MTG


MTG and NENT Group secure €382m credit

Modern Times Group (MTG) and the newly separated Nordic Entertainment Group (NENT Group) have jointly agreed a SEK 4 billion (€382 million) five-year revolving credit facility with a group of six Nordic banks. The facility replaces MTG’s existing SEK 4 billion facility, which matures in December 2018, and will provide back-up funding for MTG’s SEK […]

New name for Viasat Sport Baltic channel

All Media Baltics, the Providence Equity Partners-backed outfit that took control of Modern Times Group’s assets in the Baltic states last year, has rebranded the Viasat Sport Baltic premium sports channel as TVPlay Sports. The company has said that it will continue the strategy of Viasat Sport Baltic to be the market leader for premium […]

MTG’s Zoomin.TV partners with Baidu

MTG-owned online video network, Zoomin.TV, has signed a deal with Baidu to produce a 144-episode original series for the Chinese company’s short-form platform, Haokan. Amazing China Stories will target ‘Gen Z’ viewers in the country and will consist of 12 episodes per-month for a year. The episodes will showcase “Generation Z stories of Chinese living […]

Gaming boosts MTGx as Modern Times Group preps for split

A strong contribution from gaming outfit InnoGames helped boost Modern Times Group’s MTGx unit’s revenues in the second quarter. MTGx, which will form the basis of the ‘new MTG’ following the split of the company later this year, saw sales rise 63% on a reported basis and 25% on an organic basis. The unit deliver […]

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 […]

NENT Merges Splay & Nice One to create branded entertainment powerhouse

On Monday June 18, MTG’s Nordic Entertainment Group announced that it had acquired the remaining 4% of shares in Splay for SEK8.8 million (€853,000). A few hours later it then revealed that it was merging Splay with Nice One to create SplayOne, a “Nordic powerhouse in branded entertainment operating as part of NENT Studios.” Prior […]

Kinnevik to distribute MTG shares to secure Tele2-Com Hem merger

Swedish conglomerate Kinnevik’s board has resolved to propose the distribution of all the company’s shares in Modern Times Group (MTG) to its shareholders, following a reclassification of Kinnevik’s MTG class A shares into MTG class B shares. The board intends to present the proposal at an EGM of shareholders during the third quarter. The move […]

Nordic Entertainment Group launches new corporate branding

Nordic Entertainment Group (NENT Group) has launched new corporate branding that is designed to reflect its ambitions to provide “the best and broadest entertainment experiences in the Nordic region and beyond.” The move comes ahead of NENT Group’s previously announced split from MTG, with each to operate as a separate organisation from 1 July. “The […]

MTG strategy chief to become Nordic Entertainment Group CFO

MTG’s chief strategy officer, Gabriel Catrina, is set to become chief financial officer of Nordic Entertainment Group as MTG prepares to divide its business in two. Catrina will combine the group CFO role with his previously announced position as executive vice president, chief strategy officer and head of M&A for Nordic Entertainment Group, effective July […]

MTG takes full control of digital video network Zoomin.TV

MTG has upped its stake in Zoomin.TV from 51% to 100% after agreeing to buy out the digital video network’s founders Jan Riemens and Bram Bloemberg. MTG acquired the remaining 49% of Zoomin.TV from Adversa Media Groep, which is controlled by Riemens and Bloemberg, paying a cash consideration of €6.2 million and settling Adversa’s €11.3 […]

1 2 3 28