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Rovio sells off animation studio and book publishing business

Angry Birds creator Rovio has sold off its television animation studio and book publishing businesses to new startup, Kaiken Entertainment.

Chris Kerr, News Editor

March 8, 2017

1 Min Read

Angry Birds creator Rovio has sold off its Vancouver-based television animation studio and book publishing businesses to Kaiken Entertainment. Rovio also sold a few non-Angry Birds properties to the startup. 

The Finnish mobile outfit didn't reveal how much cash it netted from the deal, simply explaining that the transaction is part of the "ongoing reorganization" of its animation division.

Kaiken was founded by former Rovio CEO Mikael Hed, and is an entertainment company specializing in storytelling through film, apps, video streaming, and publishing.

The two companies have worked together before and will continue to partner up on certain projects, including some that make use of the Angry Birds license. 

"We are happy to announce this transaction and look forward to a continued partnership with Kaiken in animation series productions and books publishing," said Rovio CEO, Kati Levoranta.

Although the sale might make it sound like Rovio is in a spot of trouble, it's worth remembering that the company recently opened a new London studio to develop more original properties. 

On top of that, Rovio's games division just had its best year ever, pulling in record-breaking revenues of $167.5 million.

About the Author(s)

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

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