DAZN will also be the exclusive U.S. broadcast partner for Matchroom's existing 16 fight nights in the UK.
Matchroom will also offer a different type of fan experience: Its 16 US fights per year will never be on pay-per-view and the undercard will be filled with a long list of fights, a strategy the company uses in the United Kingdom which makes live attendance more appealing.
Perform Group, meanwhile, has three main businesses-a content group that buys and distributes data and media rights, a media group that operates websites like Goal.com and SportingNews.com and DAZN, which bills itself as the Netflix of live sports. None of the fight nights will be on PPV, all will be available for one monthly fee and no long term contract.
Hearn said: 'There will be no pay-per-view on this channel, this is one of the models behind this. As it prepares to bring DAZN to America, Perform this week named former ESPN President John Skipper its new executive chairman.
Thursday's event was organized to tout the financial investment that would help Hearn attract boxers and make a statement.
DAZN, little known in Europe outside the industry, has worked closely with Matchroom for more than 10 years, mainly in Japan, Germany and Canada. Matchroom is Hearn's company and it's clear he's making it a major player in U.S. boxing.
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"This is a brand-new era for boxing in the U.S.", Hearn said during a news conference in the Rainbow Room's loft, adding: "We are going to upset a lot of people, but it's going to be a great journey".
"This is a dream scenario for us, we can build a formidable team of fighters and also put our stamp on events from production to talent to in-arena experience".
The new agreement means that, in addition to the best of British boxing, Sky Sports viewers will enjoy fights from some of the biggest names in boxing from some of the most iconic venues across America, with more access to fighters, exclusive interviews, blogs and podcasts, available across all Sky Sports platforms.
"America - we have well and truly arrived, let the fun begin!"
Of the 16 cards to be produced Hearn promises 12 of them will be top of the line shows and 4 will be "absolute monsters".
Exciting twin brothers Jermell and Jermall Charlo have already been linked with a move to Matchroom while welterweight world champion Keith Thurman is also on Hearn's hitlist.
The deal follows a hugely successful year of boxing on Sky Sports, which has seen Anthony Joshua become a unified heavyweight world champion, Tony Bellew defeat David Haye for a second time, and the return of Amir Khan.
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