Modern Times Group has increased its stake in Turtle Entertainment, the owners of the ESL brand to 82.48%.

MTG has seen a 41% increase in esports revenue since it announced that it will split into two entities by the end of 2018.

MTG also owns tournament organizer DreamHack and has invested in competitive gaming league ESEA.

Modern Times Group (MTG) has increased its investment in Turtle Entertainment , the parent company of tournament organizer ESL . MTG has upped its stake in the company from 74% to 82.48%, paying SEK 152M ($17M USD) to do so.

MTG announced plans to split into two separate entities in March. One side kept the MTG name and is focused on esports, online gaming, and digital video content, while the other was given the name Nordic Entertainment and works on developing and investing in its regional TV business.

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MTG’s esports portfolio includes full ownership of gaming festival organizer DreamHack and an investment in online competitive gaming league ESEA. According to the company’s Q2 2018 financial report, sales have reached record numbers, up 18% year-over-year, going from SEK 4.25B ($478.3M) to SEK 5.01B ($564.4M). The company’s esports revenue for Q2 hit SEK 411M ($46.3M), representing a 41% increase over Q1 2018.