Billionaire Sir Leonard Blavatnik injects £630m to prop up Netflix-rival DAZN as losses mount

Billionaire Sir Leonard Blavatnik injects £630m to prop up Netflix-rival DAZN as losses mount

Billionaire Sir Leonard Blavatnik has injected a further $827m (£630m) into streaming giant DAZN in a bid to become a major rival to Netflix.

The businessman has now invested more than $6.7bn (£5.3bn) in the London-based sports streaming service, according to newly-filed accounts with Companies House.

DAZN is owned by Access Industries, a New York-based private holding company founded by Ukrainian-born Sir Leonard in 1986.

The company was created in 2007 following the merger of Premium TV Limited and Inform Group.

https://www.cityam.com/billionaire-sir-leonard-blavatnik-injects-630m-to-prop-up-netflix-rival-dazn-as-losses-mount/