Innovators in media

TV 2 Results

TV 2 had success with its 24-hours news channel, grew its streaming service and secured new sports rights.

Key figures in 2020

EUR 464m

Revenue

EUR 45m

Operating profit after result from associates

979

Employees

TV 2 is Norway’s largest private public service media house and delivers news, sports and entertainment through eight TV channels and the streaming service TV 2 Play (formerly TV 2 Sumo). As a public service broadcaster, TV 2 delivered strong journalism in a year dominated by Covid-19.

The 24-hours news channel saw strong growth with an audience share of 7.1% in 2020. TV 2 Play also grew strongly in terms of both viewing time and subscriptions, and now has more than 500,000 subscribers.

Established programme formats such as the reality show Farmen and celebrity dance show Skal vi danse? as well as new concepts such as the reality series Kompani Lauritzen and crime series Witch Hunt attracted high viewing figures.

TV 2 added the rights to Norwegian top-tier soccer Eliteserien for 2023-28 to its existing portfolio of attractive sports rights, which include UEFA Champions League, UEFA Nations League and Tour de France.

TV 2 delivered a good result. Revenue decreased partly as a result of Covid-19 hitting advertising income, especially in the second quarter in the wake of the first lockdown in Norway, but the advertising market picked up again in the second half of the year.

TV 2-owned Vimond, which supplies streaming technology to media companies worldwide, saw double-digit growth in licensing revenue.