The Board of Directors of Modern Times Group has resolved to split the company into two separate entities, Modern Times Group and Nordic Entertainment Group. The Board has decided to distribute the shares in Nordic Entertainment Group to MTG shareholders. Modern Times Group will consist of MTG’s current eSports, online gaming and digital video content operations. Meanwhile, Nordic Entertainment Group will be made up MTG’s Nordic Entertainment and MTG Studios business divisions, and Splay Networks. MTG president and CEO, Jørgen Madsen Lindemann, commented, “This initiative will empower each company and team to focus on its specific business requirements and opportunities.”