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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Modern Times Group AB    MTG B   SE0000412371

MODERN TIMES GROUP AB

(MTG B)
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Modern Times Mtg : DreamHack and ESL expand reach with DouYu streaming deal

08/03/2020 | 08:06am EST

STOCKHOLM, July 30th 2020 - Modern Times Group MTG AB's (publ.) ("MTG") esports portfolio companies ESL and DreamHack today jointly announce a landmark deal with DouYu that sees digital live streaming of major esports competitions in a Mandarin-language exclusive.

The two MTG companies today announced a one-year deal with DouYu, one of China's leading streaming platforms with over 158 million monthly active users recorded this year. The ESL Pro Tour for StarCraft II and WarCraft III will be live streamed exclusively on DouYu in 2020 and 2021, covering standard Mandarin and other Chinese languages and dialects.

As part of the deal, DouYu has gained the exclusive rights to broadcast the Pro Tours for StarCraft II and WarCraft III live and On-Demand via digital media. The agreement between both parties also provides exposure for ESL and DreamHack brand partners in a promising and growing market and will maximize the visibility of one of the biggest esports tournaments within the ESL Pro Tour going forward.

For further and more detailed information on the agreement, please visit DreamHack (https://about.dreamhack.com/press/)'s and ESL's (https://about.eslgaming.com/press-media/) respective press rooms.

For more information:
Lars Torstensson, EVP Communications & Investor Relations
Direct: +46 (0)702-734 879, lars.torstensson (at) mtg.com
Oliver Carrà, Public Relations Director
Direct: +46 70 464 44 44, oliver.carra (at) mtg.com
Reach us: communications@mtg.com
Download high-resolution photos: Flickr (https://www.flickr.com/photos/moderntimesgroup/)
Follow us: mtg.com (https://www.mtg.com/) / Twitter (https://twitter.com/MTGAB) / LinkedIn (https://www.linkedin.com/company/modern-times-group-mtg)
***

About MTG
MTG (Modern Times Group MTG AB (publ.)) (www.mtg.com) is a strategic and operational investment holding company in esports and gaming entertainment. Born in Sweden, the shares are listed on Nasdaq Stockholm (`MTGA' and `MTGB').

https://news.cision.com/mtg/r/dreamhack-and-esl-expand-reach-with-douyu-streaming-deal,c3161677

https://mb.cision.com/Main/56/3161677/1285382.pdf

(c) 2020 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
DOUYU INTERNATIONAL HOLDINGS LIMITED -1.92% 13.28 Delayed Quote.20.07%
MODERN TIMES GROUP AB 0.39% 127.9 Delayed Quote.-1.79%
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Financials
Sales 2020 4 351 M 519 M 519 M
Net income 2020 -244 M -29,1 M -29,1 M
Net cash 2020 1 601 M 191 M 191 M
P/E ratio 2020 -35,4x
Yield 2020 -
Capitalization 8 613 M 1 031 M 1 027 M
EV / Sales 2020 1,61x
EV / Sales 2021 1,39x
Nbr of Employees 1 000
Free-Float 70,0%
Chart MODERN TIMES GROUP AB
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Technical analysis trends MODERN TIMES GROUP AB
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 146,16 SEK
Last Close Price 127,90 SEK
Spread / Highest target 30,6%
Spread / Average Target 14,3%
Spread / Lowest Target 3,70%
EPS Revisions
Managers and Directors
NameTitle
Maria Redin Group President & Chief Executive Officer
David Christopher Chance Chairman
Lars Torstensson Chief Financial Officer
Simon Patrick Duffy Independent Non-Executive Director
Natalie Patricia Tydeman Independent Non-Executive Director
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