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DAZN puts IPO on the table

April 9, 2021 11.51 Europe/London By Julian Clover

Len Blavatnik’s DAZN is once again considering the possibility of an IPO.

The self-styled Netflix of Sports launched in Germany and Japan in 2016 before rolling out its mix of live and on demand content to 200 countries last December.

“If circumstances were right, I can see us tapping the public capital markets or the private capital markets over the next few years,” co-CEO James Rushton told Reuters, giving the first public indication the company could seek and IPO.

Most recently the prospect of an IPO had been raised in a Bloomberg report, published last Summer, but this is the first time a senior executive has commented publicly on the matter.

However, Rushton added that DAZN’s relationship with Blavatnik’s Access Industries meant going to the markets was not a necessity.

Last month DAZN acquired the rights to broadcast Serie A in Italy, becoming the lead broadcaster for the competition.

Rushton said DAZN would evaluate Premier League rights in the UK when the next tender was released and would look for opportunities in other markets.

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Filed Under: Editor's Choice, Newsline, TV Edited: 12 April 2021 13:05

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on X @julianclover, or by email at jclover@broadbandtvnews.com.

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