Viaplay Group to spin off Paprika Studios.

Viaplay Group, a media and entertainment company, agreed to spin off Paprika Studios, a media company. Financial terms were not disclosed. “We have previously based our business strategy on the production of quality content. Our professional sophistication and commitment will be stronger than ever with the entry of the management as owners, whether it is entertainment, fiction, reality, documentary, cinema or even short-form content,” Ákos Erdős, Paprika Studios CEO.