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Bondholders have given their approval to the SEK 4 billion recapitalisation of Viaplay Group. SEK 4 billion worth of shares are being issue to existing shareholders through a rights issue that is being supported by prorata investments from shareholders including Canal Plus and PPF Cyprus Management Limited. Jørgen Madsen Lindemann, Viaplay Group President and CEO:…
Viaplay Group has released plans for a package of measures to secure the survival of the company. In a statement, Viaplay said it would raise SEK4 billion (€350 million) in new equity, write down SEK 2 billion and renegotiate debt of SEK14.6 billion. However, in mid morning trading in Stockholm, Viaplay shares were down by…
Viaplay Group has gained a strong partner for its market entry in Germany: Deutsche Telekom will integrate Viaplay Select into its TV platform MagentaTV. As part of the content partnership, MagentaTV customers will have access to more than 300 hours of Viaplay’s series, films and documentaries, together with curated third-party titles, on MagentaTV's on-demand service…
Viaplay nearly doubled its subscriber base in 2022, increasing numbers by 83% to 7.3 million. The last quarter of the year alone saw 890,000 new subs added to the total. However, advertising sales were down 9% year-on-year on an organic basis. Viaplay is now available in 11 markets, with further launches due shortly in the…
As part of what the Paramount advertising video-on-demand (AVOD) service says is a transformational partnership, Pluto TV has begun operation in the Nordics reg...