Yes, Magic: The Gathering (MTG) is entirely owned by Hasbro through its subsidiary company, Wizards of the Coast. Wizards of the Coast originally created and published the groundbreaking trading card game in the early 1990s before being acquired by Hasbro, which transformed the brand into one of the most lucrative and culturally influential properties in the tabletop gaming industry. Under Hasbro's overarching corporate governance, Wizards of the Coast manages both Magic: The Gathering and Dungeons & Dragons, generating massive multi-billion-dollar annual revenues through physical booster pack sales, digital adaptations like Arena, and expansive cross-media licensing partnerships.