Nordic Entertainment Group (NENT Group) and TV 2 Danmark have today agreed a settlement relating to NENT Group’s claim for damages submitted in 2006. TV 2 Danmark will pay NENT Group DKK 430 million (approximately SEK 600 million) as a full and final settlement of the case.
NENT Group’s claim against TV 2 Danmark and its owner, the Kingdom of Denmark, before the High Court of Eastern Denmark related to competition and state aid issues, including TV 2 Danmark’s use of certain rebates on TV advertisements between 2001 and 2010. The claim was filed on the basis of a 2005 ruling by the Danish Competition Council, which found that TV 2 Danmark’s use of these rebates constituted abuse of a dominant position. The Council’s ruling was upheld by Denmark’s Supreme Court in 2011. Today’s settlement has been reached after clarification of several fundamental legal issues.
“We are pleased finally to conclude this very long process with an outcome that is financially positive for our company. It also serves as a strong message around the importance of fair competition, and is therefore positive for the broader Danish market,” said Anders Jensen, President and CEO of NENT Group.
We are pleased finally to conclude this very long process with an outcome that is financially positive for our company” Anders Jensen President and CEO of NENT Group