Nordic Entertainment Group (NENT Group) will operate as a separate organisation from July 1, prior to its proposed listing on Nasdaq Stockholm later in the year.
This follows the decision earlier this year to initiate a process to split Modern Times Group (MTG) into two companies. NENT Group is launching its corporate brand.
“The Nordic region is one of the world’s most dynamic media markets and our ambition is to provide the best and broadest entertainment experiences possible for our consumers and partners,” said Anders Jensen, NENT Group President and CEO.
“We have a uniquely integrated model, and produce, broadcast and stream exciting content for viewers, listeners and followers. The launch of our new and vibrant brand is the latest step along our path to becoming a separate listed company.”
In 2017, NENT Group delivered full year net sales of SEK 13,684 million (SEK 12,876 million in 2016) and EBITDA before Group central costs of SEK 1,771 million (SEK 1,557 million in 2016).
NENT Group operates the following platforms and brands: the Pay TV Viasat channels and satellite platform; and Viaplay streaming service (Denmark, Finland, Norway, Sweden); the Free TV channels: TV3, TV3+, TV3 Puls, TV3 Max, TV3 Sport (Denmark); TV3, Viasat4, TV6 (Norway); TV3, TV6, TV8, TV10 (Sweden); and Viafree streaming service (Denmark, Finland, Norway, Sweden).
Also, commercial radio stations in Norway and Sweden and the I Like Radio streaming service. The group operates 30 production companies in 17 countries and Splay Networks. Operator services: Viasat broadband and IPTV is now accessible to over 1.3 million Swedish households through 35 open fibre networks.