Modern Times Group

Modern Times Group MTG AB
Company typePublicly traded Aktiebolag
Nasdaq StockholmMTG A
MTG B
IndustryMedia
Founded1987; 37 years ago (1987)
HeadquartersStockholm, Sweden
Key people
David Chance (Chairman)
Maria Redin (President and CEO)
Lars Torstensson (CFO)
ProductsTelevision, eSports, Online games and Digital networks
RevenueDecrease SEK 3.997 Billion (Fiscal Year Ended 31 December 2020)[1]
Increase SEK 0.035 Billion (Fiscal Year Ended 31 December 2020)[1]
Increase SEK -0.096 Billion (Fiscal Year Ended 31 December 2020)[1]
Total assetsIncrease SEK 10.800 Billion (Fiscal Year Ended 31 December 2020)[1]
Total equityDecrease SEK 5.216 Billion (Fiscal Year Ended 31 December 2020)[1]
SubsidiariesInnoGames
Turtle Entertainment GmbH (ESL)
Dreamhack
Kongregate
Ninja Kiwi
Websitewww.mtg.com

Modern Times Group (MTG) is a digital entertainment company based in Stockholm, Sweden. It formed from the media holdings of investment company Kinnevik, which in 1997 was distributed to the company stockholders. It is a strategic and operational investment holding company, managing a portfolio including gaming companies InnoGames, Ninja Kiwi and Kongregate, and digital network company Zoomin.TV.

Kinnevik distributed the MTG shares to its shareholders in 2018[2] and in 2019 MTG distributed shares in the newly founded Nordic Entertainment Group (now Viaplay Group) to its shareholders following the strategic transformation into a global digital entertainment company.[3]

  1. ^ a b c d e "Modern Times Group MTG AB 2020 Annual Report" (PDF). cision.com. 31 December 2020. Retrieved 4 November 2021.
  2. ^ "Kinnevik's Board of Directors has set the record date for the distribution of Kinnevik's shares in MTG | Kinnevik". www.kinnevik.com. Retrieved 2019-04-03.
  3. ^ "One becomes two: MTG and Nordic Entertainment Group split". MTG. Retrieved 2019-04-03.