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NENT to cut non-sports costs by another SEK 700 mln, scraps dividend and incentive plan, suspends Studios ops sale

2020-03-20 14:04:00| Telecompaper Headlines

(Telecompaper) Nordic Entertainment Group (NENT) has announced measures to cut non-sports costs by SEK 700 million, hitting its 2020 results, because of Covid-19. It has scrapped its proposal for a SEK 7.0 per share dividend for 2019 and its long-term executive incentive plan, both of which were due to go to vote at the AGM on 19 May. It will suspend the sale of the non-scripted production, branded entertainment and events business operations of NENT Studios.

Tags: plan sale costs cut

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