MTG


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 […]

MTG: business split will enable more growth and higher profits

MTG’s decision to split the business in two will create greater focus and flexibility and enable more growth, higher profits and increased shareholder value, according to CEO Jørgen Madsen Lindemann. In a statement issued with MTG’s annual report, Lindemann said that transformation has always been part of the company’s DNA and the formation of its digital arm MTGx […]

MTG appoints Sweden CEO

MTG has appointed its head of Nordic Entertainment Operations, Filippa Wallestam, as the new chief executive officer (CEO) of MTG Sweden. In line with changes to MTG’s corporate structure, Wallestam, who first joined MTG in 2014, also becomes the future CEO of Nordic Entertainment Group Sweden. The news comes after MTG last week announced that it […]

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 […]

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 […]

MTG: viewing of Viaplay climbed 25% in 2017

Nordic subscription video-on-demand service Viaplay saw viewing time increase by 25% during 2017, according to stats released by parent company MTG. Customers spent an average of 32 hours per month streaming Viaplay last year, while the number of started streams rose 40.5% between 2016 and 2017. Over the same period, MTG said the total number […]

MTG sells Bulgaria’s Nova Group

MTG has sold its 95% shareholding in Nova Broadcasting Group in Bulgaria in a deal that values the full business at €185 million (SEK 1.83 billion). MTG sold its Nova stake to PPF Group, the investment company controlled by Czech billionaire and businessman Petr Kellner, with the deal forming part of MTG’s ongoing strategic transformation […]

TDC accepts €5.4bn takeover, drops MTG plan

TDC’s board has recommended shareholders accept a €5.4 billion takeover offer from a consortium of bidders, in a move that lays to rest plans to buy MTG’s Nordic broadcasting and entertainment business. TDC received an offer from Macquarie Infrastructure and Real Assets and three pension funds – PFA, PKA and ATP – to buy the […]

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