MTG moves into online gaming

Modern Times Group has moved into online gaming by buying a 35% stake in German online games developer and publisher, InnoGames. The deal, which values InnoGames at €260 million (US$287 million), will see MTG take the stake from Eight Roads Ventures, and the company’s founders with the option to buy a further 16% at the […]

MTG restructures after digital boss exits

MTG chief digital office Rikard Steiber is leaving the company amid a company restructure of its digital operations, the latest of a line of changes at the TV and media firm. Steiber had been running the Viaplay streaming service as well as the digital MTGx division. Jonas Karlén (left) took control of Viaplay earlier this year […]

MTG pays $28.2m for Scandi e-sports firm

The Modern Times Group has moved further into the burgeoning e-sports space by acquiring leading Scandinavian firm DreamHack for SEK244 million (US$28.2 million). This comes after the acquisition of German e-sports company Turtle Entertainment (aka ESL) for around US$87 million in cash and deals for Swedish MCN Splay and Amsterdam-based Zoomin.TV. MTG is buying 100% of […]

MTG records US$84m of restructuring costs

The Modern Times Group has said its recent restructuring has cost it SEK700 million (US$84 million) in the most recent quarter. The free and pay TV group has undertaken a company-wide restructure, announcing 300 job losses in August as part of a programme of cuts across its operations in Sweden, Norway, Denmark and the UK. […]

MTG makes US$50m Zoomin.TV investment

Modern Times Group (MTG) has bought a 51% stake multi-channel network Zoomin.TV for roughly €44.9 million (US$48.7 million), in its third major online video investment in less than a month. Amsterdam-headquartered Zoomin claims to be the fifth largest MCN in the world with more than 2 billion monthly video views, 100 million global subscribers and […]