MTG says record first quarter sales point to the company’s transformation on track.
Akos Erdos has been appointed the new CEO of Paprika Latino, which is part of Nice Entertainment and the MTG group.
Modern Times Group’s (MTG’s) total net income in 2015 amounted to SEK251 million (€27 million), down from SEK1,172 million the previous year and lowest figure since 2011, when it posted a net loss of SEK1,289 million.
MTG has appointed Peter Nørrelund as executive vice president and CEO of MTG Sport; while Gabriel Catrina becomes chief strategy officer.
Matrix star Keanu Reeves is to feature in the first original commission by Viaplay.
MTG president Jørgen Madsen Lindemann says the company has been substantially transformed from a traditional broadcaster to a broad-based digital entertainment company.
Popular Nordic channels including TV3, Viasat Sport and Viasat Film will continue to be broadcast from the 5 degrees East.
MTG is reorganising its management following its recent investment in a number of digital businesses, under digital hub MTGx.
MTG has sold its international and Russian pay-TV businesses to a subsidiary of private equity firm Baring Vostok and a Russian company respectively in a deal worth $45.5 million.
MTG’s Nordic businesses continued to deliver in the third quarter as its Scandianavian media interests delivered higher audience shares in each market for the first time in two years.