Analytics

Monday, March 23, 2015

Is Rovio's Future Bright or Bleak?

In 2012 Rovio was ridding a wave of success with Angry Birds. However, in 2012 and 2013 as reported in "Angry Birds" Maker Rovio's Bold Plan to Slingshot Its Way to Future Growth its fortunes changed.  Revenue was flat in 2013, and declined in 2014. In 2014 Rovio's product and licensing business saw a 73% decline in profits. The article contains an interview of Rovio's new CEO, Pekka Rantala. He foresees a bright future for Rovio beginning with the release in 2016 of a full-length feature Angry Birds animated film that he believes will propel Rovio into a full-fledged entertainment company.