Nordic Entertainment Group (NENT Group) has sold NENT Studios’ UK content distribution business (formerly known as DRG) to All3Media. The sale is in line with NENT Group’s previously stated ambition to focus NENT Studios on scripted content for its Viaplay streaming service, which will be available in at least 15 countries by 2023.
NENT Studios’ UK distribution business currently distributes more than 10.000 hours of content including high-profile titles such as “Doc Martin,” “The Cry,” “Yorkshire Vet,” and “Don’t Tell the Bride,” and is developing original productions such as “Close to Me”. On the other hand, All3Media is an international television, film and digital production and distribution company that comprises more than 40 businesses across the UK, Europe, Asia Pacific and the United States.
“All3Media’s position as a global distributor and storyteller makes it an ideal home for NENT Studios’ UK distribution business. This agreement and the ongoing sale of our Nordic non-scripted businesses are in line with NENT Group’s strategy of focusing on scripted content for our fast-expanding Viaplay streaming service, which will be available in at least 15 countries by 2023,” said Gabriel Catrina, EVP & Chief Financial Officer at NENT Group.
In 2020, NENT Group announced its intention to reorganize NENT Studios to focus on scripted content production for Viaplay, and to divest NENT Studios’ non-scripted production, branded entertainment and events businesses.Financial details of the NENT Studios UK transaction have not been disclosed. NENT Group retains its stake in its UK joint venture with FilmNation Entertainment.
All3Media’s position as a global distributor and storyteller makes it an ideal home for NENT Studios’ UK distribution business” Gabriel Catrina EVP & Chief Financial Officer at NENT Group