Blavatnik’s DAZN ‘21 Loss Widens to $2.3 Billion; Op. Loss $1.36 Billion
- Streaming platform’s overall losses widened 79% from 2020
- Overall losses included $934.7 million of financing costs
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Losses at DAZN Group Ltd., the sports streaming platform backed by billionaire Len Blavatnik, swelled 79% to $2.3 billion in 2021 as it poured money into top soccer rights.
Rights costs at the London-based company, pronounced “da zone,” soared to $1.9 billion in 2021 from $1.2 billion the year before, according to accounts shared by the company with Bloomberg. In an interview, Chief Executive Officer Shay Segev pointed to the “massive investment” that year to acquire Italian and German soccer rights.