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Scroll on. Sign up here. Rapid deterioration: Deadline’s in-depth analysis of the Danish TV market last week preceded one of the biggest shocks in the Scandi industry for decades.
In the early hours of Monday morning, the region’s streaming powerhouse Viaplay issued a trading update signaling the immediate resignation of CEO Anders Jensen and the scorching of the group’s long-term financial guidance amidst rapid deterioration in the ad market and subscriber churn.
Viaplay has been growing aggressively in recent years, greenlighting one original per week such as the high-profile Ronja the Robber’s Daughter adaptation (pictured), snapping up sports rights, and launching in key territories including the U.S., but it appears the growth has been a smidgeon too fast and stock has been tumbling.
Read more on deadline.com