Money comes out of Warner Bros. Norway after Norsk Tipping tap and TV drought

Norway, the production company as anelope is known for major live events such as the Nobel Peace Prize Concert and, earlier, the Amanda Award and the Spellemann Prize.

In 2017, the company reduced its turnover by 33%
– NOK 84.2 million to NOK 56.4 million. This resulted in a loss of NOK 8.9 million before tax. In 2016, the profit was a profit of 7.3 million.

"The reason for the sharp decline in income
and the result is mainly due to the fact that the company's largest contract was terminated in accordance with the original agreement at the end of 2016. The income from this contract has constituted approximately 50% of the company's total income in recent times.
four years, and the company has only partially succeeded in replacing it with new projects, "writes the board in the annual report.

Norwegian Assignment of Lost Tipping

In 2012 Warner Bros. won. Norway contract to produce emissions
Drawings of "Neighborhood" and "Eurojackpot" for Norsk Tipping. Now these two emissions are taken by plane.

General Manager Warner Bros. Norway, Odd Arvid Strømstad, confirms to Kampanje that it is the loss of Norsk
The tipping mission that sends the results to the bottom.

– As this agreement has expired, about 50% of the turnover has been lost. We hoped that it would be a little easier to replace that than what it turned out to be. The market is
become harder and we have not managed to sell enough new ideas to make up for the loss. This was very negative, because in the television industry, there are mainly few big projects, so that every project that falls
has big consequences, says Strømstad in Kampanje.

Cut three man-years

The company, formerly known as Eyworks Dinamo, had to crush for the first time in nearly 20 years of history.

– We
Strømstad explains that the company has downsized by three man-years in 2017 and is continually focusing on this issue as well as on other measures of operating savings.

– How many jobs in Warner Bros Norway now?

– We have 17 permanent employees. We are mainly
a project construction organization, but still has a relatively large number of permanent employees. In addition, we have someone who has longer contracts and who is not attached to a particular project.

According to the annual report, the company has
The year 2018 has been facing major challenges related to liquidity, but internal liquidity loans have been granted by the parent company as needed, based on a 20-year framework loan. million NOK.

Feelings of Drought on Television Channels

Strømstad recently recovered former Rubicon Director, Pål Kruke Kristiansen, as the new Creative Director and announced that the company would now also play for the theater. The results of this investment will not be visible until 2019.

"Turnover
and the result in 2018 seems to be about the same level as in 2017, because channels have had longer periods without buying new TV shows, so the company still has difficulty selling projects " , writes the board of directors.
in the annual report.

– How do you turn development and return with a profit?

– We are absolutely sure that we will be able to increase the sale of projects. We currently have two major projects in production and have a lot
Exciting launcher being examined on the channels where we received positive feedback. The appointment of Pål Kruke Kristiansen as creative leader will bring even more weight and speed to the organization of development and sales, and I look forward to
me big until it starts in August. In addition, we look in parallel at the savings measures that we can and must do without compromising well – being and progress. We are also pleased that the conversion will take some time, says Strømstad.

Cancels the Nobel Peace Prize of the Year

Earlier this summer, the Nobel Peace Prize is announced following the withdrawal of Rema 1000 as a sponsor.

– How will the Nobel Concert Pause affect 2018?

–
The Nobel Concert Break will only affect very little the numbers for 2018 because we had budgeted with only a small profit on this project, "says Strømstad.

Text of the image:

The difficult television industry:

Warner Bros.
Norwegian leader Odd Arvid Strømstad has lost major TV spots. "We were hoping it would be a little easier to replace that than it was," he said. Photo: Warner Bros. Norway.