MTG


MTG’s Dreamhack and Discovery partner to create eSuperliga

MTG-owned eSports company Dreamhack has partnered with Discovery Networks Denmark and the country’s top football league, Danish Superliga, to create a national FIFA gaming league. The inaugural eSuperliga season will kick off on November 5 and will run across seven weeks, with 16 top-tier Danish football clubs competing against each other by playing EA Sports’ […]

MTG increases eSports investment, writes down Zoomin.TV assets

MTG has increased its stake in eSports business Turtle Entertainment and has announced that it will write-down the value of Zoomin.TV by SEK169 million (€16.4 million) in its Q3 results. In a statement released Friday, MTG said that it has paid roughly SEK152 million (€14.3 million) to up its stake in Turtle Entertainment – which […]

Nordic Entertainment to be listed next March

Modern Times Group is to move ahead with the split-off of broadcasting and streaming arm Nordic Entertainment Group, with a listing for new company planned for the first quarter of next year. MTG said that a request for approval of the plan to float Nordic Entertainment would be put to an extraordinary general meeting in […]

Kinnevik completes distribution of MTG shares

Sweden’s Kinnevik has completed the completed the distribution of its shares in Modern Times Group to its shareholders, signaling its exit from ownership of the media company. Kinnevik has distributed a total of 13,503,856 MTG Class B shares to its shareholders. This total includes 4,461,691 MTG Class B shares that have been recently reclassified from […]

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 […]

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