DAZN Group, the sports subscription and distribution company, is looking to raise new investment of as much as $1 billion. It is reportedly consulting advisors on options including selling assets and an IPO.

This is not the first time that the media company has sought investment. Fund raising efforts for $500 million were first reported in May as the cost of postponed sport leagues set in.

Bloomberg reports the need for funding comes as DAZN is on the verge of launching its new global service and is “committed” to adding more live sports and sports content to the service from early next year.

James Rushton, DAZN Group’s acting chief executive, has said that the paying subscriber base is on track to be “fully recovered to pre-Covid levels” by the fourth quarter of this year.

Other posts by :

1. Major banks support AST SpaceMobile
2. Fitch downgrades DirecTV debt
3. BBC: You’ll miss me when I’m gone
4. Some new US Starlink subs face $1,000 start-up fee
5. Project Kuiper beating OneWeb
6. OQ Tech gets Luxembourg 5G-by-Sat concession
7. Roskosmos: Heads roll, launch project scrapped
8. MDA under pressure over satellite order
9. SES backs C-band action from FCC

Categories: Articles, Business, Funding, IPO, OTT, Pay TV

Tags: dazn, IPO, james rushton