Rovio’s future hangs on success of ‘Angry Birds’ movie
Apr06
Remember Angry Birds? Of course you do, but do you still care? Probably not. Rovio, the maker of the popular franchise that launched in December 2009, reported its annual earnings today and it’s still not great. It’s seen diminishing profits for the third consecutive year in a row. In 2015, the company had a revenue of an impressive €142 million ($161 million), but had an operating loss of €13 million ($14.7 million). Rovio is pinning its future of the Angry Birds movie, which is due in cinemas starting in May, saying that “2016 is a transformative year” for the company. Interestingly,…
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