Modern Times Group boosted by Nordic TV and InnoGames

Innogames mtg

Modern Times Group’s Nordic entertainment group and its newly majority-owned games subsidiary InnoGames contributed to strong sales and profitability in the second quarter, with the… Read more

MTG ups InnoGames stake to 51%

Innogames mtg

Modern Times Group (MTG) has invested €82.6 million to increase its shareholding in mobile and browser-based games company, InnoGames, from 21% to 51%. The agreement… Read more

MTG plays the digital game

Innogames mtg

MTG has made a string of bold investments in recent times while selling off traditional TV assets. Arnd Benninghoff, the head of its digital division, MTGx, explains the strategy to Andy McDonald. Nordic television company… Read more

MTG sells Czech TV assets to invest in ‘digital transformation’

Jørgen Madsen Lindemann, MTG president and CEO.

Modern Times Group has sold its 50% shareholding in Czech free-to-air broadcaster Prima, with plans to invest further in “digital transformation”. Announcing the sale, Nordic free and pay TV broadcaster MTG said it is considering using… Read more

MTG completes InnoGames stake acquisition

Innogames mtg

Nordic free and pay TV broadcaster Modern Times Group has completed its previously announce acquisition of 21% of InnoGames, the Germany-based online games developer and publisher. MTG will acquire a further 14% of InnoGames during… Read more

MTG moves into gaming with InnoGames investment

Innogames mtg

Modern Times Group (MTG) has moved into online gaming by buying a 35% stake in German online games developer and publisher, InnoGames. The deal, which values InnoGames at €260 million, will see MTG take the… Read more