You will be redirected back to your article in seconds

Denmark’s TDC Group Buys MTG’s Nordic TV Business for $2.5 Billion

Denmark’s largest telecom company TDC Group is set to acquire the Nordic TV business of Swedish media conglomerate Modern Times Group (MTG) to form a convergent media and communications provider.

The combined company will have the potential of reaching more than 10 million households across the Nordics, according to TDC Group.

As part of the deal, whose value is estimated at $2.5 billion, MTG’s Entertainment division and MTG Studios’s assets – including the TV channel TV3, the satellite TV platform Viasat and the streaming service Viaplay — will be folded into TDC Group.

MTG Nordics, which includes broadcasting, streaming and distribution operations in Sweden, Denmark, Norway and Finland, is also selling its production outfit Nice Entertainment and the distribution banner DRG to TDC Group.

“The combination (of TDC Group and MTG Nordics) will significantly strengthen our innovation capabilities enabling us to provide Nordic consumers with great quality content and much more flexible next generation entertainment solutions,” said TDC Group CEO Pernille Erenbjerg. “This company will be the first of its kind in Europe,” added Erenbjerg, who will serve as CEO for the new combined outfit.

Anders Jensen, MTG Nordics’s chairman, will be deputy CEO of the new banner which will is expected to reach close to 3 million TV subscribers across Sweden, Denmark, Norway and Finland.

Jensen said the company’s goal is to “create a new, truly Nordic company with the intention to further invest in unique local content, strengthening our combined entertainment and access products and the Nordic content market as a whole.”

“Together, we will commit ourselves to continue to evolve our proud tradition of creating and telling the most compelling stories in the Nordic region,” added the executive.

In the last couple years, MTG Nordics has delivered a flurry of upscale original dramas and features, including “SuperSwede,” and top-rated series such as “Veni Vidi Vici,”“Black Lake” and “Swedish Dicks” (pictured). The group’s Viaplay has become the Nordics’s biggest local streaming service.

More TV

  • Michael Strahan

    Michael Strahan, Endemol Shine North America to Develop U.S. Version of 'Money Drop'

    Endemol Shine North America is teaming up with Michael Strahan’s SMAC Entertainment to develop a U.S. version of the game show “The Money Drop.” Originally launched in 2010 as “The Million Pound Drop Live” by Endemol UK’s Remarkable Television for Channel 4, the format has now been produced locally by Endemol Shine Group in 54 [...]

  • BBC Buys Australian Psychological Thriller Series

    BBC Buys Australian Psychological Thriller Series ‘Safe Harbour'

    The BBC has bolstered its international drama lineup, acquiring Australian limited series “Safe Harbour,” and inking deals for new seasons of shows from Canada, France, and Iceland. The shows will all run on the U.K. pubcaster’s BBC Four channel. “Safe Harbour” is a psychological thriller that played on pubcaster SBS in Australia. It follows a [...]

  • It's Time For Another 'Punisher' Video

    It's Time For Another 'Punisher' Video Game

    Last year saw the release of the most recent iteration of a Spidey game, “Marvel’s Spider-Man,” developed by Insomniac Games. “Marvel’s Spider-Man” smashed all kinds of records. It dethroned “God of War” as the fastest-selling Sony-exclusive of all time and it achieved launch month sales 37% higher than the launch month sales of every previous [...]

  • Endeavor Content Taps Tim Robinson as

    Endeavor Content Taps Tim Robinson as Chief Operating Officer

    Endeavor Content has named Tim Robinson as its chief operating officer, a newly created role. As COO, he will helm Endeavor Content’s overall operations, including business affairs, finance, human resources and corporate development. He will also play a “key role” in the acceleration of the its growth strategy both at home and abroad, according to [...]

  • Göteborg TV Drama Vision Expects 60

    TV Drama Vision Set to Take Pulse of Nordic Commissioners’ Wish List

    More than 360 international delegates are expected at Göteborg’s 13th Nordic TV Drama Vision (Jan. 30-31) described by head of industry Cia Edström as a ‘boutique event’, where top Nordic and international drama professionals gather each year to gauge the state of the Nordic market and hot content. For the first time, to comply with the [...]

  • Fate of 'Simpsons' Up in Air

    What Will Happen to 'The Simpsons’ as Disney Takes Over Fox?

    When “The Simpsons” ends its 30th and current season this spring, it will have racked up 663 original episodes — having a season ago passed “Gunsmoke” (635) as the longest-running scripted program in television history. But with the Walt Disney Co.’s acquisition of 21st Century Fox pending, one of TV’s least likely institutions could prove more [...]

  • Bret Baier

    Fox News Anchor Bret Baier in Montana Car Crash

    Fox News Channel anchor Bret Baier and his family are safe after being involved in what the news host described as a major car accident while traveling to an airport after taking a ski trip to Montana. “After a weekend of skiing with my wife and two boys in Montana, driving to the airport Monday morning on [...]

More From Our Brands

Access exclusive content