Dazn mulls IPO to propel further growth

News Video Global 9 APR 2021
Dazn mulls IPO to propel further growth

Sports streaming platform Dazn may tap the public markets "over the next few years" to propel further growth, co-CEO James Rushton said in an interview with Reuters. The company’s customer base is growing. Its technology platform has reached efficiency, the report added. Dazn has also recently secured the rights to broadcast Italy's top football league, Serie A, for the 2021-24 seasons. It will show 266 Serie A exclusive matches and 114 co-exclusive matches.

Dazn may already have a large enough number of subscribers watching Serie A to make a return on the investment made to acquire the broadcasting rights, Rushton said. It will however consider lifting its EUR 9.99 monthly fee in Italy, he said. It charges EUR 11.99 in Germany. Dazn may bid next to acquire the rights to show the English Premier League, the co-CEO added. The company is considering opportunities to introduce the platform in the UK, France, Spain and Asia. It has announced plans to launch in more than 200 countries. 

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Dazn

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