Canal+ takes 12% Viaplay stake
July 21, 2023
By Colin Mann
Canal+ Group has taken a 12 per cent stake in beleaguered Nordic pay-TV operator Viaplay Group, announcing the deal in a brief statement.
No financial terms were revealed.
Earlier in the day, announcing the company’s Q2 results, Jørgen Madsen Lindemann, Viaplay President & CEO, said Viaplay was adopting a new strategy and plan, which included, but was not limited to, focusing on its core Nordic, Netherlands and Viaplay Select operations; implementing a new operational model; downsizing, partnering or exiting its other international markets; rightsizing and pricing its product offering in the Nordics; undertaking a major cost reduction programme; and conducting an immediate strategic review of the entire business to consider all options including content sublicensing, asset disposals, equity injections or the sale of the whole Group.
Other posts by :
- Oman’s Spaceport ready for fast-track launches
- Bank uplifts RocketLab
- AST SpaceMobile’s BlueBird/FM1 en route to India
- D2D satellite battle hots up
- Eutelsat share price rockets
- AST SpaceMobile recovers after Verizon agreement
- Bank has mixed messages for AST SpaceMobile
- EchoStar clears key regulatory hurdles for Starlink deal
- Starlinks falling to Earth every day