Global over-the-top sports (OTT) subscription video streaming service DAZN is reportedly on the verge of reaching a deal to buy BT’s sport business.
If the reports come true, DAZN, the sports streaming service owned by billionaire Len Blavatnik, will gain several sports content including English Premier League (EPL), a Financial Times (FT) reports said on Tuesday.
According to the report, an agreement could be struck between the two parties in coming weeks however, uncertainty relating to price and licensing agreement are yet to be finalised.
The development comes after DAZN Group chairman Kevin Mayer, speaking at the Royal Television Society Convention, had said that the company was open to investing in both BT Sport and acquiring Premier League rights.
“We’re not trying to stir the pot we’re just trying to get the rights that matter. I would love to see the Premier League on DAZN in the future. It’s a huge market, incredibly popular sport, high quality experience, of course we’d want that,” Mayer had said.
“We would love to have EPL ultimately, how we get there, there are many paths to get there,” he said. “I’m philosophical about it, whatever makes most sense. BT Sport is a great business,” he had added.
However, both the sides — BT and DAZN — have declined to comment on the development.
Earlier in March this year, DAZN had acquired the right to screen all Serie A soccer matches in Italy for the next three seasons for 2.5 billion euros.