Going forward, the streaming service will focus its efforts towards Hatch Kids, a subscription-based entertainment streaming service tailored for children and families.
According to the Finnish studio's financials, Hatch cost the firm €10.9 million ($11.8 million) in 2019. This new initiative looks to bring that amount down to €4.9 million ($5.3 million) for 2020, a saving of approximately €6 million ($6.5 million)
Slow 5G roll-out
Reasons for the shift were put down to the roll-out of 5G networks being slower than anticipated, alongside the competitive landscape for in-game streaming becoming "more challenging" during 2019.
Hatch Kids is currently in soft launch in Finland and Sweden on Android, with Rovio stating that early performance of the service has been "encouraging".
Rovio recently soft-launched Angry Birds Tennis in the US and Mexico, a new sport PvP real-time sports title starring the company's mascots.
Prior to this, we spoke to Hatch Entertainment head of customer service Pascal Debroek on the future of streaming mobile games.