fight Charlo

Quote:
DAZN Nears Sale of Its Stats Unit to Vista to Fund More Live Sports

Billionaire Len Blavatnik’s DAZN Group is close to a deal to sell its Perform content business to Vista Equity Partners, a person familiar with the matter said.

The business, which includes data collection and distribution and services for betting operations, will be sold to help DAZN fund acquisitions of live sports rights, the person said, asking not to be identified because the discussions are private. It wasn’t immediately clear how much Vista was paying. No final decision has been made and the sale may still not materialize, the person said.

A representative for DAZN said that the company is engaged in talks with a potential bidder for Perform, as part of a strategic review announced in October, declining to comment further. A representative for Vista wasn’t immediately available to comment.

PJT Partners Inc., which is handling the review for DAZN, declined to comment.

A potential deal would mark the third, large sports data provider to change hands in the past year, following EQT Partners’s sale of its minority stake in Sportradar in July, and Apax Partners acquisition of Genius Sports Group.
DAZN, dubbed the “Netflix of sports,” streams live sports events with a focus on boxing in the U.S., charging customers $19.99 a month or $99.99 a year for matches featuring fighters such as Canelo Alvarez, Daniel Jacobs and Anthony Joshua. DAZN also buys up a variety of other sports rights, including elite soccer matches, and sells services in Germany, Austria, Switzerland, Canada, Japan, Italy and Spain, according to its website.

DAZN began as part of Perform Group Ltd., a London-based company Blavatnik formed in 2007. Perform acted as a middleman for content, buying rights to games and data from sports teams, and packaging them for broadcasters. DAZN soon went on a multi-billion-dollar spending spree, Bloomberg reported in January.
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Old 04-02-2019, 09:04 PM #2
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That's not a good sign.
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Old 04-02-2019, 09:07 PM #3
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No crap Dazn has failed. They do not even have 80k paying subscribers. This is the biggest joke in the history of US sports.

1 year and done.
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Old 04-02-2019, 09:09 PM #4
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Never once in this article does it say that DAZN is "hemorrhaging money".
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Old 04-02-2019, 09:09 PM #5
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No crap Dazn has failed. They do not even have 80k paying subscribers. This is the biggest joke in the history of US sports.

1 year and done.
They have millions of subscribers worldwide dummy.
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Old 04-02-2019, 09:10 PM #6
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Originally Posted by pillowfists98 View Post
They have millions of subscribers worldwide dummy.
Where’s your source ? Or are you just guessing ?
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Old 04-02-2019, 09:14 PM #7
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Originally Posted by pillowfists98 View Post
Never once in this article does it say that DAZN is "hemorrhaging money".
That was a phrase that was constantly repeated about the PBC years ago which for some reason isn't being used to describe DAZN who are spending even more money with less results.
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Old 04-02-2019, 09:15 PM #8
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Originally Posted by bballchump11 View Post
That was a phrase that was constantly repeated about the PBC years ago which for some reason isn't being used to describe DAZN who are spending even more money with less results.
I never mentioned PBC.
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Old 04-02-2019, 09:16 PM #9
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No where in the article does it say they are hemorrhaging money. Misleading title. You literally made that up. So the rich guy who started DAZN used to own a data company. Then started a sports streaming service which is the business he wants to be in going forward. He is selling the old company. If anything this is a better sign for DAZN he is investing more money into sports streaming.

But to pretend this is a sign DAZN is in trouble is just stupid successful businessmen have numerous businesses and sell and buy new side businesses all the time.
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Old 04-02-2019, 09:18 PM #10
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Originally Posted by BigDramaShow! View Post
Where’s your source ? Or are you just guessing ?
They have well over a million in Japan alone.

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