The original date that Viaplay would release its third quarter financial results was October 24. But a day in advance, the company announced that it would postpone publication by up to a month.
Discussions about capital injection
That decision was made to await the outcome of discussions about a capital injection. At that time, these were conducted with the largest shareholders, creditors and other investors.
The discussions have still not been completed, the company reported today before the stock exchange. And so it postpones the publication of the figures again. Instead of publishing this today, the plan now is to do this tomorrow after the stock exchange in Stockholm closes.
In July, Viaplay announced a drastic change of course. Viaplay announced that it would withdraw from many countries. The company will still remain active in the Netherlands. But the impact on the company is great. After the news emerged in July, Viaplay’s stock market value plummeted.
Major round of layoffs
Viaplay has since reduced its workforce by more than 30 percent across the group. A number of productions have also been stopped.
However, the question remains whether this will continue. Viaplay previously announced that there was talk about selling activities, which Viaplay no longer wants to continue with. Viaplay previously said it was considering looking for a new buyer for the entire company. That could be one of the future scenarios that Netflix’s competitor is considering. It is also possible for Viaplay to sell parts, ‘sublet’ sports licenses or raise new capital.
2023-11-29 07:22:02
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