DAZN

[garethhop]

They on the verge of giving up boxing?

[Jeff_lacy_ko]

Yes they lost a lot of money. Their morons in charge aimed for 3mm US boxing subscribers which is absurd. They deserve to fail

[Rgoodwin]

They don't have a schedule

[bobcatbox]

Nothing about it in this recent finance piece on DAZN: https://ca.finance.yahoo.com/news/dazn- ... 55698.html. They’re clearly making moves. I don’t see how dumping boxing helps them, especially if their stated goal

As all TV content keeps slowly moving to OTT, we will probably have other apps or services try to nab the American boxing market to impress their investors with an influx of subscribers. The problem is that Boxing fans drop and pick up DAZN depending on the fights. Maybe the PPV model will never die, especially in the digital age?

I like the idea of DAZN a lot. I hope they don’t dump boxing and get a solid schedule together for late this year. Maybe some of this new 1 billion can be used for that.

[lazboy]

Jesse Vargas

[Enlightened-One]

They on the verge of giving up boxing?

DAZN are committed to fulfilling at least $2 billions worth of contractual obligations related to the sport of boxing.

Therefore, DAZN must at least attempt to fulfil the terms of those contracts, because if they don’t, the legal consequences for failing to perform their obligations could spell disaster for their business.

Simply put, DAZN won’t be allowed to abandon their financial commitments to their existing deals, without compensating the parties they agreed contracts with.

It’s been heavily-publicised that DAZN are attempting to raise more than a $1 billion from investors.

And if they fail to do this, with their wealthy owners also refraining from investing their own cash (which is a possibility), then DAZN could very well go out of business.

In the meantime, DAZN might employ some cost-cutting measures, such as attempting to renegotiate the terms of their existing contracts, which may result in less boxing content, a reduction in production quality or with one or two big-name fighters being released.

I could be wrong, but I think there’s only one GBP event in the pipeline.

Matchroom US have also started dropping fighters from their roster (i.e. Michael Hunter) and I don’t believe they have any events scheduled either.

DAZN are still covering the UK events though, but this may be because they’re mostly funded by Sky’s PPV revenue.

[Boxing Prospect]

Not related to boxing but DAZN JP just extended their J-League commitments to 2026 (from 2024), and restructured the deal (cheaper per year, but a 2 year extension and with a profit sharing agreement). They still don't have any live domestic Japanese boxing content.

[Enlightened-One]

Not related to boxing but DAZN JP just extended their J-League commitments to 2026 (from 2024), and restructured the deal (cheaper per year, but a 2 year extension and with a profit sharing agreement). They still don't have any live domestic Japanese boxing content.

Ten days ago, the media speculated that DAZN was considering raising revenue by selling its stake in the Japanese business.

If they indeed do plan to do this, it makes sense for them to attempt to retain its commercial value, by continuing investment in the short-term.

It’s a bit like someone paying to get their car valeted immediately prior to attempting to sell it.

[Boxing Prospect]

Not related to boxing but DAZN JP just extended their J-League commitments to 2026 (from 2024), and restructured the deal (cheaper per year, but a 2 year extension and with a profit sharing agreement). They still don't have any live domestic Japanese boxing content.

Ten days ago, the media speculated that DAZN was considering raising revenue by selling its stake in the Japanese business.

If they indeed do plan to do this, it makes sense for them to attempt to retain its commercial value, by continuing investment in the short-term.

It’s a bit like someone paying to get their car valeted immediately prior to attempting to sell it.

Given they already had the rights until 2024, does it make sense to extend them? Surely keep the deal in place, it's fairly mid-term anyway and gives them an asset. By extending it a potential buyer could be seeing it as a liability given it'll be a 5 season deal.

Seems to finally kill dead any idea of DAZN JP having any involvement in domestic Japanese boxing (which everyone who knew their scene said was never going to happen anyway).

[Enlightened-One]

Not related to boxing but DAZN JP just extended their J-League commitments to 2026 (from 2024), and restructured the deal (cheaper per year, but a 2 year extension and with a profit sharing agreement). They still don't have any live domestic Japanese boxing content.

Ten days ago, the media speculated that DAZN was considering raising revenue by selling its stake in the Japanese business.

If they indeed do plan to do this, it makes sense for them to attempt to retain its commercial value, by continuing investment in the short-term.

It’s a bit like someone paying to get their car valeted immediately prior to attempting to sell it.

Given they already had the rights until 2024, does it make sense to extend them? Surely keep the deal in place, it's fairly mid-term anyway and gives them an asset. By extending it a potential buyer could be seeing it as a liability given it'll be a 5 season deal.

Seems to finally kill dead any idea of DAZN JP having any involvement in domestic Japanese boxing (which everyone who knew their scene said was never going to happen anyway).

Honesty, I don’t know.

Perhaps they’re covering all their bases.

If DAZN are successful in raising $1 billion, then their business can keep trading, with the J-League deal costing less per year to maintain.

If they aren’t, the renegotiated terms of their J-League deal, makes the business more attractive to potential buyers (assuming DAZN are eventually compelled to sell its stake in the Japanese territory).

DAZN do need to raise an awful lot of money though, but which is something that has been heavily-publicised.

And it’s not unheard of for failing businesses continue investing money in order to attempt to save it.

[Onetimeonly]

I'd guess they're looking at ways to use covid to get out of the massive loser here in the States. They renewed my subscription.

[Enlightened-One]

"DAZN Group Sells Perform To Focus On Sports Streaming Service"

A new merger between US-based sports, data and technology company STATS and the DAZN Group’s sports content company, Perform, will help DAZN focus on the global expansion of their OTT sports platform.

Texas-based private equity and venture capital firm, Vista Equity Partners, is responsible for the deal which sees DAZN receive a combination of cash and a minority stake in the newly-merged company.

DAZN is selling off assets to help fund their streaming service. Hopefully, that'll keep them in business and allow them to have sufficient cash to fund their boxing events,

[Ruthless-RKO]

"DAZN Group Sells Perform To Focus On Sports Streaming Service"

A new merger between US-based sports, data and technology company STATS and the DAZN Group’s sports content company, Perform, will help DAZN focus on the global expansion of their OTT sports platform.

Texas-based private equity and venture capital firm, Vista Equity Partners, is responsible for the deal which sees DAZN receive a combination of cash and a minority stake in the newly-merged company.

DAZN is selling off assets to help fund their streaming service. Hopefully, that'll keep them in business and allow them to have sufficient cash to fund their boxing events,

Eh? I thought Perform owned DAZN?

[tennessee]

I have actually been watching Caribbean cricket matches on dazn. Just cant figure out how to play yet. Anyway,

[Thomastearns]

Turning boxing into a readily saleable commodity is going to be one long winded headache for whoever is daring enough to try.

I suggest DAZN ignore all of the current beltholders/promoters and sanctioning bodies and start their own competitions. They set the dates, the times and the venues.

This way the boxing fans get a timetable just as all the other sporting fans do.

Let the boxers all come to DAZN and fight in their competitions and not the other half assed way around.

The one's who are willing to come and fight can get paid, and the prima donnas can watch safely from home along with the rest of us.

Boxing doesn't need them.

[margaret thatcher]

Jesse Vargas

These dudes seriously paid him millions per fight, like wtf! Jesse f@cking Vargas? It's like they wanted to blow money

[oogiebe]

Talk is that there are discussions to go IPO.

[margaret thatcher]

What does that mean

[oogiebe]

What does that mean

Stock market. Initial Public Offering. Taking a company puplic to raise funds. I'm not a buyer! lol

[margaret thatcher]

Ah, got it

[lazboy]

Jesse Vargas

These dudes seriously paid him millions per fight, like wtf! Jesse f@cking Vargas? It's like they wanted to blow money

Lol, it's pretty funny man. Everytime DAZN is mentioned I'll be sure to bring it up.

[lazboy]

What does that mean

Stock market. Initial Public Offering. Taking a company puplic to raise funds. I'm not a buyer! lol

I haven't done any research, in terms of how much he's already put in, but the founder is a billionaire I believe and it's a concern when a billionaire won't put any more of his money into his company lol.

[Rgoodwin]

They have no fights scheduled. None.

[lazboy]

They have no fights scheduled. None.

It’s a terrible sign.

[Enlightened-One]

That’s not entirely true.

The sport of boxing traditionally takes a summer break, with the boxing content providers usually announcing their entire fight schedule in one go.

We already know that DAZN will cover the following bouts (assuming they remain in business):

• Lee Selby vs. George Kambosos Jr. (October 3rd)
• Lewis Ritson vs. Miguel Vazquez (October 17th)
• Ryan Garcia vs. Luke Campbell. (November)
• Dereck Chisora vs. Oleksandr Usyk (TBA)
• Anthony Joshua vs. Kubrat Pulev (TBA)

And it pretty certain that DAZN will cover any events funded by Sky Sports, because they have an agreement in place to share boxing content.

So we’ll know more about this when Sky Sports announces their own boxing schedule.

The point you’ve raised is perfectly valid though.

The official website of DAZN, Golden Boy and Matchroom US don’t have any events scheduled yet.

Admittedly, that doesn’t look good, considering ESPN+, CBS, Showtime, Fox etc. all have events scheduled until the remainder of the year.