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Sweden Gaming Stocks Crowned Lockdown Winners, With More to Come Bloomberg 12/21/2020 Hanna Hoikkala and Anton Wilen (Bloomberg) A cluster of Swedish gaming developers have taken the stock market by storm this year, and the rally may have further to run. Stillfront Group AB and Embracer Group AB have advanced more than 170% in 2020, making them the two best stocks of the global Solactive Video Games Index, which is up 39% this year. Another standout, G5 Entertainment AB, has more than quadrupled in value, the second-best gain among the OMX Stockholm Index’s 365 members. Helped by a wave of lockdowns that spurred a global gaming industry boom, these developers may now enjoy some lasting benefits from a larger market, according to Bloomberg Intelligence analyst Matthew Kanterman. ....
This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Mojang, the Microsoft game studio behind Minecraft, quietly restructured its generous holiday bonus plans last year ending a tradition that dates back to the developers earliest days. Mojang used to give holiday bonuses worth about $12,000 to every employee in its Stockholm headquarters, but made a change last year such that most no longer receive the full bonus, according to two people familiar with the matter. In 2019, Mojang Studios made the decision to restructure our compensation model, including our incentive program, to continue on our path toward sustainable long-term growth, a company spokesperson said in a statement to Business Insider. ....