• Loading stock data...
Friday, July 19, 2024
Join us this September for Tuned In Request to Attend

DAZN Reportedly Plans to Acquire Rival Media Company

  • No deal is imminent.
  • In February, DAZN reported that it lost $1.3 billion in 2020.

DAZN is in negotiations to acquire rival sports and entertainment media company Eleven Sports, according to a report by the Financial Times. 

An acquisition would expand DAZN’s reach in Europe, where Eleven’s primary markets are Belgium and Portugal. Owned by Aser Ventures, Eleven also operates in Southeast Asia

  • No deal between DAZN and Eleven is imminent.
  • Aser Ventures is owned by Leeds United owner Andrea Radrizzani. 

DAZN’s potential bid comes in the wake of Eleven’s failure to secure a deal with BT Sport, a British sports channel provider under telecom company BT Group. BT Sport will now become part of Warner Bros. Discovery in a deal worth $773 million

A conflict over BT Sport’s desire to ensure that the network would remain available to its telecom customers created an opening for Warner Bros. Discovery to secure its 50-50 deal. 

Despite missing out on BT Sports’ coveted Premier League media rights, DAZN has still established a footprint in European soccer. In March, it struck a sublicensing deal with Spain’s Telefonica to broadcast all La Liga matches for $310.7 million annually over five years. 

DAZN also bolstered its boxing portfolio in June, landing a five-year deal worth over $100 million with boxing producer Matchroom to broadcast matches based in the U.K. and Ireland. 

Tough Losses

In February, DAZN reported that it lost $1.3 billion in 2020 due to the reduction and cancellation of live events during the pandemic. It generated $871 million in revenue that year.

Copy Link
Link Copied
Link Copied

What to Read

WBD at a Crossroads: NBA Rights Decision Could Determine Its Future

Financial analysts argue for a large-scale overhaul of the TNT Sports parent company.

‘Where’s truTV?’ March Madness Channel Is Now TNT Sports’ New Star

Warner Bros. Discovery will make its sports emphasis on truTV ‘even more pronounced and consistent.’

NBC to Lean on Celebrity Power to Boost Its Paris Olympics Viewership

New collaborations with Steven Spielberg, Colin Jost, and Al Michaels mark the latest in a growing list of celebrity tie-ins.

TV Companies Losing Subscribers As Sports Rights Deals Continue to Rise

Four major TV provider companies reported huge losses.
podcast thumbnail mobile
Front Office Sports Today

‘EA Sports College Football 25’: It’s More Than a Game


Featured Today

Jan 7, 2024; Nashville, Tennessee, USA; Jacksonville Jaguars wide receiver Calvin Ridley (0) reacts after scoring a touchdown against the Tennessee Titans during the first half at Nissan Stadium.
July 14, 2024

Without Hard-Line Bans, Pro Athletes and Personnel Will Keep Betting on Sports

Penalties often aren’t stringent or consistent enough to deter banned behavior.
Oct 2, 2021; Miami Gardens, FL, USA; NFL commissioner Roger Goddell speaks during the Don Shula Celebration of Life at Hard Rock Stadium.
July 13, 2024

The NFL Is Confident It Can Overturn the Sunday Ticket Verdict

The league may have good reason to believe it can win.
July 8, 2024

NFLPA Report Cards Have Become the ‘Talk of the Locker Room’ Across..

NFLPA report cards have become the ‘talk of the locker room.’

Caleb Williams’s Contract Requests Could Have Changed the NFL

Williams asked for several unusual clauses and tax dodges.
July 2, 2024

NBA and NHL Free Agency: Billions in New Deals Despite Economic Unrest

Rising revenues and salary caps are helping fuel a run of historic contracts.
July 17, 2024

Angel City FC Sale Official at Record $250 Million Valuation

Disney CEO Bob Iger and wife Willow Bay now control the club.

TopSpin 2K25 Brings the Legends of Tennis to Your Living Room

2K sports is reviving a classic with TopSpin 2K25.
July 1, 2024

Bobby Bonilla Day: A Look at MLB’s Top Deferral Deals and Ohtani’s Pact

Well beyond Bobby Bonilla, many current and former MLB stars have their own lucrative deferrals.
June 24, 2024

Tiger’s Golf League Hits $500 Million Valuation Before First Swing

TGL will begin play in January 2025.
June 13, 2024

The ‘Big’ in Big 12 Could Soon Be Replaced With a Sponsor’s Name

Allstate is said to be in discussions about a deal with the Big 12.
June 13, 2024

Everything You Need to Know About the Schism Rocking Competitive Eating

The business story about hot dogs that you never knew you needed.