Date of Update: 12/3/2019

Modern Times Group

Ticker: MTGB SS

Theme: Media

Country: Sweden

Sector: Interactive Home Entertainment

Company Description:

Modern Times Group (MTG) is a Sweden-based holding company focused on esports and gaming entertainment. MTG portfolio companies include strong global brands in the industry, including stakes in ESL (an esports league and events operator), Dreamhack (the world's largest gaming and esports festival), Innogames, and Kongregate (online gaming companies). In 2019, the company completed a spin-off of Nordic Entertainment Group to become a pure-play on esports and gaming.

3 Company Facts:

In 2018, ESL events included more than 550,000 live attendees and 240+ million online fans. ESL brand partnerships include Intel, DHL, AT&T, Pepsi, Vodafone, and Mercedes-Benz.¹
MTG's DreamHack is recognized by the Guiness Book of World Records as the world's largest LAN party and computer festival. In 2019, the company will host 15 events in 8 countries on 4 continents.
In October 2019, MTG initiated a strategic review of its gaming vertical, including a potential JV and/or an additional listing in the U.S.

3 Industry Facts:

The global gaming industry is 2x bigger than Hollywood (box office) and Music combined.²
>70% of esports enthiasts globally are male; 54% are 21-35 years old.
There are more than 2.5 billion gamers globally.³

Related Companies: N/A