Dream Wired
No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
No Result
View All Result
Dream Wired
No Result
View All Result
Home DramaAlert

Viaplay Anders Jensen Steps Down, Replaced By Jorgen Madsen Lindemann – Deadline

rmtsa by rmtsa
June 5, 2023
in DramaAlert
0
Viaplay Anders Jensen Steps Down, Replaced By Jorgen Madsen Lindemann – Deadline
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Every Must-See Celebrity Sighting at Paris Fashion Week S/S 2026

R&CPMK To Undergo Restructuring As Part Of Parent IPG’s Cost-Savings Plan

Lori Loughlin, Mossimo Giannulli separate after 27 years of marriage – National

Viaplay Group CEO Anders Jensen is stepping down immediately amidst an economic downturn that is causing rapid deterioration in the ad market and subscriber churn.

Jensen is departing after five years and will be replaced by Jorgen Madsen Lindemann, the ex-CEO of the nordic TV outfit’s former parent company MTG.

Delivering the news via an update in the early hours of this morning, Viaplay posted expected Q2 sales of between 4.5BN ($420M) and 4.6BN Swedish Krona with negative EBIT of between 250M and 300M Swedish Krona. Advertising revenues are expected to be down between 12% and 16% on an organic basis, due to the “sharp and rapid deterioration in the TV and radio advertising markets,” added the group, with an update on the medium term outlook set to be provided on July 20.

Viaplay posited three factors impacting sales: lower demand in the Nordic and international streaming D2C subscriber markets and lower wholesale subscription sales by linear distribution partners, accelerated deterioration of the Scandinavian TV and radio advertising markets and the slower delivery of cost savings programs.

Adjusted for the full year, Viaplay would therefore see a dip in the full year profits that were expected in the previous update – delivered last last year.

With that in mind, Viaplay’s Board has scotched the “long term operational and financial guidance” that was previously in place for 2025 and Jensen has offered his immediate resignation.

Board Chair Pernille Erenbjerg said the “overall strategic direction of the company is unchanged and [new CEO] Jorgen, together with the Board and his leadership team, will evaluate the need for structural, operational, and capital allocation enhancements to the delivery of the strategy.“

“The outlook for the markets in which we are operating has shifted considerably and at a very rapid pace, and the execution of cost savings programmes has not been mitigating the effects from these conditions to a sufficient extent,” he added. “The impact of the macroeconomic headwinds on the business require that we execute differently on our strategy.”

He thanked Jensen for “leading the achievement of significant milestones,” which saw him take over when Viaplay – then NENT Group – became an independent company in 2018.

Jensen said: “In the light of current challenges, the company is best served if I step down, and I have therefore decided to do so. I wish the company and the team the very best in the future.”

Viaplay has been rolling out its Nordic streaming service to key markets such as the UK and U.S. in recent months, while ramping up its original programing and sports rights, most recently greenlighting a drama series from Snabba Cash author Jens Lapidus.



Source link

Tags: AndersDeadlineJensenJorgenLindemannMadsenReplacedStepsViaplay
Share30Tweet19
rmtsa

rmtsa

Recommended For You

Every Must-See Celebrity Sighting at Paris Fashion Week S/S 2026

by rmtsa
October 3, 2025
0
Every Must-See Celebrity Sighting at Paris Fashion Week S/S 2026

Jenna Ortega attends the Givenchy Womenswear Spring/Summer 2026 show as part of Paris Fashion Week on October 3, 2025 in Paris, France Getty Jenna Ortega attends the Givenchy...

Read more

R&CPMK To Undergo Restructuring As Part Of Parent IPG’s Cost-Savings Plan

by rmtsa
October 3, 2025
0
R&CPMK To Undergo Restructuring As Part Of Parent IPG’s Cost-Savings Plan

EXCLUSIVE: Changes are coming for R&CPMK. Rumors started circulating a couple of weeks ago that the veteran PR agency, owned by Interpublic Group, will be dissolving. While that...

Read more

Lori Loughlin, Mossimo Giannulli separate after 27 years of marriage – National

by rmtsa
October 3, 2025
0
Lori Loughlin, Mossimo Giannulli separate after 27 years of marriage – National

Lori Loughlin and Mossimo Giannulli have separated after 27 years of marriage. The Full House actor, 61, and the fashion designer, 62, “are living apart and taking a break from...

Read more

Donald Trump Adviser Says ICE Agents Will Be At Super Bowl

by rmtsa
October 3, 2025
0
Donald Trump Adviser Says ICE Agents Will Be At Super Bowl

After hearing comments from Bad Bunny about wanting to protect his fans, a Donald Trump advisor wants people to know that nowhere in the United States is “safe”...

Read more

Diddy Writes Letter To Judge Before His Sentencing Tomorrow • Hollywood Unlocked

by rmtsa
October 3, 2025
0
Diddy Writes Letter To Judge Before His Sentencing Tomorrow • Hollywood Unlocked

Introduction: Diddy Writes Letter To Judge Before His Sentencing Tomorrow #Socialites, this one’s heavy. Music mogul Sean “Diddy” Combs is facing his day of reckoning tomorrow after being...

Read more
Next Post
RuPaul’s Drag Race LIVE – In 90 Seconds! Here’s What To Expect! | Perez Hilton

RuPaul's Drag Race LIVE - In 90 Seconds! Here's What To Expect! | Perez Hilton

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized

CATEGORIES

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized
No Result
View All Result

Recent News

  • Sharon Osbourne’s ‘Backup Plan’ for Ozzy’s Farewell Show
  • Every Must-See Celebrity Sighting at Paris Fashion Week S/S 2026
  • Manager Speaks, Info Emerges In Teen Death Investigation

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In