Angry Birds maker Rovio closes London studio

Angry Birds maker Rovio closes London studio
 

The company behind the hit mobile game Angry Birds has closed its London studio, after warning its profits were likely to fall.
Rovio's head of games, Wilhelm Taht, also resigned on Friday, leaving chief executive Kati Levoranta in charge.
The Finnish games company has warned that its brand licensing revenues could decline 40% this year.
It has blamed tough competition and higher marketing costs for the poor outlook.
Rovio's London studio was opened in 2017 and the company went public in September with a valuation of £786m.
But on 22 February, the Finnish games maker issued a profit warning... read more

 
2 March 2018 in Science &Technology, Views: 66
Source: BBC
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