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Modern Times Group MTG AB
TypePublicly traded Aktiebolag
Nasdaq StockholmMTG A
MTG B
IndustryMedia
Founded1987; 35 years ago (1987)
HeadquartersStockholm, Sweden
Key people
David Chance (Chairman)
Maria Redin (President and CEO)
Lars Torstensson (CFO)
ProductsTelevision, eSports, Online games and Digital networks
RevenueDecrease SEK 3.997 Billion (Fiscal Year Ended 31 December 2020)[1]
Increase SEK 0.035 Billion (Fiscal Year Ended 31 December 2020)[1]
Increase SEK -0.096 Billion (Fiscal Year Ended 31 December 2020)[1]
Total assetsIncrease SEK 10.800 Billion (Fiscal Year Ended 31 December 2020)[1]
Total equityDecrease SEK 5.216 Billion (Fiscal Year Ended 31 December 2020)[1]
SubsidiariesInnoGames
Turtle Entertainment GmbH (ESL)
Dreamhack
Kongregate
Ninja Kiwi
Websitewww.mtg.com

Modern Times Group (MTG) is a digital entertainment company based in Stockholm, Sweden. It formed from the media holdings of investment company Kinnevik, which in 1997 was distributed to the company stockholders. It is a strategic and operational investment holding company, managing a portfolio including gaming companies InnoGames, Ninja Kiwi and Kongregate, and digital network company Zoomin.TV.

Kinnevik distributed the MTG shares to its shareholders in 2018[2] and in 2019 MTG distributed shares in the newly founded Nordic Entertainment Group (now Viaplay Group) to its shareholders following the strategic transformation into a global digital entertainment company.[3]

Structure

Since July 2015, MTG's digital presence was expanded through a number of acquisitions. In 2015 MTG bought 74% of the shares in Turtle Entertainment, a top-tier esports tournament operator, owning brands such as Electronic Sports League (ESL). MTG then acquired 51% of the shares in Zoomin.TV, Europe's largest MCN and the 5th largest network on YouTube. Later the same year MTG made the acquisition of 100% of DreamHack, one of the biggest esports tournament organisers in the world. In 2016 and 2017 MTG continued its journey by acquiring 35% of a leading German games developing company InnoGames and U.S. based games publishing company Kongregate. Since the start of its investment operations, MTG has made further share acquisitions in the before-mentioned companies.

Timeline

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Below is a timeline of MTG milestones since 1987.

1980s

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

MTG sells its 15.1 percent interest in TV4 AB in January 2005. In March, CTC Media launches the Domashny television network in Russia.

In July 2005, Modern Entertainment Ltd., its film rights unit in Los Angeles, agreed to sell 332 films to Lionsgate Films and shut down its operations to focus on European operations.[4]

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020s

References

  1. ^ a b c d e "Modern Times Group MTG AB 2020 Annual Report" (PDF). cision.com. 31 December 2020. Retrieved 4 November 2021.
  2. ^ "Kinnevik's Board of Directors has set the record date for the distribution of Kinnevik's shares in MTG | Kinnevik". www.kinnevik.com. Retrieved 2019-04-03.
  3. ^ "One becomes two: MTG and Nordic Entertainment Group split". MTG. Retrieved 2019-04-03.
  4. ^ "Modern Entertainment sells titles to Lions Gate". L.A. Biz. American City Business Journals. July 11, 2005. Retrieved January 18, 2017.
  5. ^ "Betting med høje odds, online casino med kortspil og poker | Unibet DK". www.unibet.dk.
  6. ^ Therese Gustafsson (2010-09-06). "EM-kvalet – direkt i ny kanal". Aftonbladet.
  7. ^ "MTG LAUNCHES VIASAT 3D". mtg.com. 16 December 2010. Retrieved 12 January 2018.
  8. ^ "Raduga TV to close down, Viasat Russia to launch 5 new HD channels". mtg.com.
  9. ^ "MTG to sell Hungarian free-TV channels". mtg.com.
  10. ^ "MTG invests in world's largest esports company ESL". mtg.com. Archived from the original on 2015-07-01.
  11. ^ Clarke, Stewart (September 1, 2015). "MTG closes deal for Turtle Entertainment". tbivision.com. Retrieved November 12, 2015.
  12. ^ "MTG sells Russian & international pay-TV channels businesses - MTG".
  13. ^ "MTG sells central and eastern Europe pay TV channels - Omdia". technology.informa.com. Retrieved 2020-04-27.
  14. ^ "MTG sells Russian & international pay-TV channels businesses". MTG. Retrieved 2020-04-27.
  15. ^ "MTG acquires DreamHack". MTG. November 12, 2015. Retrieved November 12, 2015.
  16. ^ "MTG sells Ukrainian TV business - MTG".
  17. ^ Ladingkær, Lars (13 May 2016). "Magnussen i 4K? - Viasat først med UHD kanal - recordere.dk".
  18. ^ "Danmon Builds Scandinavia's first UHD Channel - LIVE-PRODUCTION.TV". www.live-production.tv.
  19. ^ "MTG completes sale of TV businesses in Ghana and Nigeria - MTG".
  20. ^ "MTG sells Czech TV holding to invest further in digital transformation - MTG".
  21. ^ "MTG completes Czech TV sale". Broadband TV News. 24 April 2017.
  22. ^ "MTG sells Baltic broadcasting businesses - MTG".
  23. ^ "MTG completes the sale of its Baltic broadcasting businesses - MTG".
  24. ^ "MTG increases ownership in online games developer InnoGames - MTG".
  25. ^ "[Announcement] News about Kongregate discussion on Kongregate". www.kongregate.com.
  26. ^ TV3 MAX – ny tv-kanal på vej fra MTG / Viasat af Bo Kjærgaard. Digitalt.tv, 23. August 2017.
  27. ^ "MTG sells Baltic broadcasting businesses | MTG". MTG. Retrieved 2018-07-25.
  28. ^ "MTG sells Baltic broadcasting businesses for €115m". LSM.lv. Retrieved 2018-07-25.
  29. ^ "All Media Baltics to Deliver Top-quality TV Reception via SES Video". Business Wire. Retrieved 2018-07-25.
  30. ^ "SES inks All Media Baltics deal". Broadband TV News. 2017-12-19. Retrieved 2018-07-25.
  31. ^ "Acquisition of MTG's business in Baltics completed; new company to be named All Media Baltics". The Baltic Times. Retrieved 2018-07-25.
  32. ^ "MTG secures rights to UEFA Futsal tournament". digitaltveurope.com. 15 December 2017. Retrieved 12 January 2018.
  33. ^ "ESL owner MTG launches $30 million gaming investment fund". EsportsBets.com. 2017-12-04. Retrieved 2017-12-05.
  34. ^ "MTG sells stake in TRACE media group".
  35. ^ "MTG completes the sale of its stake in TRACE media group".
  36. ^ a b "MTG Nordics and TDC Group combine operations". MTG. Archived from the original on 12 February 2018. Retrieved 2021-05-26.
  37. ^ "MTG announces sale of Nova Group".
  38. ^ "Home page". Nordic entertainment group.
  39. ^ "One becomes two: MTG and Nordic Entertainment Group split".
  40. ^ "MTG increases ownership in Zoomin.TV".
  41. ^ "Splay and Nice One to become SplayOne".
  42. ^ "Press Releases - IR page". Nordic entertainment group. Retrieved 2019-04-03.
  43. ^ "Ninja Kiwi Special Announcement | Ninja Kiwi Blog". ninjakiwi.com. Retrieved 2021-03-25.
  44. ^ "MTG acquires Bloons studio Ninja Kiwi". GamesIndustry.biz.
  45. ^ "MTG acquires leading tower defence gaming studio and publisher Ninja Kiwi". 25 March 2021.
  46. ^ a b "MTG acquires word games developer PlaySimple". 5 July 2021.
  47. ^ Jeffrey, Rousseau (24 January 2022). "Savvy Gaming Group purchases ESL Gaming and FaceIt". GamesIndustry.biz. Retrieved 2022-01-25.