This follows the decision earlier this year to initiate a process to split MTG into two companies. The Nordic region’s leading entertainment provider, NENT Group has a portfolio of world class platforms and brands, a unique content ecosystem and a skilled leadership team.
NENT Group is today launching its corporate brand, which reflects its ambition to provide the best and broadest entertainment experiences in the Nordic region and beyond.
- New corporate brand reflects company’s ambition to provide the best and broadest entertainment experiences in the Nordic region and beyond
- Nordic Entertainment Group to start operating as a separate organisation from 1st July
- A fully integrated broadcasting, streaming and content production company
Anders Jensen, NENT Group President and CEO: “The Nordic region is one of the world’s most dynamic media markets and our ambition is to provide the best and broadest entertainment experiences possible for our consumers and partners. We have a uniquely integrated model, and produce, broadcast and stream exciting content for viewers, listeners and followers. The launch of our new and vibrant brand is the latest step along our path to becoming a separate listed company.”
In 2017, NENT Group delivered full year net sales of SEK 13,684 million (SEK 12,876 million in 2016) and EBITDA before Group central costs of SEK 1,771 million (SEK 1,557 million in 2016).
NENT Group has launched a new corporate brand that reflects its ambitions to provide the best and broadest entertainment experiences in the Nordic region and beyond.
About the split of MTG
On 23 March 2018 it was announced that the Board of Directors of MTG has decided to initiate a process to split MTG into two companies – Modern Times Group MTG AB and NENT Group – by distributing all the shares in NENT Group to MTG’s shareholders and listing these shares on Nasdaq Stockholm during the second half of 2018.