Viaplay Group’s CEO Anders Jensen has resigned from the company, with economic headwinds battering the Nordic operator’s results and causing it to pull its long-term financial guidance. Jensen, who had been been with Viaplay and predecessor Modern Times Group (MTG) for more than a decade, is being replaced by Jorgen Madsen Lindemann, who becomes CEO […]
MTG’s decision to split the business in two will create greater focus and flexibility and enable more growth, higher profits and increased shareholder value, according to CEO Jørgen Madsen Lindemann. In a statement issued with MTG’s annual report, Lindemann said that transformation has always been part of the company’s DNA and the formation of its digital arm MTGx […]
MTG reported 83% profit growth for continuing operations in Q3, despite wider losses for its eSports operations. The Nordic company reported higher profits and margins for Nordic Entertainment, International Entertainment and MTG Studios. Meanwhile, its digital arm MTGx recorded lower losses on a sequential and year on year basis, thanks to the contribution from Innogames […]
Traditional broadcasters have to “make up their mind” about what they want to be, at a time when TV viewing is beginning to decline and new forms of entertainment are on the rise, according to Jorgen Madsen Lindemann. Speaking at MIPTV in Cannes the president and CEO of Modern Times Group said that the decline […]
The programme of cost cutting at Modern Times Group has helped boost its half-year profits, the company said this morning. The pan-European free and pay TV company added that it has tweaked the price of its pay offerings and added more content, and the performance of its traditional businesses are allowing it to sink more […]
Modern Times Group (MTG) will aim to make roughly SEK600 million (€64.6 million) in savings this year as it continues to evolves from a “traditional broadcaster into a digital entertainment company”. In its 2015 annual report, MTG president and CEO Jørgen Madsen Lindemann said that the company has changed the way it works, transformed the […]
Modern Times Group (MTG), ProSiebenSat.1, the UK’s Channel 4, France’s TF1, Turkey’s Dogan TV and Poland’s TVN have teamed up to form an alliance to identify investment opportunities in new digital businesses. The new media alliance is intended to create an opportunity for startup companies looking to expand geographically. The group will invest in consumer-focused […]
Modern Times Group (MTG) has decided to write down the value of its Ukrainian pay TV service, Viasat Ukraine, because of continuing economic uncertainty in the country. MTG is writing down 100% of the value of the goodwill value of its 85% stake in the platform via Viastrong Holding. The company said it will include […]
Modern Times Group has recruited Anders Jensen as executive VP of Scandinavian free-TV operations. Jensen will oversee all of the broadcast group’s free-to-air operations in Scandinavia with the respective country CEOs reporting to him. He will report directly to MTG President and CEO Jørgen Madsen Lindemann. MTG has a sizable free-to-air footprint across Scandinavia. The […]
European broadcasting firm Modern Times Group (MTG) reported its fifth consecutive quarter of revenue growth in Q4, after a “year of investment” in the areas of content, digital and geographic expansion. Announcing its quarterly and full-year earnings, MTG said that its investments were “paying off in accelerated growth” and listed its buyout of Nice Entertainment […]
