Company Overview - Sir Leonard Blavatnik invested an additional $587 million into Dazn, bringing his total investment to over $7 billion since its launch nine years ago [1][2] - Dazn has been characterized as the "Netflix of sports" and has made significant investments in acquiring sports broadcasting rights, including boxing, basketball, and major European football matches [2][6] Financial Performance - Dazn reported a loss of $962 million in 2024, although this was an improvement from a loss of over $1.4 billion the previous year [3] - The company achieved an 11% increase in revenues, totaling $3.2 billion, attributed to subscriber growth and price increases [5] Strategic Moves - Dazn raised $1 billion by selling a roughly 5% stake to Surj, the sports arm of Saudi Arabia's public wealth fund [4] - The company has secured exclusive rights to the FIFA Club World Cup in a $1 billion deal and strengthened its control over domestic football rights, including Bundesliga and Ligue 1 [6] Expansion and Growth - Dazn expanded through acquisitions, including the $2.2 billion purchase of Australian pay-TV operator Foxtel from Rupert Murdoch's News Corp and Telstra [7] - The company aims to reach one billion global users and currently has around 20 million paying subscribers, streaming approximately 1.2 billion hours annually [7] Workforce Development - Dazn's staff numbers increased by 20% to over 3,100 as part of its expansion efforts [8] - The CEO, Shay Segev, received a pay increase of over 25%, bringing his total compensation to $5.2 million [8]