Telecom Italia, DAZN agree new soccer streaming deal - sources

Telecom Italia, DAZN agree new sports streaming deal – sources

MILAN, Dec 27 (Reuters) – Telecom Italia (TIM) (TLIT.MI) has renewed a deal with sports streaming service DAZN to continue giving Italy’s top Serie A soccer league matches over the next five seasons, two sources said on Wednesday.

Under the new deal, TIM will pay some 43-46 million euros ($47.52-50.83 million) per year to keep showing Serie A games on its video content platform TimVision via DAZN, the sources said.

DAZN has recently won the rights to screen all of Serie A games in Italy until the 2028/2029 season for about 700 million euros per year.

The renewal of the TIM-DAZN agreement, which was signed last week, was first reported by Italian daily Corriere della Sera.

Both companies refused to comment.

TIM and DAZN sealed an exclusive distribution partnership over Serie A in 2021, when they agreed a three-year deal allegedly worth 340 million euros per year.

That deal, which will end in June, was restructured in 2022 to become a non-exclusive partnership, after the former phone monopoly was hit by a string of profit warnings, partly linked to the cost of the contract with DAZN.

Leave a Comment

Your email address will not be published. Required fields are marked *