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New Ceos in U.S. and Finland C More & TV2 Seal Deal The Bonnier Eight Month Report October 2015 he previous four months New CEOs in U.S. have seen a number of changes with new leader- ship and a range of acqui- and Finland Tsitions and investments. I’m pleased to have top talents Eric Zinczenko MANAGEMENT. Change in leadership for and Jarkko Nordlund taking over at two of our biggest companies, Bon- Bonnier Corporation and MTV. nier Corporation and MTV. Their experience and savvy are key to driving the digital development within their businesses and contrib- uting to Bonnier becoming a leading digital media house. THE ACQUISITIONS likewise reflect our digital ambitions. Our invest- ment in Resolution Games, for ex- ample, with its focus on virtual re- ality gaming, gives us a foothold in an exciting arena that’s in its early stages. PHOTOS: ZACK MTV STOVALL AND PHOTOS: Eric Zinczenko and Jarkko Nordlund. WHILE THE VAST majority of our in- vestments and acquisitions will TWO OF BONNIER’S largest companies IN FINLAND, Jarkko Nordlund has been have a digital focus in line with our have made changes at the top. appointed CEO for MTV, Finland’s No. 1 ambition of reaching 50 percent commercial TV network. Most recently, revenue from new sources by 2020, IN THE U.S., Eric Zinczenko was named Nordlund has been Managing Director at there are and will be rare excep- new CEO of magazine publisher Bonnier Universal Music Finland & Baltic. tions. Such as our recent purchase Corporation. Zinczenko succeded Dave of the Academic Bookstore chain in Freygang, who retired after 26 years at “With his experience from the Nordic Finland, which nonetheless is stra- Bonnier Corporation and its predecessor, music and pay TV markets, Jarkko Nord- tegic to the development of our sig- World Publications. lund knows digital transformation,” says nificant book business there. Zinczenko was part of Bonnier Corpo- Casten Almqvist, head of Bonnier’s busi- Finally, I’m pleased to welcome ration’s original management team, and ness area Broadcasting. “Jarkko’s man- two new members to our Board of led one of the company’s largest business agement experiences in reforming busi- Directors, Peder Bonnier, founder units, the Bonnier Men’s Group, with top ness operations will bring a drive to of Kit.se and Kerstin Mogull, cur- special interest titles Popular Science, MTV’s company culture that will ensure rently Managing Director for the Field & Stream and Outdoor Life, among the necessary turnaround in close col- Tate Galleries in London and previ- others. Prior to Bonnier, he has held laboration with both colleagues, consum- ously, in leading roles at the BBC. management positions at Outside, ers, users and advertisers.” Nordlund You can read more about them on the New Yorker, Bicycling and Scuba starts his new job as CEO on January 1, page 3. Diving magazines. 2016. * Tomas Franzén * CEO, Bonnier AB C More & TV2 Seal Deal NORDIC PAY TV network C More and TV2 in Norway have concluded a structural deal under which C More sells its Norwe- gian sports operations to TV2 and PETER JÖNSSONPHOTO: initiates a long-term cooperation with C More’s film and series offering in Norway. * THE BONNIER EIGHT MONTH REPORT, OCTOBER 2015 Acquisitions & Investments Entering the Virtual Reality Market. NEW MARKETS. Growth Media adds virtual reality, content marketing and podcasting platform companies to its stable of investments. WITH ITS FOCUS on develop- cludes content agency ing new digital media, Bon- Spoon, which today cooper- nier Growth Media made sig- ates with Oh My! on tech de- nificant investments in in velopment and digital pro- three companies earlier this duction. ERIKSSON ELIN PHOTO: year: virtual reality game de- Existing investor Univer- veloper Resolution Games, sum, as well as founders Ni- content agency Oh My! and clas Wikström, Christian Al- podcasting platform Acast. binsson and Mark Tiburzi will remain as shareholders RESOLUTION GAMES in the company. Bonnier Growth Media was among a select group of in- “CONTENT MARKETING is a vestors, including Google prioritized area within Bon- Ventures, who invested USD nier and with the acquisition 6 million in Resolution of Oh My!, we will have an Games, the biggest invest- even stronger commercial po- ment round for a virtual real- sition,” says Ulrika Saxon. ity game developer ever. Resolution Games’ Tommy Palm; Bonnier Growth Media’s Ulrika ACAST “WE FOCUS ON VR over a long Saxon In May, Bonnier Growth time horizon with a small and Media announced it was part agile team that can create to start experiencing a revolu- that are on the cutting edge of of an investment round of and develop a range of new tionary virtual reality experi- digital media development.” USD 5 million for podcasting concepts, producing game ence, once the headset begins platform Acast, together content for a growing market being distributed widely, OH MY! with MOOR Capital. Acast is of VR equipment,” says Tom- which will be soon. The Reso- Bonnier Growth Media also a full-service platform that my Palm, co-founder and lution Games team has shown has acquired a 20 percent allows users to discover and CEO for Resolution Games. that they have the creativity, stake in digital content agen- share on-demand audio con- Palm was one of the creative knowledge and entrepreneur- cy Oh My!, which has offices tent enhanced with videos, minds behind global mobile ial spirit needed to create suc- in Stockholm, Piteå, Halm- images and links, with bases game hit Candy Crush Saga. cess, and we’re happy to be stad and Malmö. The acquisi- in Stockholm and London. Says Ulrika Saxon, CEO for part of the investor group be- tion is part of Bonnier’s strat- The funding will be used to Bonnier Growth Media: “Ev- hind this new journey. It’s very egy to grow in content expand in Europe and the ery single person with a smart much in line with our strategy marketing. Bonnier Growth U.S. phone today has what it takes to invest in local tech startups Media’s portfolio already in- * land is an important market for us in the long term,” says Bookstore Chain Acquired. Jacob Dalborg, head of Bon- nier Books. BOOKS. Finland’s Academic Bookstore goes to Bonnier. “We want to be a part of de- veloping the Finnish book BONNIER BOOKS has signed a Stockmann. The deal in- which consists of businesses market. We believe in litera- deal to acquire the operations cludes six bookstores. With within publishing, e-commerce, ture and Academic Bookstore, of Finnish bookstore chain the acquisition, Academic distribution and book clubs. with its impressive history, is Akateeminen Kirjakauppa Bookstore will be a separate a good fit for us.” (Academic Bookstore) from subsidiary of Bonnier Books, “WITH OUR BOOK publishers The deal was concluded in Tammi and WSOY and our September following approval successful establishment of by competition authorities. Adlibris as the premier Finn- * ish online book retailer, Fin- THE BONNIER EIGHT MONTH REPORT, OCTOBER 2015 New Fiction Publisher Totally Board NEW MARKETS. Growth Media adds virtual reality, content marketing Entwined Group Acquired. Members and podcasting platform companies to its stable of investments. BOOKS. The British book publisher now a part of IN JUNE, two new members were appointed to the Board Bonnier Publishing. of Directors for Bonnier AB: Peder Bonnier, founder and CEO of media startup KIT COMMERCIAL fiction publish- business,” says Mark Smith, and Kerstin Mogull, Manag- ing house Totally Entwined Bonnier Publishing Fiction ing Director for the Tate Gal- PHOTO: ELIN ERIKSSON ELIN PHOTO: Group has been acquired by CEO. leries in the U.K. U.K.-based Bonnier Publishing. “Totally Entwined is a great fit for us: a highly entrepre- THE TOTALLY ENTWINED neurial business, working with GROUP will join Bonnier Pub- PUBLISHING BONNIER PHOTO: high profile authors to produce lishing’s rapidly expanding fantastic titles in several dif- fiction division. Bonnier Pub- Mark Smith, Bonnier Publishing ferent fiction markets.” PHOTOGRAPHY PETER BOTTOM, JÖNSSON; OLIVIA HEMINGWAY/TATE TOP, PHOTOS: lishing Fiction will acquire Fiction CEO. The recent Igloo Books ac- the whole of Totally Entwined quisition together with Totally Group, including its flagship “This move is the first of Entwined and organic growth erotic romance publishing several acquisitions we antici- put Bonnier Publishing at No. 4 house Totally Bound Publish- pate on the fiction side of our in the British book market. PEDER BONNIER is the CEO ing, Pride Publishing (GLBTQI * and co-founder of KIT, a digi- fiction), Finch Books (YA tal media startup focused on literature), Evidence Press high-quality journalism. Prior (crime/thriller) and Celebri- to that, most recently he ran tease (celebrity authors). the digital business division at Bonnier Tidskrifter. He has held marketing and digital media roles at Unilever and NBC Universal, among others. He currently serves on the board of Bonnier Corporation Odla.nu to Adlibris. in the U.S., Mediafy, Beck- mans College of Design and GARDENING. The Nordic online retailer acquires IAB Sweden. Sweden’s biggest gardening site. THE ADLIBRIS GROUP, one of e-commerce is still underde- the Nordic region’s leading veloped, which makes it an e-commerce groups, contin- exciting area for us. It’s also ues to grow with the acquisi- an area that’s totally in line tion of Odla.nu, Sweden’s with our other segments, biggest gardening site. The since like books and DIY, it’s acquisition is part of Adlibris MORTENSSON HENRIK PHOTO: about products where custom- KERSTIN MOGULL has been Group’s development strategy, ers share our passion and en- Managing Director since Jan- via acquisitions and organic Johan Kleberg, CEO of the gagement.” uary 2014 for the Tate Galler- growth, to become the Nordic Adlibris Group.
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