Advanced Television

MTG

Lindblad named CEO of SF Studios

Iréne Lindblad has been appointed as CEO of SF Studios, effective October 16th. Lindblad is currently CEO of the production company Jarowskij and has many years of experience in leading positions in the film and TV industry. Lindblad was also previously Programme Director at MTG. “Iréne Lindblad has a background that makes her an excellent […]

August 14, 2023

MTG Q1 sales down 4%

During Q1 2023 MTG, the mobile gaming group, saw strong continued underlying growth from PlaySimple and Ninja Kiwi, with stabilisation and early signs of recovery from InnoGames, who despite a significant YoY decline saw encouraging improvements in the second half of the quarter. Revenues were down 4 per cent year on year in reported rates. […]

April 26, 2023

InnoGames announces strategic realignment

MTG’s German gaming studio, InnoGames, has announced a strategic organisational realignment of its business. InnoGames says this will help the studio become faster and more agile, while adapting to the rapidly evolving demands of the mobile gaming industry. InnoGames’ strategic realignment aims to accomplish three key objectives: Adapt a structure that will help the studio […]

April 13, 2023

MTG reports “solid growth” in Q1

Modern Times Group (MTG) has published financial results for the first quarter of 2022. The company reported Net sales of SEK 1,357 million (€130.3m) equal to pro forma YoY growth of 10 per cent, or 77 per cent reported revenue growth. Operational highlights Q1, continuing operations Strong performance underpinned by continued healthy growth of in-game […]

April 27, 2022

MTG completes sale of ESL Gaming to Savvy

Modern Times Group (MTG) has successfully closed the transaction to divest ESL Gaming to Savvy Gaming Group. ESL Gaming is therefore no longer part of MTG and will be reported as ‘Discontinued operations’ in the group’s financial results for Q1 2022 and will be deconsolidated from Q2. MTG says it will now continue its growth […]

April 21, 2022

Blu Digital appoints Epure as VP of Content Globalisation

Blu Digital Group, a media & entertainment technology company, has appointed Silviu Epure as Vice President of Content Globalisation of Blu’s current localization division. He will be tasked with leading the growing division that supplies dubbing, subtitling, and accessibility services to leading content distributors and platforms around the world. Epure joins Blu Digital with over […]

March 30, 2022

MTG benefits from acquisitions

Modern Times Group published its fourth quarter 2021 interim financial results with ‘a record operational result.’ MTG’s gaming vertical delivered a strong quarter driven by stellar performance from the newly acquired companies, Ninja Kiwi and PlaySimple, with net sales amounting to SEK 1,272 million (€115m) – and a year-over-year pro forma growth of 13 per […]

February 7, 2022

MTG sells ESL Gaming to Savvy for $1bn

Swedish eSports and gaming firm MTG has agreed to sell ESL Gaming to Saudi-backed Savvy Gaming Group at an enterprise value of $1.05 billion (€0.93bn). MTG, which owns 91.46 per cent of ESL Gaming, corresponding to $960 million, said it was expecting net proceeds of around $875 million from the deal, including transaction-related costs. It […]

January 26, 2022

MTG Q2 lifted by eSports revenue

Modern Times Group (MTG) has published its second quarter 2021 interim financial results report. MTG’s gaming vertical delivered a solid quarter driven by the inclusion of Ninja Kiwi and Hutch. The eSports vertical – in parallel with its accelerated investments ahead of an expected normalised 2022 – reported a return to positive revenue growth driven […]

July 20, 2021

MTG acquires PlaySimple

Modern Times Group (MTG) has announced the acquisition of 100 per cent of PlaySimple, a mobile word games developer from India. PlaySimple is a rapidly growing, profitable business and one of the global leaders in the attractive mobile word games genre. The up-front consideration amounts to approximately SEK 3,090 million(€304m) on a cash and debt […]

July 2, 2021