Viaplay Group postpones the publication of third-quarter results of 2023

Viaplay Group announced today that the Board of Directors has decided to postpone the publication of the results of the third quarter of 2023. This is pending the completion of ongoing discussions with three of the company’s largest shareholders, and with lenders and bondholders regarding the possible recapitalization of the company. The Group as well as ongoing discussions regarding the potential sale of non-core international operations of the Group and regarding potential partnerships in several markets. The results for the third quarter of 2023 were scheduled to be published tomorrow, Tuesday, October 24, and will now be published by Wednesday, November 29. The exact time will be informed later.

In July, the Viaplay Group presented a new strategy and plan that included, among other things, a focus on the core businesses in the Nordics, the Netherlands and Viaplay Select; Implementing a new operating model; downsizing, entering into partnerships or leaving other international markets of the Group; Adapt and modify the prices of products offered in the Nordic countries; Comprehensive cost reduction programme; An immediate strategic review aims to evaluate all possibilities, such as further licensing of content, disposal of assets, new release, refinancing of loans or sale of the entire group.

The group has already reduced staff by more than 30% since July, closed a number of original productions and renegotiated a number of distribution agreements. The group has also entered into an innovative new partnership with Formula 1 in the Netherlands, where Viaplay will be launched in 2022.

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Information for the editor

Viaplay Group AB (publ) is an international entertainment provider. Our Viaplay streaming service is available on a direct-to-consumer basis in all the Nordics, Baltics, Poland, Netherlands, UK, USA and Canada. Every day we entertain millions of customers with our unique content offering, which includes the popular Viaplay series, movies and more, as well as a unique collection of premium live sports. Additionally, Viaplay’s storytelling will be available to partners around the world through the innovative Viaplay Select-branded content concept. From live broadcasts to TV channels, radio stations and production companies, our goal is to tell stories, touch people and broaden perspectives. Viaplay Group is listed on Nasdaq Stockholm (“VPLAY B”).

The information has been provided by the contact specified below for publication on 23 October 2023 at the following address: 22:15 CET.

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