• too many birds

    In its latest desperate cash-in, Rovio announces Angry Birds Transformers

    Rovio is starting to look desperate. The company today announced that it has partnered with Hasbro to make a game combining the Angry Birds and Transformers franchises in the worst thing to happen to the anthropomorphic robot cars since Michael Bay was hired to film their reboots. “Angry Birds Transformers provides fans worldwide with a fun, new story and characters, and innovative ways, like our TELEPODS platform, for consumers to engage with the brand,” said Hasbro’s CMO, John Frascotti, in a canned statement. “We…
  • Screen Shot 2014-05-07 at 10.08.42 AM

    Your salvation is in another castle: Nintendo’s decline spells doom for casual game companies

    Nintendo’s reign is coming to an end. The company used to make cherished consoles and beloved games — now its consoles are struggling to compete with other devices while its games face increasing competition from mobile offerings that make Mario seem like a useless plumber. Those two factors contributed to the company’s third consecutive annual loss, and despite its promise to return to profitability later this year, it seems like Nintendo has been stomped. That should serve as a…
  • angry_birds

    Angry Birds’ feathers plucked as Rovio reveals 50 percent decline in profits

    Rovio has defied conventional wisdom by using its Angry Birds game series to create an entire franchise around which candies, stuffed animals, and countless games have been built. It was one of the rare companies able to take what seemed like a fad and make it a cultural mainstay. Now, with a 50 percent decline in annual profits, it seems that its feathers have been plucked. According to Rovio’s latest financial report, overall revenue was stagnant between 2012 and 2013.…
  • European Expansion

    Hoxton Ventures aims to bring Silicon Valley DNA to Europe with a new $40M early stage fund

    Like most startup ecosystems outside of Silicon Valley, Europe could use more venture capital. But it goes beyond simply a lack of cash. Europe is short of investors willing to forgo near-term revenue and profitability in favor of long-term, massive growth. Hussein Kanji, one of two American founders behind London-based Hoxton Ventures, calls it unicorn hunting, and hopes his firm’s newly announced $40 million early stage fund will herald a change in investment attitude. Kanji and his co-founder…
  • Illka Paananen

    Supercell is Accel’s fastest growing company ever. (And it has a ball pit)

    Ilkka Paananen is slumped in a high-backed office chair, wearing a blazer, blue jeans, and a black T-shirt that bears the name of his two-year-old gaming company, one of the most buzzed-about in the world right now, spelled out over three lines: SUP ERC ELL The 34-year-old CEO moved his 70-person team into this office just a few weeks ago, and tomorrow it will have its official opening party, attended by journalists, investors, and other prominent industry figures in Helsinki…
  • supercell

    Supercell: The cash-rich, little-known Finnish startup that could soon be worth $600M

    What could be next big thing in gaming comes to you from the land of Angry Birds. Low-profile Finnish social games company Supercell has been racking up impressive numbers, to the extent where it may soon overtake Zynga, according to our sources. The 60-person startup, which is a compatriot of Angry Birds maker Rovio but has had very little press coverage, is said to be pulling in $750,000 every day. At the start of October, the New York Times…

The Week in Review