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NENT Group completed the sale of 12 production companies to Fremantle

NENT Group completed the sale of 12 production companies to Fremantle

Nordic Entertainment Group (NENT Group), one of the world’s fastest growing live broadcasting companies, has completed the sale of 12 production companies to Fremantle. The sale completes the planned imagination of the NENT group of studio assets. The company’s remaining studio operations, which were recently reorganized and restructured Viplay Studios, focused on delivering original content to the NENT Viaplay group’s streaming service. Viaplay will be available in at least 16 countries by the end of 2023.

Agreement with Fremantle It was announced in July It covers 12 production companies in four Nordic countries in reality and documentaries, based on text and factual content: Strong Productions (Denmark); Grillifilms, Moskito Television and Production House (Finland); Monster, November Movie, One Big Happy Family, Playroom, Rocket TV and Strix (Norway); Paloba TV and Strix (Sweden).

Fremantle is one of the world’s largest creators, producers and distributors in the three content areas of entertainment, drama, film and documentaries. With a presence in 26 markets, Fremantle’s original programming includes more than 12,700 hours and the company distributes more than 30,000 hours of content in more than 180 markets.

Gabriel Katerina, Executive Vice President of NENT Group and Chief Financial Officer: “This agreement with Fremantle ensures a good home for these companies and we wish them all the best. We have completed the liquidation of all studio assets we had planned. Viaplay Studios, but their impressive slate of upcoming productions, will play a key role in driving Viaplay’s growth in our northern and international markets over the coming years.”

The sale was approved by the competent authorities. The transaction will result in a net positive cash flow impact of approximately SEK 410 million, with a negative impact on earnings from discontinued operations, which is reported as an item affecting comparability of approximately SEK 40 million, including transaction costs. The result will be included in NENT Group’s third-quarter financial results, which will be presented on October 26.

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Sale of the UK distribution business of NENT Group (formerly DRG) to All3Media completed in june; Sell ​​Splay One to Caybon I’m April; Strix Benelux was sold to Monday Media in December 2020.

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Information to the editorial office

Nordic Entertainment Group AB (publ) live streaming service is located in Sweden, Denmark, Norway, Finland, Iceland, Estonia, Latvia, Lithuania and Poland. Viaplay will be launched in the USA in 2021 and in the Netherlands and UK in 2022, with launches in Canada, Germany, Austria and Switzerland until the end of 2023. We operate broadcast services, TV channels, radio stations and production companies where the purpose is to tell stories and connect with people. and expand the perspective. With headquarters in Stockholm and a global perspective, the NENT Group is listed on Nasdaq Stockholm (“NENT B”).

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[email protected] (Nicholas Smith, Senior Communications Manager: +46 73699 2695)
[email protected] (Elier Matthew Hooper, CEO, Corporate Affairs: +44 7768440414)

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