Sir Len Blavatnik has significantly invested $827 million into DAZN, totaling over $6.7 billion since 2016, despite the company reporting deepening losses of $1.4 billion in 2023. While revenues increased to $2.7 billion and the platform boasts 300 million viewers including 20 million subscribers, DAZN faces fierce competition from Netflix. DAZN aims to reach 1 billion users globally by diversifying its offerings, which may include external investments from Saudi Arabia’s sovereign fund. CEO Shay Segev remains optimistic about DAZN's future growth prospects.
DAZN remains a leader in sports streaming with strong viewership, yet faces intensified competition from platforms like Netflix, aiming for expansive growth despite current losses.
Investing over $6.7 billion in DAZN, Blavatnik indicates his strong belief in its potential, as the company pushes towards ambitious goals and user base expansion.
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