NENT Group to Offload U.K. Operation

Nordic Entertainment Group (NENT Group) is looking to sell off its London-based content development, production and distribution business.

According to NENT Group, there are more than 20 U.K. and international businesses that have expressed interest in acquiring NENT Studios UK (previously known as DRG). Following the sale, NENT Group will retain the NENT Studios UK name.

NENT is offloading the business as part of a strategic realignment to focus on its Viaplay streaming service. Its remaining studio operations will focus on serving the needs of the platform as it expands.

Richard Halliwell, NENT Studios UK’s CEO, who is involved in the sale process, noted, “I am very proud of my team, who have continuously found, developed, funded, produced, acquired and sold a wide range of scripted and unscripted content through these very uncertain times. Our focus now is on finding a new owner or investment partner to support our high ambitions and exciting plans for growth. We have a bright future as we move into 2021 and will use this period of change as a fresh opportunity to reinforce our position as a robust, innovative and vital player in the international content landscape.”