Modern Times Group


MTG sells Gen Z video outfit Zoomin

Modern Times Group has sold 100% ownership of Zoomin, its youth-oriented digital production outfit, to Azerion, a Dutch-based media and entertainment technology company. Zoomin turned in net sales of SEK50 million (€4.6 million) last year and EBITDA of negative SEK34 million. MTG said that as a result of the deal, it would post a net […]

MTG unveils plan for major new esports initiative

Modern Times Group (MTG) has unveiled plans for a major new esports tour, the ESL Pro Tour, as a joint initiative from ESL and DreamHack. MTG is pitching the event as the world’s largest Counter-strike: Global Offensive (CS:GO) circuit, which willlink over twenty CS:GO tournaments and leagues on five continents and feature an aggregate prize […]

MTG in esports joint venture deal with China’s Huya

Modern Times Group (MTG) has signed up to create a strategic joint venture as part of a deal that will see Chinese game live streaming platform Huya acquire a minority stake in MTG’s esports portfolio company ESL. MTG said that the deal, if completed, will further strengthen ESL’s position as the leading and largest esports […]

MTG looks to invest in Kongregate founder’s new gaming venture

Modern Times Group (MTG)-owned gaming outfit Kongregate’s CEO and co-founder Emily Greer is leaving the company to pursue a new gaming venture with the potential backing of Kongregate’s parent company. MTG is in discussions to invest in her new company through its VC fund backing gaming startups. Greer co-founded Kongregate with her brother Jim in […]

MTG completes Nova sale

Modern Times Group (MTG) has completed the sale of its 95% majority stake in Nova Broadcasting Group in Bulgaria to local buyer Advance Media Group.   The all-cash transaction game Nova an enterprise value of €185 million. MTG said it will use the proceeds of the sale to further develop its global digital entertainment business […]

MTG’s sale of Nova Group gets regulatory approval

MTG’s sale of its 95% shareholding in Bulgaria’s Nova Broadcasting Group to Advance Media Group has received regulatory approval and is expected to close in April 2019. The deal values Nova at €185 million (SEK 1,917 million) and will produce a net capital gain of approximately SEK 1,300 million. MTG said it will use the sale […]

MTG eSports unit in move to create new Swedish tournament

Modern Times Group (MTG)-owned eSports outfit DreamHack has teamed up with the Swedish Elite Football Association to create eAllsvenskan, a FIFA 19 eSports tournament set to take place in the spring. The eAllsvenskan will kick off on March 2 as part of the EA Sports FIFA 19 Global Series and will be broadcast live by […]

MTG’s Jette Nygaard-Andersen to leave group

Modern Times Group (MTG) digital chief Jette Nygaard-Andersen is to leave the group to pursue new opportunities. Nygaard-Andersen joined MTG in 2003 and has held several managerial positions within the group’s Nordic and international operations and, most recently, with MTG’s digital video content division. She will leave the group at the end of February. MTG CEO […]

NENT acquires WTA tennis rights

Modern Times Group’s soon-to-be-spun-off TV and streaming arm Nordic Entertainment Group (NENT Group) has acquired the exclusive Swedish, Norwegian and Finnish media rights to 50 tennis tournaments from the Women’s Tennis Association (WTA). The deal means that Nordic tennis fans can now follow players such as Denmark’s Caroline Wozniacki and Sweden’s Rebecca Peterson live on […]

Nordic Entertainment expands deal with Fox Networks Group

Nordic Entertainment (NENT), the soon-to-be-split-off TV and streaming arm of Modern Times Group (MTG) has expanded its long-term commercial partnership with Fox Networks Group, giving viewers in Denmark, Norway and Sweden access to shows from National Geographic on NENT Group’s streaming service Viafree, including programmes from the National Geographic Channel and NatGeo Wild. The agreement […]

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