Modern Times Group

Modern Times Group is a Swedish gaming holding and investment group focused on mobile and digital games. Based in Stockholm and listed on Nasdaq Stockholm, it acts as a strategic owner of independently operated game studios. Its business combines acquisitions, portfolio management and capital allocation with shared commercial and technology support for its operating companies.

The group’s portfolio spans established mobile game categories, including midcore role-playing games, 4X strategy, tactical battlers, tower defense, motorsport, puzzles, merge games and word games. Development, publishing and ongoing game operations are carried out through its subsidiaries. MTG’s role includes financing growth, supporting acquisitions and helping those businesses develop their commercial capabilities across mobile, PC and web markets.

A portfolio of operating studios

MTG’s gaming businesses include InnoGames, Hutch, Ninja Kiwi, PlaySimple, Snowprint Studios and Plarium, with Futureplay joining the group through Plarium. These companies retain distinct operating identities within the wider group. The portfolio brings together studios working across different genres and markets, supported by shared resources rather than a single development operation.

Alongside its ownership activities, MTG provides centralized capabilities in user acquisition, performance marketing, business intelligence, payment distribution and cross-promotion. Its investment activities also include minority investments in early-stage gaming businesses through the MTG VC Fund. These activities complement its acquisition strategy and support its position as a consolidator in mobile and digital gaming.

From broadcasting to gaming

The business began in 1987 within Swedish investment company Kinnevik and became an independently listed company in 1997. Its earlier operations centered on Nordic media and television broadcasting. During 2018–2019, MTG separated those entertainment and broadcasting operations into Nordic Entertainment Group, subsequently known as Viaplay Group.

In April 2022, MTG completed the sale of its esports division to Savvy Gaming Group, marking its transition to a dedicated mobile and digital gaming group. Subsequent acquisitions expanded its gaming portfolio, while its former Kongregate business was combined with Monumental in 2024 in exchange for a minority interest in the combined company.