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DAZN secures billions of investors - what does that mean for fans?
DAZN is about to make an important deal with the Saudi State Fund PIF, which promises new financing options and content for subscribers.
DAZN secures billions of investors - what does that mean for fans?
A spectacular turn in the streaming business: The sports streaming service DAZN is about to make a significant deal with the Saudi Arabian State Fund Public Investment Fund (PIF). As Berlin Live , the PIF is expected to take over ten percent of the shares in DAZN and invest the enormous sum of one billion euros. These funds are urgently necessary because DAZN has suffered losses of around five billion euros in recent years and only wants to become profitable for the first time this year. This partnership will obviously deepen the existing connections between DAZN and Saudi Arabia, since the streaming service is already transferring numerous sports events from the kingdom, including the Saudi Pro League and various boxing matches.
But that's not all: the National League, England's fifth football league, has recently announced an exciting partnership with DAZN. According to York Press , the reporting on the National League from TNT Sports will switch to DAZN. This means that three games will benefit from expanded production this month. The first of these games is York City's opening game against Southend United, which will take place on August 10th. Fans can easily follow the games via the National League TV platform or directly via the DAZN ecosystem, which means that they have access to the games from a variety of devices, including smart TVs and game consoles.
The developments show a clear tendency: DAZN is working to further expand its offer and at the same time benefit from the financial support from the Saudi state fund. The streaming company not only positions itself as a leading provider in the area of live sports, but also drives its digital expansion to address a wider audience.
Berlin Live