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 […]

Top European MCN enters US market

Europe’s largest multi-channel operator, Zoomin.TV, has launched its production and distribution business in the US. The Amsterdam-based firm is the fourteenth-largest MCN globally, according to web analytics website SocialBlade, with more than 8,000 channels. Currently, around 500 more join the operator each month. It is also in the YouTube Partner Program. It has bases across […]