Nordic Entertainment Group (NENT Group) has sold British content distribution company NENT Studio (formerly DRG) to All3Media. The sale is in line with the NENT Group’s previously stated ambition to focus NENT Studios on text-based content for its Viaplay streaming service, which will be available in at least 15 countries by 2023.
The UK distributor NENT Studio currently distributes more than 10,000 hours of content including high-profile titles such as “Doc Martin”, “The Cry”, “Yorkshire Vet” and “Don’t Tell the Bride”, and develops products Authentic like “near me”.
All3Media is an international television, film and digital production and distribution company consisting of more than 40 companies in the United Kingdom, Europe, the Asia Pacific region and the United States.
Gabriel Katrina, Executive Vice President of the NENT Group and Chief Financial Officer: “All3Media’s position as a global distributor and narrator makes the company an ideal home for distribution operations at NENT Studio in the UK. This agreement, as well as continued sales to production companies in Nordic countries in fact, and documentaries are aligned with this agreement. , branded entertainment and event production, with NENT Group’s strategy to focus on text-based content for our rapidly growing streaming service Viaplay, which will be available in at least 15 countries by 2023.”
under 2020 The NENT Group has announced its intention to reorganize NENT Studios to focus on the text-based production of Viaplay, selling NENT Studios’ real-life production companies, documentaries, branded entertainment and event production.
Financial details of the UK distribution sale to NENT Studio were not disclosed. NENT Group maintains its stake in its jointly owned production company in the United Kingdom with FilmNation Entertainment.
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Nordic Entertainment Group AB’ (Public) (NENT Group) live streaming service is available in every Nordic country and in Estonia, Latvia and Lithuania. Viaplay will be launched in Poland and the USA in 2021 and in the Netherlands in 2022, with a further launch in four markets until 2023. We operate broadcast services, TV channels, radio stations and production companies where our goal is to tell stories, connect with people and expand horizons. With headquarters in Stockholm and a global perspective, the NENT Group is listed on Nasdaq Stockholm (“NENT A” and “NENT B”).
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