Topic summary

Modern Times Group

Modern Times Group

Digital entertainment company Modern Times Group MTG ABTypePublicly traded AktiebolagTraded asNasdaq Stockholm: MTG AMTG BIndustryMediaFounded1987; 39 years ago (1987)HeadquartersStockholm, SwedenKey peopleDavid Chance (Chairman)Maria Redin (President and CEO)Lars Torstensson (CFO)ProductsTelevision, eSports, online games and digital networksRevenue SEK 3.997 Billion (Fiscal Year Ended 31 December 2020)Operating income SEK 0.035 Billion (Fiscal Year Ended 31 December 2020)Net income 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)SubsidiariesInnoGamesDreamhackNinja KiwiWebsitewww.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 and Ninja Kiwi, and digital network company Zoomin.TV. Kinnevik distributed the MTG shares to its shareholders in 2018 and in 2019