0
Broadband

Modern Times Group buys 74% of e-sports company Turtle

Wednesday 1 July 2015 | 12:23 CET | News
Modern Times Group (MTG) has signed an agreement to acquire 74 percent of electronic sports company Turtle Entertainment, which trades under the ESL brand. Turtle's revenues are growing by 50 percent per year and the German company expects positive EBIT in 2015. Esports should attract a global audience of 260 million unique online viewers in 2015. MTG said the investment complements its linear and on-demand video entertainment services. MTG is already present in the esports market with its Viagame.com platform, and has broadcast coverage of esports on its television channels.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Modern Times Group
Countries: Germany
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

MTG agrees to form gaming joint venture between ESL and China's Huya

Published 02 Sep 2019 09:51 CET | China
Modern Times Group (MTG) said it has agreed a binding term sheet and formed a joint venture under which Chinese live game ...

MTG lifts stake in Turtle to 82.48%, writes down Zoomin.TV assets

Published 01 Oct 2018 11:50 CET | Sweden
Modern Times Group (MTG) said it has increased stake in Turtle Entertainment, the operator of the ESL brand, by 8.44 percent to ...

MTG Q3 organic sales up 7%, cuts expectation for MTGx Q4 profit

Published 19 Oct 2017 12:12 CET | World
Modern Times Group (MTG) said organic sales growth in the third quarter was 7 percent, with sales improvements in all four ...

Waoo! sponsors computer gaming team Tricked eSport

Published 26 Jan 2017 11:59 CET | Denmark
Danish fibre association Waoo! said it has become a sponsor for the electronic sports team Tricked, which among other things won ...

MTG sells 50 percent share in FTV Prima Holding CR

Published 25 Jan 2017 09:49 CET | Czech Republic
MTG (Modern Times Group), an international digital entertainment group, is selling a 50 percent shareholding in FTV Prima Holding ...

Swedish online e-sports viewing outpaces normal sports in Q2

Published 07 Sep 2016 12:09 CET | Sweden
Swedish consultancy Mediavision said 12 percent of daily online viewers watch e-sports or gaming in the second quarter of 2016, ...

Telenor tests 4G grid's capacity with outdoor gaming stunt

Published 04 Mar 2016 12:09 CET | Norway
Telenor Norway said submitted its 4G network to testing by elite gamers using the game 'Counter Strike Go' in five different ...

Telkom launches eSports league with new tournament

Published 22 Jan 2016 12:56 CET | South Africa
South African operator Telkom is launching the Telkom Digital Gaming League (DGL), previously known as the Do Gaming League. It ...

MTG acquires DreamHack for SEK 244 million

Published 12 Nov 2015 12:39 CET | Sweden
Modern Times Group (MTG) has agreed to and completed the acquisition of DreamHack, one of the world's largest electronic sports ...

MTG sheds 300 staff, sees SEK 700 mln Q3 restructuring cost

Published 24 Aug 2015 12:03 CET | World
Modern Times Group (MTG) said it proposes to reduce its staff by approximately 300 net positions in Sweden, Norway, Denmark and ...

MTG lifts Q2 profit from continuing ops, mulls Russian plans

Published 21 Jul 2015 11:56 CET | World
Modern Times Group (MTG) reported second quarter sales of SEK 4.155 billion compared with SEK 4.109 billion a year earlier and ...

3 Sweden offers 2 months' free access to MTG's Viaplay

Published 02 Jul 2015 12:19 CET | Sweden
Hutchison Whampoa unit 3 Sweden said it is offering two months' free access to Viaplay, the streaming service from Modern Times ...

NextGenTel offers 2 months' free access to MTG's Viaplay

Published 24 Jun 2015 12:09 CET | Norway
NextGenTel said it is offering access to the Modern Times Group (MTG) mobile television service Viaplay for two months, free of ...

MTG appoints new management team members

Published 20 May 2015 12:23 CET | Eastern Europe
Modern Times Group (MTG) has made changes to its management structure, in order to further integrate the group's activities. ...

MTG launches VideoRange advertising VoD sales service

Published 28 Apr 2015 12:47 CET | Europe
Modern Times Group (MTG) said it has launched VideoRange, which provides automated advertisement video on demand (AVOD) inventory ...

MTG Q1 net sales rise 1% at constant forex rate

Published 22 Apr 2015 11:57 CET | World
Modern Times Group (MTG) said net sales in the first quarter of 2014 rose to SEK 3.701 billion from SEK 3.597 billion in the same ...

MTG launches Viasat Sport Finland, airs Champions League

Published 15 Apr 2015 11:49 CET | Finland
Modern Times Group (MTG) said it will show every match from the UEFA Champions League men's football tournament in Finland for ...

UPC Poland organises gaming tournament

Published 24 Feb 2015 10:51 CET | Poland
UPC Poland is organising the first gaming tournament in cooperation with the league ESL Poland. Fans of the game Counter-Strike ...

Eco Verband presents annual internet awards

Published 04 Jul 2011 12:14 CET | Germany
The German internet economy association eco Verband has given out its annual Internet Awards in ten categories. The winners are ...

Sony Ericsson sponsors Electronic Sports League Germany

Published 02 Oct 2008 09:40 CET | Germany
Sony Ericsson has become main sponsor of the Electronic Sports League (ESL) in Germany and is official provider for ESL Pro ...





Calendar   /   Industry Events

01 Dec Hewlett Packard Enterprise fiscal Q4
01 Dec NGON & DCI World
01 Dec 5G Italy
02 Dec FTTH Conference
02 Dec Microsoft AGM
02 Dec Telia EGM
03 Dec GCX fiscal Q2
03 Dec Marvell Technology fiscal Q3
03 Dec Liberty Latin America AGM
06 Dec Gitex Technology Week
07 Dec SIPNOC 2020
07 Dec ECOC Exhibition
07 Dec Report: Dutch Mobile Operators 2020-Q3
07 Dec Report: Dutch Broadband 2020-Q3
08 Dec WebexOne
::: More Calendar Items