Maria Redin of mobile giant MTG on rebranding, buying Raid: Shadow Legends, and plans to double the company's size The president and CEO on plans for growth – and why new games remain important even as evergreen mobile titles dominate In February last year, the Swedish mobile giant MTG (Modern Times Group) acquired Plarium, maker of the hugely successful hero collecting game Raid: Shadow Legends, for a cool $620 million. A fresh look MTG was already home to numerous mobile studios before the Plarium purchase, including InnoGames (maker of Forge of Empires), Snowprint (Warhammer 40,000: Tacticus), Hutch (F1 Clash), Ninja Kiwi (Bloons TD 6), and Futureplay (Merge Gardens). Supercell head Ilkka Paananen has warned that the western mobile industry is "coasting", with only two of the 22 new mobile titles that have made over $1 billion since 2020 coming from the west. And if you want to grow above and beyond that, you need to continue to invest in your strong evergreen IPs, but then you also need to be able to bring new games to the market." Read this next - Double Fine Productions regains ownership of IP and publishing rights following independence from Xbox - Take-Two Interactive files subpoenas against Microsoft, Discord, and X amid ongoing GTA 6 leaks - Compulsion Games officially separates from Xbox – "The team told me we would rather eat rocks and drink gasoline than be split up"
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GamesIndustry.biz