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Modern Times Group (MTG) 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. MTG operates Zoomin.TV, as well as eSports businesses, ESL and Dreamhack.

Modern Times Group MTG AB
Publicly traded Aktiebolag
Traded asNasdaq StockholmMTG A
MTG B
IndustryMedia
SuccessorNordic Entertainment Group
Founded1987; 31 years ago (1987)
HeadquartersStockholm, Sweden
Key people
David Chance (Chairman)
Jorgen Madsen Lindemann (President and CEO)
Maria Redin (CFO)
ProductsFree-to-air and subscription television video on demand broadcasting, television production, radio broadcasting, online retail
ParentKinnevik AB
Websitewww.mtg.com

Contents

Company structureEdit

Since July 2015, MTG's digital presence was expanded through a number of acquisitions. MTG bought 74% of the shares in Turtle Entertainment, the company that runs Electronic Sports League (ESL), an eSports tournament organiser. MTG then acquired 51% of the shares in Zoomin.TV, Europe's largest MCN and the 5th largest network on YouTube. Also very recently, MTG made the acquisition of 100% of DreamHack, one of the biggest eSports tournament organisers in the world.

TimelineEdit

1987Edit

  • TV3 launches in Sweden on New Year's Eve becoming the first commercial channel in Scandinavia.

1988Edit

  • TV3 starts broadcasting to Norway and Denmark. The number of viewers increase from 1.2 million at launch to 3.4 million at end of 1988.
  • Strix launches independent TV production.

1989Edit

  • August: Pay TV channel TV1000 launches.
  • TV Shop starts selling products and services on TV3.

1990Edit

  • TV3 achieves 45% penetration in Sweden and commands 90% of TV advertising market.
  • Acquisition of majority shareholding in Svensk Text (SDI Media).
  • September: TV3 Denmark launches, replacing the Pan-Scandinavian version.

1991Edit

  • TV3 reports annual profit.
  • TV3 Norway launches, each Scandinavian country now has its own version of TV3.
  • TV4 granted license as Sweden's third terrestrial TV station. Kinnevik acquires 30% shareholding in TV4.
  • Launch of Viasat DTH satellite pay-TV platform.
  • TV1000 merges with competitor SF Succé.

1992Edit

  • ZTV's first year as independent channel.
  • Kinnevik's media companies report annual profit.

1993Edit

  • September: P4 Radio Hele Norge a national commercial radio network in Norway is launched. MTG is one of its founders.
  • First commercial radio licenses obtained in Sweden. TV3 commences Teletext broadcasting.
  • Terrestrial TV channels launched in Estonia and Lithuania.

1994Edit

  • TV4 becomes largest channel in Sweden.
  • TV6 launched.

1995Edit

  • MTG incorporated as Kinnevik subsidiary.
  • Metro launched in Stockholm.
  • Minority holding acquired in Finanstidningen daily business newspaper.

1996Edit

  • Satellite TV distribution platform switched from Astra to NSAB.
  • January: Radio Rix radio network formed through a merger between MTG's P6 and SRU.
  • April: ZTV and TV6 merged to form 3+ in Denmark.

1997Edit

  • Launch of Viasat+, an analogue low-pay satellite package broadcast from the NSAB satellite consisting of MTG's own television channels as well as Nickelodeon, VH1 and Sci-Fi Channel.
  • Shares in MTG distributed to Kinnevik shareholders and listed on Stockholm Börsinformation and Nasdaq National Market in New York. Second Metro edition published in Prague.
  • Strix becomes first company in the world to produce the Survivor reality TV format.

1998Edit

  • February: Metro launches in Gothenburg.
  • March: TV6 in Sweden relaunches as a Pan-Nordic pay channel called "TV6 Nature World" and "TV6 Action World".
  • ZTV moves from Stockholm to London and expands its schedule considerably.
  • MTG acquires the Latvian television channel Channel 31, which is later transformed into TV3 Latvia.
  • Viasat's satellite TV subscribers exceed 1 million.
  • Commercial radio operations launched in Estonia and Latvia.
  • September: Metro launches in Budapest.

1999Edit

  • Metro launched in Malmö, Helsinki and the Netherlands.
  • Monthly magazine Kapital launched in Sweden.
  • Internet portal Everyday.com introduced.
  • Swedish business channel TV8 acquired.
  • MTG's shares quoted on Stockholmsbörsen O-list.
  • February: Launch of CDON.COM.
  • March: Launch of sports channel Viasat Sport.
  • June: Darial-TV started broadcasting as DTV-Viasat.

2000Edit

  • March: Launch of television channel Viasat Plus in Norway.
  • Annual General Meeting approves distribution of Metro International S.A. share capital to MTG shareholders.
  • Hans-Holger Albrecht appointed President and CEO of MTG.
  • MTG buys the Hungarian television channel Alfa TV which becomes Viasat3.
  • PIN24 launches on Sky TV's platform in UK.
  • MTG buys the rest of TV1000 from its parent company.
  • Viasat launched its digital satellite platform.

2001Edit

  • May: Viasat becomes first European satellite TV broadcaster to switch off analog transmission of premium pay-TV channels following successful transition to digital TV.
  • TV3 awarded national terrestrial broadcasting license in Latvia.
  • Digital home-shopping channel PIN24 launched in Denmark.
  • MTG acquires 75% of Russian national commercial TV channel.
  • Options to Strix reality TV formats sold in over 30 countries to date.
  • Viasat launches four new digital pay-TV channels in Nordic region.
  • EUR 120 million convertible subordinated bonds issued to fund further expansion.
  • Number of Viasat digital DTH subscribers increases to over 550,000 by year-end.

2002Edit

  • January: Viasat Sport Denmark and Viasat Explorer launches.
  • January: Acquisition of 37 percent of StoryFirst Communications, Inc., owner of the Russian CTC network.
  • January: Acquisition of Swedish radio stations Lugna Favoriter and WOW 105.5 from RTL Group.
  • New TV3 schedule recovers share of viewing in Scandinavia.
  • Doubling of Eastern European TV revenues.
  • Launch of PIN24 in Germany, Austria and Switzerland
  • Launch of Tango TV in Lithuania.
  • Increase in number of digital DTH subscribers to 617,000 and more than doubling of pay-TV operating income.
  • TV1000 and Baltic operations both report first annual profits, and TV-Shop turned around. SEK 423 million increase in operating free cash flow.

2003Edit

  • TV3 Scandinavia recovers share of viewing and advertisement sales.
  • Eastern European operations profitable on a combined basis.
  • Pay-TV record operating income SEK 505 million.
  • Viasat signs agreement with NDS VideoGuard to eliminate piracy.
  • Launch of pay TV channels TV 1000 East and Viasat Explorer in Eastern and Central Europe.

2004Edit

  • MTG reports highest ever operating result.
  • February: Launch of Viasat Sport 2 and Viasat Sport 3
  • May: Viasat History launches in Eastern Europe.
  • September: Launch of TV1000 Action, TV1000 Classic, TV1000 Family and TV1000 Nordic.
  • Viasat successfully completes implementation of new conditional access system.
  • Highest net subscriber intake since digitalisation of platform in 2000.
  • Viasat's four channels reach 6.4 million homes in Central and Eastern Europe.
  • MTG acquires remaining minority interests in DTV and increases its shareholding in CTC Media and Radio Hele Norge following sale of SDI Media for US$60 million.
  • MTG acquires 19.9% of betting company BET24.
  • MTG also signs agreement with NRJ Group to assume management of 20 radio stations in Sweden (and 5 in Norway), thereby increasing penetration for MTG's national network to 83%.

2005Edit

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.[1]

2006Edit

  • March: MTG became majority shareholder of Bet24, owning 90% of the company.[9]
  • May: TV6 launches in Sweden.
  • September: MTG increases its holding P4 Radio Hele Norge to 90.8 percent, becoming the sole owner in December.
  • November: Viasat Sport East launches.

2007Edit

2008Edit

2009Edit

2010Edit

2011Edit

  • March: Prima love launches in the Czech Republic.
  • August: M.A.P. launches her first production in Ghana.
  • September: Kino Nova launches in Bulgaria, replacing Diema 2.
  • October: TV8 opened in Lithuania. CTC-Media launched Peretz based on DTV.
  • November: CTC opened in Baltic.

2012Edit

2013Edit

  • January: Radio station NRJ Sweden sold to SBS Sweden (ProSiebenSat.1). In Denmark running TV3 Sport 1.
  • February: Prima ZOOM opened in Czech Republic. Running TV3 Sport 2 in Denmark.
  • March: Running HD-version TV3 Denmark.
  • November: TV6 opened in Norway.
  • June: Nova Premier League HD in Bulgaria is closed down.
  • July: Nova Sport HD launches in Bulgaria.

2014Edit

  • February: MTG acquires 75% Trace Partners SAS (brand 'TRACE')
  • December: Russian satellite TV-platform Raduga TV closed down.[4]

2015Edit

  • February: MTG sold Hungarian Free-TV channels (Viasat 3, Viasat 6 and Hungarian video-portal Viasat Play) to Sony Pictures Television Networks.[5]
  • February: Diema Sport launches in Bulgaria.
  • June: MTG acquires 74% of the German gaming company Turtle Entertainment.[6]
  • August: Diema Sport 2 launches in Bulgaria.
  • September: MTG acquires majority stake in esports company Turtle Entertainment and its subsidiaries Electronic Sports League (ESL)[7]
  • October: MTG sold Viasat Russian & international pay-TV channels (factual, movie and sports channels in Russia. TV1000 and pan-regional factual channels in international) to Baring Vostok Company in international and LLC Sinerdzhi in Russia.[8]
  • November: MTG acquires Swedish esports tournament DreamHack[9]
  • December: MTG and minoritaries sold 75% CTC Media to ″UTH Holding″ in Russia.

2016Edit

  • March: MTG sold Ukrainian pay-TV company Viasat Ukraine to 1+1 Media Group.[10] In Latvia, Russian-language channel TV5 closed down.
  • May: MTG took a 22 per cent stake in Engage Sports Media (ESM). ESM described the deal as a ‘strategically important investment’ that will allow ESM to accelerate its growth and focuses on content IP development, technical tools and adding new talent across the business. Arnd Benninghoff, CEO of MTGx said “this investment reflects our focus on becoming the leading digital video entertainment company in each of our markets, and our strategy to invest in relevant, complementary and scalable digital brands, content and communities.”
  • August: For the Nordic Market, Viasat launches Scandinavia's first UHD Channel to deliver select Rio 2016 OL programs (and future UHD Sports Broadcasts) as well as a new HD Sports Channel branded "Viasat Sport Premium.",[11][12]
  • December: MTG sold African business (Viasat 1 (Ghana), TV1 (Tanzania) and Modern African Production (MAP)) to Econet Media Group.[13]

2017Edit

2018Edit

  • January: MTG sold TRACE Media Group to TPG Growth.[28] In May 2018, the transaction was completed.[29]
  • February: MTG business in Scandinavia (MTG Nordic Entertainment and MTG Studios) combination with TDC Group proposed.[30] MTG sold Nova Broadcasting Group in Bulgaria to PPF Group.[31]
  • March: Board of Directors of TDC Group withdraws its recommendation of combination with MTG Nordics.[32] Modern Times Group (MTG) will split into two companies: Nordic Entertainment Group[33] (MTG Nordic Entertainment, MTG Studios and Splay Networks) and new MTG company (MTGx).[34]
  • May: MTG increased the share in Zoom.in Group B.V. (Zoomin.TV) from 51% to 100%.[35]
  • June: Nordic Entertainment Group companies Splay Networks and Nice One will merge to new company SplayOne.[36]

ReferencesEdit

  1. ^ "Modern Entertainment sells titles to Lions Gate". L.A. Biz. American City Business Journals. July 11, 2005. Retrieved January 18, 2017.
  2. ^ Therese Gustafsson (2010-09-06). "EM-kvalet – direkt i ny kanal". Aftonbladet.
  3. ^ "MTG LAUNCHES VIASAT 3D". mtg.com. 16 December 2010. Retrieved 12 January 2018.
  4. ^ "Raduga TV to close down, Viasat Russia to launch 5 new HD channels". mtg.com.
  5. ^ "MTG to sell Hungarian free-TV channels". mtg.com.
  6. ^ "MTG invests in world's largest esports company ESL". mtg.com. Archived from the original on 2015-07-01.
  7. ^ Clarke, Stewart (September 1, 2015). "MTG closes deal for Turtle Entertainment". TBI Vision. Retrieved November 12, 2015.
  8. ^ "MTG sells Russian & international pay-TV channels businesses - MTG".
  9. ^ "MTG acquires DreamHack". MTG. November 12, 2015. Retrieved November 12, 2015.
  10. ^ "MTG sells Ukrainian TV business - MTG".
  11. ^ Ladingkær, Lars (13 May 2016). "Magnussen i 4K? - Viasat først med UHD kanal - recordere.dk".
  12. ^ "Danmon Builds Scandinavia's first UHD Channel - LIVE-PRODUCTION.TV". www.live-production.tv.
  13. ^ "MTG completes sale of TV businesses in Ghana and Nigeria - MTG".
  14. ^ "MTG sells Czech TV holding to invest further in digital transformation - MTG".
  15. ^ "MTG completes Czech TV sale". Broadband TV News. 24 April 2017.
  16. ^ "MTG sells Baltic broadcasting businesses - MTG".
  17. ^ "MTG completes the sale of its Baltic broadcasting businesses - MTG".
  18. ^ "MTG increases ownership in online games developer InnoGames - MTG".
  19. ^ "MTG acquires Kongregate".
  20. ^ TV3 MAX – ny tv-kanal på vej fra MTG / Viasat af Bo Kjærgaard. Digitalt.tv, 23. August 2017.
  21. ^ "MTG sells Baltic broadcasting businesses | MTG". MTG. Retrieved 2018-07-25.
  22. ^ "MTG sells Baltic broadcasting businesses for €115m". LSM.lv. Retrieved 2018-07-25.
  23. ^ "All Media Baltics to Deliver Top-quality TV Reception via SES Video". Business Wire. Retrieved 2018-07-25.
  24. ^ "SES inks All Media Baltics deal". Broadband TV News. 2017-12-19. Retrieved 2018-07-25.
  25. ^ "Acquisition of MTG's business in Baltics completed; new company to be named All Media Baltics". The Baltic Times. Retrieved 2018-07-25.
  26. ^ "MTG secures rights to UEFA Futsal tournament". digitaltveurope.com. 15 December 2017. Retrieved 12 January 2018.
  27. ^ "ESL owner MTG launches $30 million gaming investment fund". EsportsBets.com. 2017-12-04. Retrieved 2017-12-05.
  28. ^ "MTG sells stake in TRACE media group".
  29. ^ [1]
  30. ^ [2]
  31. ^ [3]
  32. ^ [4]
  33. ^ [5]
  34. ^ [6]
  35. ^ [7]
  36. ^ [8]