Modern Times Group
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.
| Company type | Publicly traded Aktiebolag |
|---|---|
| Nasdaq Stockholm: MTG A MTG B | |
| Industry | Media |
| Founded | 1987 |
| Headquarters | Stockholm, Sweden |
Key people | David Chance (Chairman) Maria Redin (President and CEO) Lars Torstensson (CFO) |
| Products | Television, eSports, Online games and Digital networks |
| Revenue | SEK 3.997 Billion (Fiscal Year Ended 31 December 2020) |
| SEK 0.035 Billion (Fiscal Year Ended 31 December 2020) | |
| SEK -0.096 Billion (Fiscal Year Ended 31 December 2020) | |
| Total assets | SEK 10.800 Billion (Fiscal Year Ended 31 December 2020) |
| Total equity | SEK 5.216 Billion (Fiscal Year Ended 31 December 2020) |
| Subsidiaries | InnoGames Turtle Entertainment GmbH (ESL) Dreamhack Kongregate Ninja Kiwi |
| Website | www |
Kinnevik distributed the MTG shares to its shareholders in 2018 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.
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