Rovio, the Helsinki-based developer of gaming sensation Angry Birds, announced Wednesday it had acquired Finnish animation studio Kombo for an undisclosed amount of cash and stock.
Rovio said it wants expand in all areas of the entertainment business, and Kombo will help with its long-term goal of becoming a “world-class powerhouse in animated entertainment.”
“We have had a long and fruitful relationship with Kombo in the past,” said Mikael Hed, CEO of Rovio, in a statement. “This acquisition is an important step in the execution of our media strategy. The attitude, creativity, and quality of Kombo’s work is simply fantastic, and we look forward to delighting our fans with more Kombo animations.”
Rovio has plenty of cash on hand for purchases like Kombo after raising $42 million in venture capital funding in March. The Angry Birds brand continues to explode with more versions of the game being released like Angry Birds Rio, which came out in March.
As of late April, the original Angry Birds has had more than 140 million downloads since its initial release in December 2009. No doubt that trend will continue as Rovio continues to grow and expand its reach across mobile platforms and even TVs.
We’ll be exploring the most disruptive game technologies and business models at our third annual GamesBeat 2011 conference, on July 12-13 at the Palace Hotel in San Francisco. It will focus on the disruptive trends in the mobile games market. GamesBeat is co-located with our MobileBeat 2011 conference this year. To register, click on this link. Sponsors can message us at email@example.com. To enter the Who’s Got Game? contest for the best game startup, click here.
Marketing technologist? We're studying the big marketing clouds
Fill out our 5-minute survey
, and we'll share the data with you.