Modern Times Group
Digital entertainment company / From Wikipedia, the free encyclopedia
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.
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Quick Facts Company type, Traded as ...
Company type | Publicly traded Aktiebolag |
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Nasdaq Stockholm: MTG A MTG B | |
Industry | Media |
Founded | 1987; 37 years ago (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)[1] |
SEK 0.035 Billion (Fiscal Year Ended 31 December 2020)[1] | |
SEK -0.096 Billion (Fiscal Year Ended 31 December 2020)[1] | |
Total assets | SEK 10.800 Billion (Fiscal Year Ended 31 December 2020)[1] |
Total equity | SEK 5.216 Billion (Fiscal Year Ended 31 December 2020)[1] |
Subsidiaries | InnoGames Turtle Entertainment GmbH (ESL) Dreamhack Kongregate Ninja Kiwi |
Website | www |
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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]