MTG


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 […]

Nordic Entertainment names Viafree chief

Nordic Entertainment Group (NENT Group), formerly the broadcasting and streaming part of Modern Times Group, which began trading as a separate company last week, has appointed Cecilia Gave as SVP and group head of Viafree, its pan-Nordic advertising funded streaming service. Gave will join the group executive management team and will report to NENT Group […]

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 sells Bulgaria’s Nova Group at €185m valuation

MTG has agreed to sell its 95% shareholding in Bulgaria’s Nova Broadcasting Group to Advance Media Group in a deal that values the full business at €185 million (SEK 1,917 million). MTG said it would use the proceeds of the deal to develop its digital entertainment verticals via organic investment in mergers and acquisitions, with […]

MTG reports gains ahead of business split

Modern Times Group (MTG) reported full-year gains in sales, profits and margins in 2018 as it prepares to split into two companies – MTG and Nordic Entertainment Group (NENT Group) – in March. Announcing its full year and fourth quarter results, the company said that Nordic Entertainment maintained its strong performance, while MTGx – its […]

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 […]

MTG enters new Nova sale talks, secures financing

MTG has entered discussions with other potential buyers for Nova Broadcasting Group, after Bulgaria’s competition regulator blocked the planned sale of the company to PPF Group last year. In a statement, MTG said its previously-announced deal to sell its 95% shareholding in Nova to the investment company controlled by Czech billionaire and businessman Petr Kellner has now […]

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 […]

MTG’s InnoGames and Zoomin.TV prep video series

MTG’s online and mobile games developer, InnoGames, and its Generation Z-focused content production unit, Zoomin.TV, are due to collaborate on a new video series. The series will showcase InnoGames’ portfolio with a focus on the company’s flagship game Forge of Empires and its recently launched title Warlords of Aternum. MTG said that the project sets the scene for […]

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