In addition, while Matchroom will stage fights in the usual boxing venues in cities such as Las Vegas, New York and Los Angeles, Hearn spoke of his interest in bringing the sport to various other American cities such as Chicago, Minnesota and Miami among others.
As well as the fights themselves there will be exclusive interviews, blogs and podcasts made available across all Sky Sports platforms.
"We were risky without a platform, without money, but with this deal, with a platform and the money, oh my God, we're going to be causing nightmares in the promotional game over here", Hearn said.
Denyer, added: "I'm excited about working with Matchroom; we share the same passion and vision for reigniting boxing in the U.S. and it's time for DAZN to provide an exciting new platform for these great events". The news comes just days after Perform Group named former ESPN President John Skipper as its Executive Chairman.
Thursday's event was organized to tout the financial investment that would help Hearn attract boxers and make a statement.
DAZN, who are hoping to emerge as "the Netflix of sport", already operate in Canada, Japan, Germany, Austria and Switzerland but they have huge plans to take over America.
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Eddie Hearn, managing director of Matchroom Boxing, pledged to use the windfall to build a stable of elite U.S. boxers to fill the schedules.
"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", Hearn said.
"We need to get this out there because I am so excited to shake up the world of boxing in America. It's a better deal for everyone - especially fight fans". Fight nights will begin at 6pm USA time so events held on the east coast will kick-off at 11pm in the UK.
"This is an historic moment for Matchroom and the world of boxing", he said.
The two British businesses, which have worked closely together for over 10 years, are partnering on this joint venture to be the change the United States boxing world needs.
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. In addition to the 16 fights produced domestically each year, DAZN will also show 16 British fight nights and a smattering of other global matches.