NENT Group to report SEK 900 million non-cash impairment of Studios assets
Nordic Entertainment Group (NENT Group), the Nordic region’s leading streaming company, today announced that its Q4 2020 results will include a non-cash impairment charge of approximately SEK 900 million, which relates to its Studios operations that are now in the process of being sold. The impairment reflects the impact of the Coronavirus pandemic and the postponement of productions during 2020, and mainly comprises goodwill arising from the original acquisition of the companies. Approximately SEK 620 million of the charges, related to non-scripted production, branded entertainment and