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February 13, 2016 5:43 PM ET

Software

Company Overview of Rovio Entertainment Ltd.

Company Overview

Rovio Entertainment Ltd., an entertainment media company, develops mobile games. It offers Angry Birds, a casual puzzle game; Rovio Stars, a mobile game publishing program; and other games for various platforms. The company also publishes story, comic, activity, and learning books. In addition, it offers playground learning, theme park and attraction, licensing, animations, and location based entertainment concepts. The company was founded in 2003 and is based in Espoo, Finland with additional offices in Shanghai, China; Stockholm, Sweden; the United States; London, United Kingdom; and Tokyo, Japan. Rovio Entertainment Ltd. also operates game studios worldwide.

Keilaranta 17

Espoo,  02150

Finland

Founded in 2003

Phone:

358 2078 88300

Fax:

358 2078 88333

Key Executives for Rovio Entertainment Ltd.

Chief Executive Officer
Co-Founder and Board Member
Co-Founder
Chief Financial Officer
Chief Operations Officer
Compensation as of Fiscal Year 2015.

Rovio Entertainment Ltd. Key Developments

Rovio Entertainment Ltd. Announces Executive Changes

Rovio is shifting more operational responsibility and decision-making into its two business divisions Games and Media. As a consequence of this change, Pekka Rantala, who has successfully led Rovio through a period of change and strengthened the company's focus, has decided to step aside. Rovio has appointed Kati Levoranta as the new CEO. As part of the leadership change, Mikael Hed will lead Rovio's media business, including its licensing activities, and Wilhelm Taht will lead the company's games unit. Levoranta has served Rovio since 2012 as Chief Legal Officer, and has also headed the company's sales for the EMEA region since March 2015. Rantala will stay on as CEO until the end of the year to ensure a smooth leadership transition on January 1, 2016.

Yowie Group Ltd. Signs License Agreement with Rovio Entertainment

Yowie Group Ltd. announced that Yowie has signed a Licensing Agreement with Rovio Entertainment Ltd. for the rights to manufacture and distribute an Angry Birds chocolate candy inclusion product with an Angry Birds collectable surprise inside for the U.S. market. The terms of the agreement give Yowie licensing rights for a period of three years up until September 2018. The Angry Birds chocolate candy will be similar in size and shape to the Yowie product line, but with distinctive Angry Bird character foils and collectables. The product will be produced on the Yowie manufacturing line to Yowie global benchmark quality and safety standards. The opportunity to order Angry Birds chocolate candy will be available to all retailers including current Yowie stockists and distribution partners. The launch will be supported by Rovio generated marketing spread across a range of Angry Birds licensed lines. More details for the chocolate candy launch will be released later in the year.

Rovio Entertainment Ltd to Reduce Work Force

Rovio Entertainment Ltd. has concluded its employee negotiations announced on August 26, 2015. As a result, Rovio will reduce its workforce by 213 positions. Rovio Entertainment will restructure and concentrate its activities around three primary business areas: games, media and consumer products. The negotiations applied to the whole organization, excluding those working on the production of the Angry Birds Movie in the United States and Canada. The company will actively provide career support for those made redundant as a result of the reorganization.

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