Thread: The future of television
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Old 13-01-2023, 12:30   #679
1andrew1
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Re: The future of television
Quote:
Originally Posted by jfman View Post
“Deep pockets” DAZN have burned through another $2bn in losses in their latest financials.

https://www.cityam.com/dazn-sports-b...evenue-rising/

For every dollar they earn they are spending two.
Whilst it is hard to make money in sports TV unless you are using it as a loss-leader to sell something else (eg BT Sport was loss-making) these losses are on another scale!

Three red flags in particular:
- Postponement of IPO.
- Having to still pay compenation for poor user experience in Italy.
- The comments from the new Chief Executive
Quote:
“It’s clearly not great to lose $1.3bn. But on the other hand, it’s a journey,” DAZN Group chief executive Shay Segev told SportBusiness. “This is probably one of the necessary milestones on this journey. “I arrived after billions had already been invested in DAZN, and there is already an established infrastructure that will allow the business to go to its next phase. This money has gone toward a good purpose: to build the platform we currently have.”
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