
Serie A Signed a new TV Broadcasting deal with streaming platform DAZN. Italian League Serie A deal with DAZN is worth €850 million per season. Serie A clubs approve DAZN’s €2.5bn media rights offer. With the deal, the Streaming service ousts Sky as the Italian Football league’s (Serie A) main domestic broadcast partner.
Key takeaways:
- Serie A deal with Dazn Contract includes exclusive rights for seven out of ten fixtures per match day until 2024.
- 16 of Serie A’s 20 clubs vote in favor of DAZN’s €850m per season offer
- The Combine Worth of the deal is €2.5bn for three years.
- League will now enter talks with Sky over a non-exclusive rights package, reports Reuters.
Serie A deal with Dazn
Sporting Streaming Service DAZN signed a TV broadcasting Deal with Serie A. With this DAZN has secured one of its biggest rights deals As clubs in Serie A voted to award the company a domestic contract worth more than €2.5 billion over a three-year deal.
The deal, which runs for the next three seasons, covers all Serie A matches between 2021 and 2024. It also includes exclusive rights for seven out of ten fixtures per match day.
Let’s take the financial details behind the deal:
CONTRACT | DETAILS |
---|---|
Duration | Three years Deal ( 2021 Until 2024 season) |
Yearly payments | €850 million a year |
Total payment over the years | €2.5 Billion |
Any clauses? | Serie A Deal With DAZn includes exclusive rights for seven out of ten fixtures per match day. |
DAZN Striped Sky Italia in order to get the TV rights deals. Sky Italia offered €2.25 billion to air coverage of matches across its TV and digital services. However, Their bid was rejected as the DAZN offered €2.5 Billion to air coverage of matches across its TV and digital services.
DAZN’s bid equates to roughly €850 million per season, and it’s due to expire on 29th March. However, 16 of Serie A’s 20 clubs voted in favor of accepting the offer during a virtual meeting.
In a previous vote, nine clubs had abstained from approving the deal, which has been backed by Italian telecoms operator TIM to the tune of €1 billion.
Content distribution and technical support contract agreed between DAZN and TIM. The Contract will see the latter stump up around €340 million a year, equating to about 40% of the total rights fee.
DAZN Plan For the Matches
As per the service, DAZN plans to make Serie A matches available on its over-the-top (OTT) subscription platform and via its branded linear network carried by TIM and Vodafone, as well as Sky’s sports packages.
Under Serie A’s existing three-year domestic contract, which expires at the end of the current campaign, the league receives €973 million per year from DAZN and Sky, the latter of which has the bulk of the matches.
Serie A had been hoping to achieve an 18% uplift on its current €973 million per year deals, but none of the bidders reached the €1.15 billion per season minimum being sought.