Turtle Entertainment

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 […]

Hulu makes first eSports play with ESL deal

Hulu is set to move into eSports for the first time after agreeing a deal with ESL bring new gaming-themed series to the streaming platform. ESL will develop and produce four new eSports series that will premiere on the US VOD service later this autumn – Player v. Player, Bootcamp, Defining Moments and ESL Replay. […]

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 closes deal for Turtle Entertainment

The Modern Times Group has finalised a deal for Turtle Entertainment, the Cologne-based e-sports specialist. Turtle owns the ESL online games league, which is popular with online viewers. Its diet of online games leagues and competitions, which includes the ESL One and Intel Extreme Masters, has attracted over 70 million unique viewers over the last […]

MTG pays €78m for ‘e-sports’ stake

Modern Times Group is to acquire a 74% majority stake in Cologne-based e-sports specialist Turtle Entertainment, which operates the ESL ‘e-sports’ brand. MTG cited the dramatic growth in e-sports, which is expected to attract 260 million unique viewers by the end of this year, as the key motivation for the investment. MTG’s majority stake in […]