This gives the struggling company some breathing room. Viaplay has miscalculated a number of projects in recent years. Revenues were disappointing, causing losses for the Swedish company and forcing it to cut costs.
For example, part of the staff has been laid off, including in the Netherlands, and the streaming service has begun to withdraw from many markets. It is still looking for companies interested in sourcing spare parts in Poland and the United Kingdom, among other countries. Viaplay will remain active in our country.
The streaming service announced on Friday that it had canceled debts worth 2 billion Swedish krona (175 million euros). Creditors received Viaplay shares for a quarter of that amount. New agreements were concluded for other loans, for example, on the repayment term.
The company is also issuing new shares worth €350 million. These go to existing shareholders.
