[ad_1]
The company reports in a press release the income record last year, with revenues of more than two billion. Nevertheless, the annual result will be worse than in 2016.
Discovery announced a profit of 164 million crowns in 2016. Discovery Networks Norway is a Norwegian media group
Show more
According to the company, the reason is expensive investments in sports, Norwegian television productions and digital products.
DN realizes that investment in the sport is mainly related to the acquisition by the company rights to the Elites series in football. Discovery acquired the rights to the Elites series and the Obos league from 2017 to 2022 for 2.4 billion in 2015. The following year, Discovery acquired the television rights of four billion euros for 11 billions of viewers
. The company does not disclose the profit before tax or operating profit in the press release or against DN.
The operating margin ends 2.9 percent, Discovery reports in the press release.
The news of the sales record comes after Discovery announced in May reductions of about 13 man-years
– It's a change for S & P. adapt to the challenges we face today, Skoland told DN in May. ] The head of the discovery Tine Austvoll Jensen pointed out in the press release the company sent as part of the downsizing that the restructuring would release funds to increase investment in Norwegian content.
– Our main priority in the future is to increase investment in Norwegian content and digital services and improve digital competence. It is essential to succeed in the Norwegian TV market. But it also means that we must constantly look for solutions that free up funds for that. And sometimes that means tough choices, "said Jensen
The news came just a year after the latest disarmament reported in Discovery Networks Norway. According to Kampanje, the number of employees would then be reduced by nine man-years
Two years ago, in April 2016, staff were informed that 35 man-years were superfluous.
According to the latest annual accounts available for 2016 155 employees in the Norwegian company Discovery Networks.
The company has undergone several significant changes over the last year. The most important took place in February when Tine Austvoll Jensen (44) took office as CEO of the company, after Harald Strømme, then managing director of the company, left the next day a year later. disagreement with US senior management
. In order to succeed, and the prerequisites for my change have changed, Strømme told DN after departure.
The company was also in conflict with the Swedish distributor Com Hem last year. In September, the chains of Discovery became black in Sweden. Discovery explained that the price increase that they required was comparable to a cup of coffee per household in the year.
Discovery was previously a coffee maker because former CEO Strømme used exactly the same metaphor as Discovery in a muffled conflict with the Norwegian distributor Canal Digital. 2016.
Overall, coffee cuts amounted to nearly 300 million NOK. (Terms)
[ad_2]
Source link
Tags Billion crowns DNno downsizing manyears notified Passed sales year
