Rovio Entertainment today announced plans to restructure and concentrate its activities around three primary business areas: games, media and consumer products. As a result of these plans, the company will begin employee negotiations on up to 260 redundancies.
The negotiations apply to the whole organization, excluding those working on the production of the The Angry Birds Movie in the United States and Canada.
“While we have gathered good momentum this year, especially with the launch of the Angry Birds 2 game — downloaded nearly 50 million times in its first month of release — fundamental changes are needed to ensure Rovio succeeds in its global ambitions to be the leading entertainment company with mobile games at its heart,” says Rovio’s CEO Pekka Rantala. “This is personally a difficult decision. However, it is certain that a leaner and more agile Rovio is absolutely necessary to move forward and take the company to new successes in the future. We will work with and support all our employees through this period of change.”
“Rovio’s growth and eagerness to explore new business opportunities over the past few years has been exceptional,” Rantala adds. “As a result, we did too many things. In our current financial condition we must now put focus on where we are at our best: in creating magnificent gaming experiences, in producing an amazing animation movie and in delighting our fans with great products.”
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About Rovio Entertainment Ltd.Rovio Entertainment Ltd, the creator of Angry Birds™, is a global industry-changing entertainment media company headquartered in Finland that creatively combines digital with physical, breaking the boundaries of traditional content delivery. What started as a casual game in 2009 became an international phenomenon within a few months of its release. Today Angry Birds is not only the most downloaded game of all time, it is a worldwide known entertainment brand reaching out into publishing, licensing, animations, books and location based entertainment. The Angry Birds Movie is slated for May 2016. www.rovio.com