Swedish Modern Times Group (MTG) has signed an agreement to acquire 86,8% of Nice Entertainment Group for an enterprise value of 84.4 million euros. Nice is the largest independent group of TV production companies in the Nordic region, and comprises market leading TV, event and advertising commercial production businesses.
A number of different branded companies are run as fully owned subsidiaries within the Nice Group. In Finland Nice is represented by Moskito Group, which produces across all the major genres, has two TV production units (Moskito Television and Production House) and operates a commercials production division (Grillifilms).
Read more about the investment in MTG’s press release.