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$9.99 -0.1  -1.3%

Last Trade - 12/04/21

Sector
Financials
Size
Mid Cap
Market Cap £507.6m
Enterprise Value £506.5m
Revenue £n/a
Position in Universe 3199th / 6825

Soccer-Sky says TIM-DAZN Serie A accord may harm competition

Thu 25th February, 2021 6:23pm
MILAN, Feb 25 (Reuters) - Sky expressed concerns in a letter
to Italy's top soccer league on Thursday that an accord between
Telecom Italia  TLIT.MI  and DAZN Group over potential rights to
screen Serie A matches for the next three seasons may harm
competition.
    Sports streaming service DAZN and pay-TV provider SKY are
vying to win Serie A rights for the next three seasons, with
DAZN leading the race, sources have said.
    Sources said earlier this week Telecom Italia (TIM) had
agreed to team up with DAZN were the streaming app to secure the
rights.  urn:newsml:reuters.com:*:nL1N2KS221
    TIM will cover more than 40% of yearly payments for the
rights, in addition to providing commercial and technological
support, the sources said. 
    TIM confirmed it had agreed to extend its existing
distribution accord with DAZN and amend its financial terms to
become its main pay-TV partner in Italy if DAZN won the Serie A
tender.
    Sky objected to TIM receiving preferential treatment in
distributing DAZN's content despite the fact TIM is the
incumbent in the Italian market, especially for broadband
services.
    "Such a distribution accord may potentially generate
competition issues," Sky said in a letter of which Reuters
obtained a copy.
    "In the interest of millions of Italian football fans, we
believe it's extremely important Serie A matches are distributed
across all platforms and the broadest number of devices
possible," it added.    
    Telecom Italia and Serie A declined to comment.    
    DAZN was not immediately available for a comment.

 (Reporting by Elvira Pollina, writing by Valentina Za; editing
by Alexandra Hudson)
 ((valentina.za@thomsonreuters.com; +39 02 6612 9526;))
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