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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]