NENT Studios UK, the London-based production arm of Nordic Entertainment Group, is looking for a new owner.
The process is being led by NENT Studios UK’s CEO Richard Halliwell. He says expressions of interest from more than 20 UK and international businesses.
As previously reported in Broadband TV News, NENT Group is divesting NENT Studios UK, along with a number of other production businesses to focus on the growth of its Viaplay streaming service. There are plans to launch in both Poland and the United States during 2021 as well as growing the established Nordic business further.
“I am very proud of my team, who have continuously found, developed, funded, produced, acquired and sold a wide range of scripted and unscripted content through these very uncertain times,” said Halliwell. “Our focus now is on finding a new owner or investment partner to support our high ambitions and exciting plans for growth. We have a bright future as we move into 2021 and will use this period of change as a fresh opportunity to reinforce our position as a robust, innovative and vital player in the international content landscape.”
NENT Studios UK’s first original drama series Close to Me (commissioned by Viaplay and being brought to the UK as an acquired co-production by Channel 4), starring Connie Nielsen and Christopher Eccleston, is in production, while a second scripted series with a UK-led greenlight will be announced shortly.
NENT Group’s remaining Studios operations will focus on delivering content for Viaplay and a new owner for NENT Studios UK means this business can continue to serve the global market.