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Viaplay Boss Vows Company “Will Be Different” After Horrors Of 2023
Viaplay President and CEO Jørgen Madsen Lindemann vowed the streaming business will "be different'" in the future after restructuring the business.
That was the vow of Viaplay Group President and CEO Jørgen Madsen Lindemann to shareholders in the troubled European streamer’s latest annual report, which released this morning in Europe and showed huge 2023 losses despite revenue growth. However, it has been restructuring under Madsen Lindemann, who was parachuted in midway through the year to set a new course achieved through staff cuts, asset sales and a heavy recap program that reduced shareholder value to almost nothing. Despite the positive sales numbers, Viaplay took an operating loss before associated company income (ACI) and items affecting comparability (IAC) of SEK1.1B, significantly up from the SEK372M lost the year before.
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