MILAN (Reuters) – Telecom Italia (TIM) has renewed a deal with sports streaming service DAZN to continue offering Italy’s top Serie A soccer league matches over the next five seasons, two sources said on Wednesday.
Under the new agreement, 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 secured 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 partnership, which was signed last week, was first reported by Italian daily Corriere della Sera.
Both companies declined to comment.
TIM and DAZN sealed an exclusive distribution partnership over Serie A in 2021, when they agreed a three-year deal reportedly worth 340 million euros per year.
That deal, which will expire 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.
($1 = 0.9050 euros)
(Reporting by Elvira Pollina, editing by Alvise Armellini and Jane Merriman)
