
Investments
18Portfolio Exits
9Funds
1Partners & Customers
10About Modern Times Group
Modern Times Group (STO:MTGB) (STO:MTGA), aka MTG, is an international entertainment broadcasting group. The company's operations span six continents and include TV channels and platforms, online streaming platforms and services, content production and distribution businesses, radio stations, multi-platform networks (MPNs), and eSports.
Modern Times Group Headquarter Location
Skeppsbron 18 Box 2094
Stockholm, 111 30,
Sweden
+46 8 562 000 50
Expert Collections containing Modern Times Group
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Find Modern Times Group in 1 Expert Collection, including Gaming.
Gaming
5,530 items
We define eSports as competitive gaming facilitated by electronic systems, in particular video games played on computers or consoles by professional gamers (though many do it as a hobby or pastime).
Modern Times Group Web Traffic
Modern Times Group Rank
Latest Modern Times Group News
Jan 7, 2021
Modern Times Group subsidiary ESL Gaming has been chosen by Valve to host the all-new Dota Pro Circuit leagues ESL One DPC CIS for the Commonwealth of Independent States (CIS) and the DreamLeague Season 14 DPC EU for Europe. The two leagues, along with four others, are the precursors to the Dota 2 Majors and The International 10. Both the European and CIS leagues will have prize pools of $280K USD. The leagues will start on Jan. 18, playing matches online for six weeks. Each team will get the opportunity to play everyone as the leagues will use a best-of-three round-robin format for both the upper and lower divisions. Each division features eight teams, with matches being played three times a week. Broadcasts for both regions will be produced out of Stockholm, with leagues having broadcasts in several localized languages including Russian and Chinese. Other languages will be revealed at a later date. Teams receiving direct invites to the upper division in the ESL One DPC CIS league include Virtus.pro , Natus Vincere , Team Spirit , and Live to Win. The European edition will see OG , Team Secret , Team Liquid , and Team Nigma receive direct invites to its upper division. Starting Jan. 8, a closed eight-team decider event will take place to determine the other four teams in the upper division or qualify for the lower division. The final slots for the lower division will be determined by open qualifiers which start on Jan. 5. Each of the leagues will reward teams with DPC points that “contribute toward qualification for the majors and The International.” The best 18 teams from the six global DPC leagues will progress into the majors where 12 of those teams will qualify for The International 2021.
Modern Times Group Investments
18 Investments
Modern Times Group has made 18 investments. Their latest investment was in Legendary Play as part of their Seed VC on April 4, 2022.
Modern Times Group Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
4/7/2022 | Seed VC | Legendary Play | $4M | Yes | 1 | |
3/18/2022 | Seed VC | Joyride | $14M | Yes | 5 | |
6/30/2020 | Series A | Metaverse | $10M | Yes | 2 | |
3/16/2020 | Seed VC | |||||
9/19/2019 | Series A |
Date | 4/7/2022 | 3/18/2022 | 6/30/2020 | 3/16/2020 | 9/19/2019 |
---|---|---|---|---|---|
Round | Seed VC | Seed VC | Series A | Seed VC | Series A |
Company | Legendary Play | Joyride | Metaverse | ||
Amount | $4M | $14M | $10M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 1 | 5 | 2 |
Modern Times Group Portfolio Exits
9 Portfolio Exits
Modern Times Group has 9 portfolio exits. Their latest portfolio exit was ESL Gaming on January 24, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
1/24/2022 | Acquired | 7 | |||
Date | 1/24/2022 | ||||
---|---|---|---|---|---|
Exit | Acquired | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 7 |
Modern Times Group Acquisitions
16 Acquisitions
Modern Times Group acquired 16 companies. Their latest acquisition was PlaySimple on July 02, 2021.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
7/2/2021 | Series A | $4.55M | Acquired | 9 | ||
3/24/2021 | Acquired | 1 | ||||
12/8/2020 | Seed / Angel | $5.5M | Acquired | 5 | ||
12/7/2020 | Other | |||||
5/23/2018 | Seed / Angel |
Date | 7/2/2021 | 3/24/2021 | 12/8/2020 | 12/7/2020 | 5/23/2018 |
---|---|---|---|---|---|
Investment Stage | Series A | Seed / Angel | Other | Seed / Angel | |
Companies | |||||
Valuation | |||||
Total Funding | $4.55M | $5.5M | |||
Note | Acquired | Acquired | Acquired | ||
Sources | 9 | 1 | 5 |
Modern Times Group Fund History
1 Fund History
Modern Times Group has 1 fund, including MTG Games Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
11/29/2017 | MTG Games Fund | $30M | 1 |
Closing Date | 11/29/2017 |
---|---|
Fund | MTG Games Fund |
Fund Type | |
Status | |
Amount | $30M |
Sources | 1 |
Modern Times Group Partners & Customers
10 Partners and customers
Modern Times Group has 10 strategic partners and customers. Modern Times Group recently partnered with Twitch on April 4, 2020.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
4/28/2020 | Licensee | United States | MTG’s esports companies ESL and DreamHack enter streaming deal with Twitch As part of the partnership , Twitch will become a centralized hub for streaming ESL and DreamHack competitions . | 1 | |
2/1/2018 | Partner | Denmark | TDC Group enters into agreement to combine with MTG 's Nordic Entertainment and Studio businesses to create Europe 's first fully convergent media and communications provider | 3 | |
12/14/2017 | Partner | United Kingdom | Viareal and National Geographic map out VR partnership As National Geographic 's official virtual reality partner in the Nordic region , Viareal now offers viewers exclusive 360 VR experiences showcasing the dramatic beauty of the natural world . | 1 | |
3/1/2017 | Partner | ||||
12/8/2016 | Vendor |
Date | 4/28/2020 | 2/1/2018 | 12/14/2017 | 3/1/2017 | 12/8/2016 |
---|---|---|---|---|---|
Type | Licensee | Partner | Partner | Partner | Vendor |
Business Partner | |||||
Country | United States | Denmark | United Kingdom | ||
News Snippet | MTG’s esports companies ESL and DreamHack enter streaming deal with Twitch As part of the partnership , Twitch will become a centralized hub for streaming ESL and DreamHack competitions . | TDC Group enters into agreement to combine with MTG 's Nordic Entertainment and Studio businesses to create Europe 's first fully convergent media and communications provider | Viareal and National Geographic map out VR partnership As National Geographic 's official virtual reality partner in the Nordic region , Viareal now offers viewers exclusive 360 VR experiences showcasing the dramatic beauty of the natural world . | ||
Sources | 1 | 3 | 1 |
Modern Times Group Team
30 Team Members
Modern Times Group has 30 team members, including current Chief Financial Officer, Martin Drake.
Name | Work History | Title | Status |
---|---|---|---|
Martin Drake | Chief Financial Officer | Current | |
Andreas Walker | Senior Vice President | Current | |
Jakob Mejlhede | Senior Vice President | Current | |
Ulrik Bengtsson | Chief Executive Officer | Former | |
Johan Birgersson | Chief Executive Officer | Former |
Name | Martin Drake | Andreas Walker | Jakob Mejlhede | Ulrik Bengtsson | Johan Birgersson |
---|---|---|---|---|---|
Work History | |||||
Title | Chief Financial Officer | Senior Vice President | Senior Vice President | Chief Executive Officer | Chief Executive Officer |
Status | Current | Current | Current | Former | Former |
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