Modern Times Group


Kinnevik CFO quits MTG board ahead of shares distribution

Kinnevik chief financial officer Joakim Andersson has resigned from Modern Times Group’s board of directors following Kinnevik’s decision to distribute all of its shares in the media group to its shareholders. Andersson was appointed to the MTG Board of Directors in 2015. He was also a member of MTG’s audit committee and chairman of MTG’s […]

TDC to sell Norwegian business to Telia for €2.2bn

Danish telco TDC has agreed to sell its Norwegian business to Sweden’s Telia for NOK21 billion (€2.2 billion). TDC is selling cable operator Get and telecom subsidiary TDC Norway to Telia, leaving the Danish company to focus on its domestic operation. Telia said that the agreement would position it as a strong challenger in mobile, […]

TDC CEO to quit as Macquarie acquisition signals change in direction

Danish cable and telecom operator TDC’s CEO Pernille Erenbjerg is to leave the company after a transitional period, with Mike Parton appointed as temporary chairman of the company. Parton is currently chairman of Tele2, where he led the successful merger of the Swedish mobile group with cable operator Com Hem. He said following the conclusion […]

Vodafone in eSports partnership with ESL

Vodafone has struck an eSports partnership with Modern Times Group (MTG)-owned ESL that will see the international telco sponsor ESL’s flagship event series the Intel Extreme Masters, ESL One and ESL Pro League. Vodafone said that the partnership highlighted its ability to bring gamers and fans together from 25 countries where it has mobile and […]

MTG reports strong Q1 results ahead of business split

Modern Times Group (MTG) reported strong first quarter results with 9% organic growth and profits up 73% as it prepares to split the business into two by spinning off Nordic Entertainment Group. For the January-March period MTG reported record Q1 sales of SEK 4,674 million (€450 million) compared to SEK 3,704 million a year earlier, […]

MTG unveils Nordic Entertainment Group management team

Nordic Entertainment Group – the renamed and soon-to-be split-off broadcasting arm of Modern Times Group (MTG) – has named its new management team under CEO Anders Jensen. The new team will be effective as of July 1, following the split between the new MTG, which will focus on eSports and digital video content under current […]

MTG proposes gaming industry veteran for the board

Modern Times Group (MTG) has proposed that games and entertainment industry executive, Gerhard Florin, join its board of directors ahead of its annual general meeting next month. Florin is currently a board member of MTG subsidiary InnoGames and has previously served on the boards of games companies Funcom, Kobojo and King Digital Entertainment. Between 2006 […]

Modern Times Group to split in two

Modern Times Group (MTG) is to split in two, with its free and pay TV and studio activities folded into a separate company with its own stock market listing, leaving MTG itself to focus on eSports and digital video content. Nordic Entertainment Group will comprise MTG’s current Nordic Entertainment and MTG Studios units, as well […]

SVOD taking a greater share in Nordic markets

Subscription video-on-demand has grown its share of overall subscription video expenditure in the Nordic markets over the past year, with SVOD penetration outperforming other advanced markets, according to a report by Kagan. Kagan found that SVOD increased its share of the overall pay video market from 18% in 2016 to 22% last year. According to […]

TV4, Discovery, MTG and Telia team up in targeted ad initiative

Telia, TV4 Group, Discovery Networks and Modern Times Group (MTG) have teamed up to launch a new targeted advertising initiative in Sweden. The three broadcast groups have teamed up with Telia to provide dynamic advertising insertion on the Telia Play service, delivering localised advertising to individual subscribers based on the screen used and the location […]