Modern Times Group


Modern Times Group is a digital entertainment company based in Stockholm, Sweden. MTG was formed out of the media holdings of investment company Kinnevik, which in 1997 was distributed to the company stockholders. Today MTG operates as a strategic and operational investment holding company managing a unique portfolio including esports businesses ESL and DreamHack, gaming companies InnoGames and Kongregate as well as digital network company Zoomin.TV.
Kinnevik distributed the MTG shares to its shareholders in 2018 and in 2019 MTG distributed shares in the newly founded Nordic Entertainment Group to its shareholders following the strategic transformation into a global digital entertainment company.

Company 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. 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

1987

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.