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 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 […]
OTT entertainment and technology provider Ownzones has struck a three-year partnership deal with MTG-owned online video network Zoomin.TV. Under the agreement, Zoomin.TV will create content for Ownzones’ media content and network platforms, while Ownzones will build at least ten dedicated mobile and over-the-top Zoomin.TV apps. Ownzones will use Zoomin.TV’s experience in producing Gen Z-targeted content […]
MTG-owned online video network Zoomin.tv is setting its sights on China after partnering with domestic internet giant Tencent. Zoomin.tv is now making video stories available via Tencent’s mobile messaging service WeChat, its social networking site Qzone and its news app Tian Tian Kuai Bao. Zoomin.tv said it is targeting some 1.5 billion Chinese viewers across the Tencent […]
MTG-backed MCN Zoomin TV is expanding in Germany, appointing Cengiz Kurt its new country manager. Kurt is the former CEO of video marketing business Clipkit and brings a 13-strong team from that business to Zoomin. Zoomin said today it wants to double revenues from Germany this year, working with traditional broadcasters in Germany including RTL […]
Twenty-sixteen was bookended by subscription VOD services taking their limited offers and launching them globally around the world – Netflix shocked the world by switching on in a total of 200 territories in January and Amazon Prime Video ended the year by doing the same (albeit after 12 months of flat-out denials). The impact for […]
FremantleMedia’s Tiny Riot! and MTG-owned Zoomin.TV have teamed to launch Continuum, a new music format that will start online before, they hope, transferring to TV. The digital firms’ new format will see four YouTube stars from four different countries, who have never met each other, united to create new songs and tap into each other’s fan […]
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 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 […]
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 […]
