Vivendi is taking a minority stake (12 per cent, via Canal+) in troubled Viaplay and the move, says investment bank Jefferies, is true to form. Vivendi has a history of cannily deploying capital to promote its myriad interests. In this instance, for a c.€30 million investment (out of a Vivendi group liquidity pile of €2.8 […]
Laying off 25 per cent of one’s staff is the headline no operator wants, but a report on the mess that is Viaplay from investment bank Jefferies makes grim reading. Not helping at all is the fact that Viaplay risks breaching its banking covenants. The bank admits that with a new CEO and the “size […]
Nordic broadcasting group Viaplay, in announcing its Q2 results, revealed that it is cutting more than 25 per cent of its staff (around 450 people) and pulling its services out of the US and UK as it mulls a sale. Viaplay reported Q2 net sales of SEK4,591 million (€399m) in Q2, up from SEK3,725 million […]
The Board of Viaplay Group has announced that, due to ill health, Pernille Erenbjerg has notified the Nomination Committee that she is standing down from the Board with immediate effect. The Board, after discussion with the Nomination Committee, has appointed existing non-executive Board Director Simon Duffy as Interim Chair while they search for a permanent […]
Equity analysts at investment bank Jefferies, responding to Viaplay’s new operating model, said that a simple interpretation of the announcement is that it expects the new strategy update to yield a larger and more aggressive cost-saving programme. “Read between the lines of the [Viaplay] release, however, and you’ll find a tacit admission that Viaplay’s product […]
Viaplay Group has announced a new Nordic country-based operating model and changes to its executive management team. This follows the announcement of changes to the Group’s short-term outlook for 2023, and the appointment of Jørgen Madsen Lindemann as President and CEO. The new operating model aims to improve operating efficiency and performance, sharpen the Group’s […]
Investment bank Jefferies has downgraded Scandinavian streamer Viaplay to an ‘Underperform’ rating. The bank’s note to Viaplay investors does not make pleasant reading. Jefferies says that incoming CEO Jorgen Lindemann must deal with the new reality of large programming commitments, higher sports rights competition, higher funding costs, a lack of scale and a diminished consumer […]
Almost half of all Nordic households with a paid streaming subscription claim willingness to pay €1-€3 more per month to gain access to a larger library of local movies and series, according to research from Mediavision. Almost 25 per cent of the households would pay €3 per month for this. Among the streaming services, Apple […]
Peter Nørrelund has rejoined Viaplay Group with immediate effect and will take up the position of EVP and Chief Sports & Sports Business Development Officer. He was previously Viaplay Group’s Chief Sports Officer and spent more than 20 years at the Group before leaving earlier this spring. Nørrelund will report to Jørgen Madsen Lindemann, Viaplay […]
Entertainment provider Viaplay has announced a downgrade of its short-term outlook for 2023 following an accelerated deterioration in the operating environment and longer than expected realisation of its cost savings programme. The Group has also withdrawn its long term operational and financial guidance. An update on the medium term outlook is expected to be provided […]