Kinnevik Arm Seeks To Go Int’l

Scandi giant Kinnevik’s media and entertainment arm the Modern Times Group has reorganized its more than a dozen production outlets across Scandinavia to create one giant company capable of competing on the international scene.

MTG president Pele Tornberg told Variety the company’s new structure is not unlike that of top European indie company Endemol Entertainment. Each will operate independently within Scandinavia but will compete on the global circuit as one entity, beginning in January.

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