MTG


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 ($18 million) in its Q3 results. In a statement released Friday, MTG said that it has paid roughly SEK152 million ($17 million) to up its stake in Turtle Entertainment – which […]

MTG’s Catrina 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 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 […]

MTG completes Trace sale

MTG has appointed two new members to its leadership team following its decision to split the business into two companies – MTG and Nordic Entertainment Group. Both appointments are for the new MTG, which after the split will comprise MTG’s current esports, online gaming and digital video content operations. Peter Nørrelund, who is currently executive […]

Nordic Entertainment names senior team ahead of MTG split

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 unveils Those Who Kill reboot for Viaplay

Modern Times Group (MTG) has announced plans for a new original series based on the 2011 Danish psychological crime drama Those Who Kill. The new version of Those Who Kill will be produced by Miso Films for MTG’s Nordic video streaming service Viaplay, and will subsequently air on MTG’s free-to-air TV channel TV3 in Denmark, […]

MTG promises ‘more growth and higher profits’ post split

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 […]

TBI Weekly: Originals propel local SVOD success

This week, MTG revealed its Nordic SVOD service Viaplay has seen positive results as the streamer brought in more originals than ever in 2017. During this time, and with eight new originals in tow, the Nordic service has seen viewing time increase by 25%, and the number of customers grow by 21% between 2016 and […]

Stats show SVOD net Viaplay climbed 25% last year as new original arises

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 […]

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