Modern Times Group (MTG)

Company Profile

Modern Times Group (MTG)

Website www.mtg.com/

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About

MTG is a pure-play esport and gaming investment company. We have a portfolio of companies in two verticals, esport and gaming, comprising some of the strongest brands in the industry. MTG strives to be the partner of choice for esport and gaming entrepreneurs, bringing industrial expertise, know-how and financial flexibility. We have an active ownership approach, working in close collaboration with our portfolio companies to drive long-term profitability and sustainable growth.

Related People

Daniel Frechen

Daniel Frechen

Head of M&A and Strategy

Arnd Benninghoff

Arnd Benninghoff

EVP Esports and Gaming

Maria Redin

Maria Redin

Accolades

The Top 50 Mobile Game Makers of 2024

The Top 50 Mobile Game Makers of 2022

The Top 50 Mobile Game Makers of 2021

Articles featuring Modern Times Group (MTG)

Games industry M&A hits overdrive with Plarium and Easybrain deals | Week in Mobile Games podcast

November 18, 2024

Podcast | Episode 36

Games industry M&A hits overdrive with Plarium and Easybrain deals | Week in Mobile Games podcast

The PocketGamer.biz podcast team give you the state of play every week. Here's where to get it and and what's inside this week's episode 36...

Modern Times Group acquires Raid: Shadow Legends maker Plarium for $620m

November 12, 2024

Modern Times Group acquires Raid: Shadow Legends maker Plarium for $620m

Plarium generated $613m in revenue during the 12 months ending September 30th, 2024

October’s Mobile Movers and Shakers: New Unity CTO, Stillfront CEO and Supercell CMO exit, and more

October 30, 2024

October’s Mobile Movers and Shakers: New Unity CTO, Stillfront CEO and Supercell CMO exit, and more

Our regular roundup of the mobile games industry's movers and shakers

The Top 50 Mobile Game Makers of 2024

October 2, 2024

The Top 50 Mobile Game Makers of 2024

The mobile movers and shakers of the last 12 months revealed!

Hot Five: Supercell revenues decline, Ubisoft’s mobile games plummet, but MTG signs a Monumental acquisition

February 19, 2024

Hot Five: Supercell revenues decline, Ubisoft’s mobile games plummet, but MTG signs a Monumental acquisition

Our quick-fix roundup of the hottest stories on PocketGamer.biz

MTG pulls the trigger on a Monumental Kongregate acquisition

February 12, 2024

MTG pulls the trigger on a Monumental Kongregate acquisition

The two studios will join with MTG taking 30% of the new company which will be led by Monty Kerr, current Monumental CEO

Oliver Bulloss takes the helm as chief product officer at MTG

January 25, 2024

Oliver Bulloss takes the helm as chief product officer at MTG

Bulloss will participate in upcoming M&A processes as well as take a proactive role in influencing MTG's strategy.

November 21, 2023

"All the stars aligned. Now it’s full steam ahead!" MTG's CEO Maria Redin looks back at 2023

With a busy year almost in the rear view mirror, Maria Redin talks Modern Times Group's success and the challenges ahead

Modern Times Group takes 100% ownership of PlaySimple

November 1, 2023

Acquisition Achieved

Modern Times Group takes 100% ownership of PlaySimple

Modern Times Group has seen a successful 2023 and goes from strength to strength with this latest deal

Modern Times Group Q3 results show

October 31, 2023

Modern Times, Mo' Money

Modern Times Group Q3 results show "even more encouraging" growth

MTG’s Q3 financials buck trends to reveal 6% year-on-year revenue growth

Snowprint Studios' Alexander Ekvall talks iconic IP and acquisition.

October 9, 2023

Snowprint Studios' Alexander Ekvall talks iconic IP and acquisition. "It’s challenging out there and making a great game isn’t always enough."

With Warhammer 40,000: Tacticus performing and acquisition by Modern Times Group complete, we ask their CEO out what's next for Snowprint?

Modern Times Group acquires Pocket Gamer Award winner Snowprint Studios

October 5, 2023

Modern Times Group acquires Pocket Gamer Award winner Snowprint Studios

Snowprint Studios are behind the strategy title Warhammer 40,000: Tacticus

InnoGames to undertake a “strategic realignment” and job cuts

InnoGames to undertake a “strategic realignment” and job cuts

The studio - home to Forge of Empires - is owned by Modern Times Group

Modern Times Group has repurchased 176,970 of its class B shares

Modern Times Group has repurchased 176,970 of its class B shares

The company’s repurchase programme aims to increase shareholder value and optimise capital structure

How to keep your mobile title on top and earning for 10 years plus

November 30, 2022

Mtg Game Makers Day

How to keep your mobile title on top and earning for 10 years plus

InnoGames' Forge of Empires is the hit mobile game that's kept on giving for over a decade. At MTG Game Makers Day their CEO explained its secrets

In Depth With MTG's Flow Platform And Behind-The-Scenes With Its CEOs

November 30, 2022

Mtg Game Maker's Day

In Depth With MTG's Flow Platform And Behind-The-Scenes With Its CEOs

MTG’s Game Makers Day brought out some interesting and insightful comments into how their ‘Game Village’ concept works across their studios

Hutch CEO Shaun Rutland on making games that attract players

November 30, 2022

Mtg Game Makers Day

Hutch CEO Shaun Rutland on making games that attract players

Rutland took to the stage at Modern Times Group's game makers day

Modern Times Group report steady growth through Q3 in recently released financials

October 27, 2022

Modern Times Group report steady growth through Q3 in recently released financials

MTG (Modern Times Group) the mobile gaming company that recently stepped-back from its efforts in esports, has released its financial data.

The Top 50 Mobile Game Makers of 2022

August 23, 2022

The Top 50 Mobile Game Makers of 2022

The movers and the shakers of the last 12 months

InnoGames appoints Felix Janzen as chief marketing officer

Marketing Movement

InnoGames appoints Felix Janzen as chief marketing officer

Former CMO moves up to lead Modern Times Group’s games marketing efforts

Modern Times Group selling ESL Gaming for more than $1 billion

January 25, 2022

Transaction Time

Modern Times Group selling ESL Gaming for more than $1 billion

To be acquired by Savvy Game Group

MTG's Q3 2021 sales up 61% to $170 million

November 1, 2021

Favourable Financials

MTG's Q3 2021 sales up 61% to $170 million

Significant growth from its games portfolio and esports earnings

MTG appoints Daniel Frechen as new Head of M&A and Strategy

October 8, 2021

MTG appoints Daniel Frechen as new Head of M&A and Strategy

Looking to continue its build-and-grow activity

The Top 50 Mobile Game Makers of 2021

September 6, 2021

The Top 50 Mobile Game Makers of 2021

The movers, the shakers, and all those funky moneymakers

MTG acquires Indian word game studio PlaySimple for $360 million

Triple Word Score

MTG acquires Indian word game studio PlaySimple for $360 million

There's also a $150 million earn-out

Why Ninja Kiwi co-founders Chris and Stephen Harris felt now was the right time to sell

Why Ninja Kiwi co-founders Chris and Stephen Harris felt now was the right time to sell

"They understood our vision for the company"

Hutch CEO Shaun Rutland -

Hutch CEO Shaun Rutland - "M&A fails when people focus on money - and money alone"

Hutch's acquisition by MTG dissected

MTG acquires Ninja Kiwi, the studio behind Bloons

Big Banana Farm

MTG acquires Ninja Kiwi, the studio behind Bloons

The acquisition comes in at approximately $142 million

How Modern Times Group acquired Hutch in the middle of a pandemic with Arnd Benninghoff

January 26, 2021

How Modern Times Group acquired Hutch in the middle of a pandemic with Arnd Benninghoff

"Just before the travel restrictions kicked in we flew to London"

2021: Mobile gaming’s year of reckoning?

January 6, 2021

2021: Mobile gaming’s year of reckoning?

Was 2020 extraordinary or the new ordinary?

December 9, 2020

Modern Times Group acquires mobile studio Hutch

"Hutch is a true front-runner, responsible for some of the most successful titles in the fast-growing mobile racing category"

Modern Times Group increases its investment in InnoGames

December 8, 2020

Modern Times Group increases its investment in InnoGames

"We already have a successful long-term relationship with MTG"

Modern Times Group appoints Maria Redin as CEO

September 7, 2020

Modern Times Group appoints Maria Redin as CEO

Follows Lindemann vacating the position in July

Jørgen Madsen Lindemann steps down as Modern Times Group CEO

Jørgen Madsen Lindemann steps down as Modern Times Group CEO

David Chance will stand down as chairman of the board

Covid-19 crashes MTG’s esports business but gaming revenues performing well

Emerging Strategy

Covid-19 crashes MTG’s esports business but gaming revenues performing well

Difficult decisions in a dynamic situation

Huya picks up minority stake in ESL for $30m

September 2, 2019

China Expansion

Huya picks up minority stake in ESL for $30m

The two companies plan to expand esports services in China following the deal

Mobile fuels games growth at MTG in Q2 2019

Mobile fuels games growth at MTG in Q2 2019

Mobile games now represent more than half of all gaming revenue

Modern Times Group launches $30 million investment fund for eSports and online gaming

December 5, 2017

Modern Times Group launches $30 million investment fund for eSports and online gaming

Looking for minority investments in US and European companies

Modern Times Group to acquire casual games publisher Kongregate for $55 million

Mtg Acquires Kongregate

Modern Times Group to acquire casual games publisher Kongregate for $55 million

Kongregate pushing further into developing its own games by acquiring other studios

MTG spends $90 million to increase InnoGames stake to 51% majority

MTG spends $90 million to increase InnoGames stake to 51% majority

Entire acquisition has so far cost MTG over €130 million

InnoGames eyes mobile future and global expansion after $100 million MTG deal

October 25, 2016

Innogames Future

InnoGames eyes mobile future and global expansion after $100 million MTG deal

The InnoGames and MTGx CEOs discuss their ambitions

ESL owner MTG plots further investments following $100 million InnoGames deal

October 19, 2016

Investment Game

ESL owner MTG plots further investments following $100 million InnoGames deal

Digital entertainment firm looking for companies with clear track records in IP development

ESL owner acquires 35% stake in German developer InnoGames valuing studio at €260 million

October 13, 2016

Acquisition News

ESL owner acquires 35% stake in German developer InnoGames valuing studio at €260 million

MTG coulc increase stake to majority 51%

How the market is redefining video entertainment for millenials

February 19, 2016

How the market is redefining video entertainment for millenials

Those young'uns with their YouTubes and Twitches