Any entertainment property with hundreds of millions of consumers is valuable, and it seems Rovio is making the most of its current opportunity.
According to Bloomberg, it's in talks over additional funding from a company in the entertainment business that would value it at $1.2 billion.
The funds would be used to supercharge the expansion of the Angry Birds IP into film, games and other leisure activities.
Ruffled feathers
Wedbush Securities' Michael Pachter pointed to some obvious potential players.
"I can see how Disney would take Angry Birds and turn them into a theme-park ride and a movie. Zynga could take Angry Birds and make it into FarmVille," he told Bloomberg.
Interestingly, this theoretical $1.2 billion valuation more than EA paid for PopCap (excluding earn-out); a deal that Rovio's VP franchise development Ville Heijari put in context by saying "But [our] valuation ... is somewhere, I dunno, maybe north of PopCap."
Rovio's first funding round earlier in 2011 netted it $42 million, although it didn't publicly announce what internal valuation this resulted in.
[source: Bloomberg]
News
Contributing Editor
A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.
Related Articles
News
Mar 15th, 2024
Sega and Rovio's deal bears first consumer-facing fruit across FIVE game collabs
as
News
Feb 9th, 2024
Sega Sammy's entertainment profits slide by 52.5% Y/Y despite Rovio sales boost
Top Stories
Feature
Mar 25th, 2024
5 takeaways from GDC 2024: The games industry reckons with key challenges, Godot competes with Unity, and AI was the big trend without the big announcements
Feature
Mar 25th, 2024
Hot Five: Epic’s app store plans, Turkey’s tax exemptions, and Call of Duty Warzone: Mobile finally releases globally
Events
Mobidictum Network Lisbon April 2024 | Europe | Apr 16th |
HIT Games Conference Istanbul 2024 | Apr 18th | |
App Promotion Summit London | Europe | Apr 25th |
Dubai GameExpo Summit 2024 | Middle East | May 1st |
Mobidictum Meetup Berlin May 2024 | Europe | May 7th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Israel Mobile Summit 2024 | Middle East | Jun 6th |
Mobidictum Meetup Barcelona September 2024 | Europe | Sep 1st |
Popular Stories
Feature
Mar 25th, 2024