MTG


MTG merges esports brands ESL Gaming and DreamHack

Swedish Modern Times Group (MTG) has announced the merger of its esports brands ESL Gaming and DreamHack. ESL Gaming is the world’s largest esports brand while DreamHack is described by MTG as “the premier gaming lifestyle company”. MTG acquired the pair in 2015, and has announced their merger in order “to increase competitiveness, accelerate products […]

Modern Times Group names new CEO

Modern Times Group (MTG) has named its chief financial officer Maria Redin as president and CEO with immediate effect. The appointment follows the July resignation of Jorgen Madsen Lindemann, who will continue to act as an adviser to the company until the end of his notice period. MTG has meanwhile named Lars Torstensson as its […]

NENT Group hires Peter Nørrelund as it looks to expand streaming and sports portfolios

Nordic Entertainment Group (NENT Group) has announced the appointment of Peter Nørrelund as its EVP and head of expansion and sport. Reporting to CEO Anders Jensen, Nørrelund will be responsible for enhancing NENT’s growing sports rights portfolio while also expanding its Viaplay streaming service. The company’s sports rights portfolio includes the English Premier League, UEFA […]

MTG esports outfits strike exclusive streaming deal with Twitch

Modern Times Group (MTG)-owned esports outfits ESL and DreamHack have struck a three-year streaming agreement with leading esports streaming service Twitch that will seeesports tournaments organized by the pair live streamed exclusively on Twitch in 2021 and 2022. As part of the partnership, Twitch will become a centralised hub for streaming ESL and DreamHack competitions, […]

NENT Group becomes co-owner of eSuperliga

Streaming-oriented Nordic Entertainment Group (NENT Group) has become the co-owner of Danish FIFA esports competition eSuperliga.  As a part of the deal, NENT picked up the media rights to the tournament across the Denmark, Finland, Iceland, Norway and Sweden. eSuperliga claims to be the biggest FIFA tournament in Denmark, attracting “some of the largest audiences […]

MTG takes hit from write-downs and redundancy costs

Nordic digital media outfit MTG is to write-down SEK165 million (€39 million) of discontinued assets and will take a SEK190 million hit from additional write-downs and costs associated with a cost-cutting and redundancy programme initiated at the end of last year in its Q4 results. The SEK165 million relates to the sale of Zoomin to […]

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 […]

Nordic Entertainment sees jump in Viaplay subscribers

Nordic Entertainment Group (NENT) has turned in its first quarterly report as an independent listed company with solid sales growth and a big jump in its Viaplay subscriber base. Viaplay subscribers were up 99,000 compared to the fourth quarter, and now represent 59% of Nordic Entertainment’s total base. Viaplay now has 1.357 million customers. Sales […]

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 […]

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