Where on earth is DAZN getting all this money from for contracts?

Discussion in 'World Boxing Forum' started by bruce_keyes, Mar 14, 2019.



  1. Davo

    Davo Boxing Addict Full Member

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    Why speculate when their parent company publishes its accounts? DAZN is losing money hand over fist and needs a meteoric spike in US subs if its gonna maintain this spending. That or a very understanding billionaire owner ;)
     
  2. Davo

    Davo Boxing Addict Full Member

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    We're talking about money here right? The point is DAZN isn't making any. It's losing it hand over fist.

    The business model you just described is 100% what PBC tried to do. SIgn up all the talent, get all eyes on their brand, then make a UFC type deal to sell up. Hasn't worked yet.
     
  3. Brighton bomber

    Brighton bomber Obsessed with Boxing Full Member

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    I doubt it's all his money being put at risk here, he's bound to have had investors, much like Haymon did with PBC, you don't put your own money up for risk you get investors to spread the risk.
     
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  4. Vykus

    Vykus ɹoolɟ ǝɥʇ ɯoɹɟ ʍǝᴉʌ ǝɥʇ Full Member

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    Lol, its not speculating Davo, its a fact. DAZN are making big money based on their business model. If the were losing money they wouldnt be throwing 100m at Wilder and opening up shop in Spain and Brazil. I love how ESB has so many business majors who are apparently smarter than the worlds billionares.
     
  5. tealt

    tealt Member Full Member

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    PBC is also still very young. The main guy behind DAZN is a self made billionaire. And we are going to question how he invests his money? lol. I say enjoy our 10 dollar a month DAZN subscription if you have it and watch great fights. Thanks god for billionaires.
     
  6. Brighton bomber

    Brighton bomber Obsessed with Boxing Full Member

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    True it's losing money but so do many businesses when they start. Look at Tesla they've never made a profit yet people keep investing in the company, Musk doesn't lack for investors or government funding.

    Yes it's similar to the PBC model but the difference here is economies of scale and approach, PBC spent a lot but much of it was on buying airtime from networks at the start. DAZN doesn't need the networks they air the content themselves and so can spend more money on securing fighters to add content and the money they are spending on fighters will dwarf what PBC were willing to pay.

    Not sure if DAZN will succeed in what they are doing I think it will come down to if they can secure the rights to the other major sports in the US. Boxing was just the quickest way to get a foothold in to US sports. Whether they dominate boxing or not that's not where true success will come.
     
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  7. Davo

    Davo Boxing Addict Full Member

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    PBC may have bought the network time, but they had millions of veiwers from Day 1 and all the ad revenue and sponsorships that go with that. Plus PBC owns the promotion so they got all the revenue from the event itself. PBC is obviously still doing well but it's nowhere near the monopoly it set out to be.

    By all accounts DAZN's US subscription numbers are awful at this point but they'll definitely pick up with all the HBO talent they've scooped up. Personally I don't see how they're going to usurp ESPN+/Top Rank or PBC/Showtime/Fox any time soon, but I hope they thrive and keep ploughing money into boxing.
     
  8. GALVATRON

    GALVATRON Boxing Addict Full Member

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    What ? Corrupt billionabill worth ?

    Are you purposely trying to.look stupid again on here.

    You have zero business logic and have no clue what your talking about , it's like conversing with an ant .

    Posters other then myself have explained to you how DAZN business machine is functioning , now go run along and play tag with your friends or something you obviously Wrentham adult , ARE you ? :eek:
     
  9. Gymbot

    Gymbot Active Member Full Member

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    Yet you don't understand the simple difference between spending and making money. I suggest you learn to read a set of accounts.
     
  10. Holler

    Holler Doesn't appear to be a paid matchroom PR shill Full Member

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    I'm sure they're losing money in most of the markets they're operating in and I'm sure their business plan expected them to. They're running a business that's only profitable once it achieves scale and that won't happen for a long time yet.

    Where is the money coming from? It's coming from investors who see the end of the current broadcast landscape and the birth of a new one. They're speculating on being one of the winners at the end of that process and to do so they're going to be spending big money for a long time to come.

    If their bet works out they will be helming one of the most lucrative businesses of the 21st century and the likes of Showtime and maybe Sky TV too will be long forgotten behemoths of a past era. If they fail, well a lot of boxers will have made good money!
     
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  11. Gymbot

    Gymbot Active Member Full Member

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    Davo is correct. "Zero business logic" - what does that make you then? The DAZN business machine is functioning on huge equity investment and debt, not profit. Do you understand the difference? That's in black and white in their filed company accounts which you clearly haven't read.

    Edit: Accounts can be found here...
    This content is protected
     
    Last edited: Mar 15, 2019
  12. Vykus

    Vykus ɹoolɟ ǝɥʇ ɯoɹɟ ʍǝᴉʌ ǝɥʇ Full Member

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    Hence, 'business model'. Feel free to inform me of any business throughout human history that has ever made money without investing money and time first. Now imagine how much time and money goes into a business of a global scale. DAZN is what, 3 years old? Like I said, geniuses here smarter than billionaires.
     
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  13. GALVATRON

    GALVATRON Boxing Addict Full Member

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    DAZN has income from other sports in other countries so no he's not.
    You posted some gibberish link which says ZERO ?

    This doesnt make you smart ,you actually have to know what you're talking about .


    If what you are trying to CLAIM ( what you are is false) then DAZN would be in need of commercials.

    It doesn't have them.

    You know why? They are a SELF sufficient company that enables them to spend millions more not having them and advertises the sports or any other thing in THAT company in place of the commercials. They couldnt do this if they were in DEBT or in fear of going under ????? smh


    You ATTEMPTED a specific link which means zero how they get income coming in ...

    Heres the company behind Perform Group ...you know the one you say is going bankrupt and what they own.

    Access Industries, Inc. is an industrial conglomerate that operates in natural resources and chemicals, media and telecommunications, technology and e-commerce, and real estate sectors worldwide. It manufactures cement and paper products; provides logistics services; retails fashion products; develops drugs; produces domestic oil and natural gas, as well as polymers, petrochemicals, and fuels; operates conversion refineries; produces aluminum; engages in the production, financing, sale, and distribution of films; provides mobile broadband Internet access, VoIP telephony, and machine-to-machine solutions for consumers and businesses; and produces television series. The company also provides digital music streaming services; engages in the commercialization of sports and entertainment rights online, on mobile, and on television; operates television channels; provides music services; operates CrowdSurge, a white-label concert and event ticketing platform that enables performers to run their own data-rich marketing campaigns and sell tickets directly to their fans through their own channels; builds Internet-based e-commerce, marketplace, and financial technology ventures; operates distributed artificial intelligence; provides a mobile messaging service; and offers ready-to-wear clothing, handbags, shoes, and jewelry. In addition, it operates an e-commerce marketplace that enables rural retail outlets to modernize and enhance services by providing shopkeepers with retail and sales automation; sells home décor, furnishing, and fashion products online; develops residential properties; operates a hotel; and develops and operates destination resorts, casinos, and hotels, as well as manages properties. Access Industries Inc. was incorporated in 1986 and is based in New York, New York, with additional offices in London, United Kingdom; and Moscow, Russia.


    By 2021 they will get the mainstream U.S sports as well when they can. No major players are going to go into a company that you CLAIM is in debt trouble ?

    I just have one question for you.

    Are you a Wilder fan ,if so you need to run off this thread ,it requires knowledge and facts not links with some cryptic letters and numbers? :bash:
     
    Last edited: Mar 15, 2019
  14. Gymbot

    Gymbot Active Member Full Member

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    You seem confused. DAZN isn't making money. Investment doesn't guarantee that you will make money. It's quite simple really. I only deal in facts not speculation. Nobody is saying it won't make money ever. It says in black and white in its own accounts that is requires further funding to succeed. That means it is not self-sufficient and entirely reliant on outside investment/borrowing.
     
  15. Gymbot

    Gymbot Active Member Full Member

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    You're out of your depth son. Access Industries is the largest shareholder in Perform Group, nothing more nothing less. Of course they want to see their investment succeed and provide a return, but they aren't a bottomless pit of cash. It says in black and white in the accounts... Read the "Going Concern" section of the company accounts I linked to. It says they are not self sufficient and entirely reliant on outside investment/borrowing.

    If the link doesn't work, I'm sure you're smart enough to find the accounts yourself. Access Industries have no legal obligation to Perform Group to provide unlimited funding. They can pull the plug at any time.

    They are the consolidated accounts for all operations and subsidiaries. I trust you understand what that means.

    And yes they ARE in debt you total moron. They have over £750m of external borrowing. They have net liabilities of over £500m. They would go bust without external support. They are technically insolvent and loss-making.

    No I'm not a Wilder fan. I have no agenda other than relevant experience in this area.
     
    Last edited: Mar 15, 2019

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