Nordic Entertainment Group (NENT Group) has aligned with FilmNation Entertainment for a new U.K.-based joint venture to develop scripted TV content.
The JV will develop, produce and finance premium scripted television content for global audiences. The creative team is currently being assembled for the outfit, which will operate under the FilmNation brand.
The joint venture will work with a variety of U.K. studios, talents and co-financiers. NENT Group will have the first option on the exclusive Nordic media rights to all output.
Glen Basner, FilmNation CEO, and Milan Popelka, FilmNation COO, commented: “Launching this innovative UK partnership is an exciting step in furthering our overall global strategy to serve as trusted, premium scripted content creators, and to continue to have our platform be a destination for the world’s best storytellers. In NENT Group we have found forward-thinking, creatively-aligned partners who see the exciting future of global entertainment the same way we do, and we’re thrilled to be joining forces with them in a territory that is home to such exceptional creative talent.”
Anders Jensen, NENT Group’s president and CEO, said: “This milestone partnership with a major international studio creates numerous strategic benefits for NENT Group. We now have long term access to some of the world’s most prestigious upcoming scripted content and co-own a high growth company in the dynamic UK production market. At the same time, we can offer even more attractive, one of a kind stories to our customers and partners.”
Jakob Mejlhede Andersen, NENT Group’s executive VP and head of content, added: “We are continuing to rewrite the script with this innovative partnership. FilmNation Entertainment is a respected and prolific studio with a proven track record. In today’s highly competitive market for premium drama, this joint venture gives NENT Group a compelling advantage and complements our ongoing investments in original content.”