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Nordic Entertainment Group

From Wikipedia, the free encyclopedia

Nordic Entertainment Group AB
TypePublicly traded Aktiebolag
Nasdaq StockholmNENT A,NENT B
IndustryMedia, Radio, Streaming, TV
FoundedJuly 1, 2018; 3 years ago (2018-07-01)
HeadquartersStockholm, Sweden
Key people
  • Anders Jensen (CEO)
  • Gabriel Catrina (CFO)
Brands
RevenueDecreaseSEK 12,003 billion (2020)
Increase SEK 3,186 billion (2020)
Increase SEK 2,226 billion (2020)
Total assetsIncrease SEK 15,949 billion (2020)
Total equityIncrease SEK 3,236 billion (2020)
Number of employees
1,708 (2020)
Website

Nordic Entertainment Group AB, also known as NENT Group is a Swedish media and entertainment company headquartered in Stockholm.

The company operates the video streaming services Viaplay and Viafree, advertising-funded TV and radio channels, the V pay-TV channels, as well as the studio production company Viaplay Studios. NENT Group was founded in 2018 as a spinoff from MTG. NENT Group's first day as a publicly traded company was on 28 March 2019 listed on the Stockholm Stock Exchange.[1]

History

In March 2018, the Stockholm-headquartered entertainment company Modern Times Group (MTG) initiated a process to split into two companies by spinning off its then Nordic Entertainment and MTG Studios business segments plus Splay Networks into a new company. This was initiated after Danish telecommunications operator TDC A/S, which had proposed to buy these assets a month earlier, was itself acquired by the Australian private equity investor Macquarie Group. Anders Jensen, MTG Executive Vice President and CEO of Nordic Entertainment, was named President and CEO of NENT Group.[2]

NENT Group began operating separately on July 1, 2018.[3] On 28 March 2019, shares in Nordic Entertainment Group started trading on Nasdaq Stockholm exchange.[4]

NENT Group took a stake in Erik Feig's Picturestart studio along with first look Nordic rights to its content at Picturestart's May 2019 launch.[5]

On 5 May 2020, Pay-TV satellite platform Viasat, which was previously owned by NENT Group, merged with Canal Digital to form Allente. The merger means that NENT Group and Telenor Group owns Allente TV 50% each, but it operates on its own as an independent company. Through the merger, NENT Group’s channels, including the V channels, were made available on Allente’s platform. NENT Group operated Pay-TV, the Viasat satellite platform in Scandinavia and offered both in-house and third party channels.

On April 13, 2021, the merger of Canal Digital and Viasat in Allente was completed.

On 16 September 2021, NENT Group announced the re-organisation of its studio operations, previously called NENT Studios, as Viaplay Studios. With Viaplay Studios, the company announced that the main focus of the studio operations onwards is content production for the Viaplay streaming platform.[6]

Company structure

Streaming services in the Nordics – Viaplay and Viafree

Nordic Entertainment Group operates the streaming service (SVOD) Viaplay, which launched as Viasat OnDemand in Sweden 2007, in 2011 it was rebranded Viaplay.[7]

Viafree is a free streaming service (AVOD) in Denmark, Finland, Norway and Sweden.[3] Viafree will be part of ViacomCBS in 2022.[8]

On 1 April 2020, Viaplay launched in Iceland, as the final Nordic market to launch the streaming service, making Viaplay available in all Nordic countries,[9] which was first announced in 2019.[10][11]

On 24 June, Viaplay's Finnish service merged with rival Elisa Viihde Aitio, owned by Elisa, to form Elisa Viihde Viaplay.[12]

Viaplay international expansion

At NENT Group’s Capital Markets Day in November 2020, the company presented its 5-year expansion plan, with targets of 10 added international markets by 2023 (to a total of 15 markets) and a total of 10.5 Million subscribers by 2025.[13][14] On the following year’s CMD, in 2021, NENT Group raised the targets to launching Viaplay on at least 16 markets by 2023 and had the subscription target raised to 12 Million subscribers by 2025.[15][16]

On 11 February 2021, NENT Group announced that the company had raised SEK 4.35 Billion to support the company’s vision of launching Viaplay on 10 markets by the end of 2023, in line with the communicated expansion plan which was announced on the company’s 2020 Capital Markets Day. Poland and the US were presented as two of the new markets, along with Estonia, Latvia and Lithuania that had already announced.[17][18][19]

On 9 March 2021, Viaplay launched in the Baltics, adding Estonia, Latvia and Lithuania.[20]

On 20 May 2021, NENT Group announced the launch of Viaplay in the Netherlands in the first quarter of 2022 with exclusive Formula One, Bundesliga and Professional Darts Corporation darting events rights.[21][22] Less than two months later, the company also announced that it had aqcuired the rights to the English Premier League in the Netherlands.[23]

On 3 August 2021, NENT Group launched Viaplay in Poland with premium sports rights, and announced the three first Viaplay Originals’ productions in Polish – Polish Murderesses, Black Dog and Freedom of the Swallow.[24][25]

On 22 September 2021, Nordic Entertainment Group announced that Viaplay will launch in at least 16 markets by end of 2023, including the UK in the second half of 2022, and Canada, Germany, Austria and Switzerland in 2023.[26]

Advertising funded television (Free-TV)

Nordic Entertainment Group operates advertising funded channels in Scandinavia. Typically, the portfolio structure for these channels is one primary channel (TV3), and then secondary channels (TV6, TV3+ etc...) These channels generate primarily advertising revenues, and are classified as free-TV, but a majority of the Scandinavian free-TV channels are encrypted and subject to decoding fees.

Networks[3]

Channel type Sweden Norway Denmark
General TV3 Sweden TV3 Norway TV3 Denmark
General secondary TV6 Sweden (Free) V4 TV3+ Denmark
Supplementary TV8
TV10
TV6 Norway TV3 Puls
TV3 Max
TV3 Sport

Pay television

TV services

Nordic Entertainment Group operates the Viasat satellite platform[3] in the Scandinavia, offering both in-house and third party channels. On April 13, 2021, the merger of Canal Digital and Viasat in Allente was completed.

The sports channels available in the different Scandinavian countries differ somewhat depending on different rights held for different markets and different business agreements.

Scandinavia

The following channels are available in all Scandinavian countries:

These channels are only available in Sweden:

These channels are only available in Norway:

These channels are available in Finland:

Radio

NENT Group owns several radio networks and stations in Sweden and Norway:

  • Rix FM, national network in Sweden (FM & DAB+)
  • Star FM, national network in Sweden (FM & DAB+)
  • Bandit Rock, station in Stockholm and Uppsala (FM & DAB+)
  • Power Hit Radio, station in Stockholm (FM & DAB+)
  • I Like Radio, streaming service in Sweden (Internet)[3]
  • P4 Radio Hele Norge, national network in Norway (DAB+)
  • P5 Hits, national network in Norway (DAB+)
  • P6 Rock, national network in Norway (DAB+)
  • P7 Klem, national network in Norway (DAB+)
  • P8 Pop, national network in Norway (DAB+)
  • P9 Retro, national network in Norway (DAB+)
  • P10 Country, national network in Norway (DAB+)
  • NRJ Norway, national network in Norway (DAB+)

Viaplay Studios[27]

Viaplay Studios consists of the following companies as of 30 September 2021:[28] [29]

  • Viaplay Studios Sweden (formed from merger of Brain Academy and Nice Drama)[27]
  • Splay One (Denmark/Finland/Norway/Sweden)[30]
  • Strix Television (Netherlands[31]/Belgium[31])
  • EPIQ (Denmark)[32]
  • Paprika Studios (Hungary/Czech Republic/Slovakia/Romania/Bulgaria/Slovenia/Estonia/Latvia/Lithuania)[33]
  • Viaplay Studios Animation[27]

On 29 January 2020, NENT Studios announced that they were looking to sell off their unscripted labels to focused on scripted productions.[34] However, the attempts were interrupted by the COVID-19 pandemic, before NENT Studios decided to resume them shortly after changing the name of their British division DRG to NENT Studios UK on 30 April of that year.[35] All3Media would later acquire NENT Studios UK on 11 June 2021[36] and merge it into their All3Media International division, while Fremantle would later that they would take over NENT’s unscripted operations the following month;[37] the acquisition was completed at the end of September 2021.[28] On 16 September 2021 (2 weeks before Fremantle acquired NENT's unscripted labels), NENT Studios was renamed Viaplay Studios and restructured to produce content for the Viaplay SVOD service, with Brain Academy and Nice Drama being merged to form Viaplay Studios Sweden and NENT Studios Animation renamed Viaplay Studios Animation.[27]

References

  1. ^ "NENT Group Listing". Nordic entertainment group. Retrieved 2021-12-14.
  2. ^ Thomson, Stuart (23 March 2018). "Modern Times Group to split in two". Digital TV Europe. Retrieved 3 May 2019.
  3. ^ a b c d e Briel, Robert (June 11, 2018). "Nordic Entertainment Group launches new brand". Broadband TV News. Retrieved May 3, 2019.
  4. ^ Clover, Julian (28 March 2019). "NENT Group shares debut on Nasdaq Stockholm". Broadband TV News. Retrieved 3 May 2019.
  5. ^ Kroll, Justin (2 May 2019). "Veteran Producer and Exec Erik Feig Launches Media Company Picturestart". Variety. Retrieved 3 May 2019.
  6. ^ "Viaplay Studios Sweden - Brain Academy och Nice Drama slås ihop". www.expressen.se (in Swedish). Retrieved 2021-12-14.
  7. ^ "Så lanserar Viasat nya Viaplay". www.resume.se (in Swedish). Retrieved 2021-12-09.
  8. ^ Keslassy, Elsa (2021-11-29). "ViacomCBS, NENT Group Team to Launch New Pluto Service in Nordics (EXCLUSIVE)". Variety. Retrieved 2021-12-09.
  9. ^ Keslassy, Elsa (2020-03-26). "NENT Group to Launch Viaplay in Iceland on April 1". Variety. Retrieved 2021-12-09.
  10. ^ "NENT Group to launch Viaplay in Iceland". News Powered by Cision. Retrieved 2021-12-09.
  11. ^ "Viaplay concludes Nordic footprint with Iceland launch". TBI Vision. 2019-09-09. Retrieved 2021-12-09.
  12. ^ "NENT's Viaplay to merge with Elisa Viihde in Finland". Digital TV Europe. 2020-06-24. Retrieved 2021-12-09.
  13. ^ "NENT's Viaplay to expand to 10 international markets, including Poland and US". Digital TV Europe. 2020-11-10. Retrieved 2021-12-09.
  14. ^ "NENT Group lanserar Viaplay i fem nya marknader och siktar på 12 miljoner abonnenter vid slutet av 2025". Nordic entertainment group (in Swedish). Retrieved 2021-12-09.
  15. ^ "NENT Group lanserar Viaplay i fem nya marknader och siktar på 12 miljoner abonnenter vid slutet av 2025". Nordic entertainment group (in Swedish). Retrieved 2021-12-09.
  16. ^ "Viaplay to expand to more markets". Broadband TV News. 2021-09-22. Retrieved 2021-12-09.
  17. ^ "NENT Group directed share issue of 10,600,000 Class B shares raises approximately SEK 4.35 billion". Nordic entertainment group. Retrieved 2021-12-09.
  18. ^ "Nent tar in över 4 miljarder för att ta Viaplay till fler marknader". www.dagensmedia.se (in Swedish). Retrieved 2021-12-09.
  19. ^ "NENT Group tar in 4,35 miljarder kronor till internationell expansion". Realtid (in Swedish). Retrieved 2021-12-09.
  20. ^ "Viaplay debuts in the Baltics". Broadband TV News. 2021-03-09. Retrieved 2021-12-09.
  21. ^ "Viaplay to show PDC darts in the Netherlands from 2022". Broadband TV News. 2021-05-25. Retrieved 2021-12-09.
  22. ^ "Viaplay set for the Netherlands". Broadband TV News. 2021-05-20. Retrieved 2021-12-09.
  23. ^ "NENT pockets Premier League rights in five more countries". SportsPro. 2021-07-07. Retrieved 2021-12-09.
  24. ^ "Viaplay launches in Poland". Broadband TV News. 2021-08-03. Retrieved 2021-12-09.
  25. ^ Roxborough, Scott (2021-08-03). "Viaplay Greenlights Three Polish Originals for New Streaming Service". The Hollywood Reporter. Retrieved 2021-12-09.
  26. ^ Grater, Tom (2021-09-22). "Nordic Streaming Service Viaplay To Launch In UK, Canada, Germany, Austria & Switzerland By 2023". Deadline. Retrieved 2021-12-09.
  27. ^ a b c d "NENT Group reorganises studios operations as Viaplay Studios". 16 September 2021. Retrieved 21 September 2021.
  28. ^ a b Nick Vivarelli (30 September 2021). "Fremantle Completes Acquisition of 12 Nordic Production Labels From NENT Group". Variety. Retrieved 6 October 2021.
  29. ^ "Studios". Nordic entertainment group.
  30. ^ One, Splay. "Splay One". Splay One.
  31. ^ a b "Strix Television Benelux". www.strixtv.com.
  32. ^ "NENT Studios makes EPIQ investment". Mynewsdesk.
  33. ^ "Welcome to Paprika – a leading content house in the CEE". Welcome to Paprika.
  34. ^ Richard Middleton (29 January 2020). "NENT Group to sell entire unscripted business, looks for partner to fuel scripted ambitions". TBI Vision. Retrieved 26 September 2020.
  35. ^ Manori Ravindran (30 April 2020). "Distributor DRG Rebrands as NENT Studios U.K. as NENT Group Restarts Unscripted Sale". Variety. Retrieved 26 September 2020.
  36. ^ Jake Kanter (11 June 2021). "All3Media Acquires Nordic Entertainment Group's NENT Studios UK". Deadline Hollywood. Retrieved 21 September 2021.
  37. ^ "Fremantle Buys NENT Unscripted Business, Bolsters Nordic Operations". Variety.

External links

This page was last edited on 16 January 2022, at 14:55
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