Streaming service, Eleven Sports, is reportedly at risk of closure in the UK after just four months due to ‘poor distribution and growing losses’.
The streaming service currently holds the broadcasting rights for La Liga and Serie A and were due to begin exclusively streaming UFC fights in Ireland and the UK from January 2019, however, the promotional company has since backed out of the deal, leaving the broadcasters at risk of losing the UK market, according to the Telegraph.
That deal rested on Eleven Sports gaining a place on the channels of existing pay-TV distributors like Sky, Virgin or BT but it has failed to do so after talks with Virgin broke down.
The broadcaster which is controlled by Leeds United owner, Andrea Radrizzani, charges a subscription fee of £5.99 per month.
However, according to the paper, only 50,000 subscriptions have been bought since August, generating a monthly income of less than £300,000.
An Eleven Sports spokesman said: “Without carriage agreements with the existing platforms, alongside the challenges posed by rampant piracy, the current market dynamics in the UK and Ireland are very hostile for new entrants.
“We are in discussions with our rights partners, La Liga and IMG, about how we can restructure our existing agreements in order to continue our current OTT [streaming] service.”
UFC have been holding emergency talks with current partners, BT Sport, to continue their coverage of events.