More Reviews
REVIEWS Firefall Review
Repetitive gameplay makes this fall a little boring.

The Walking Dead: Season Two Review
At this point, you’re not coming back for the zombies. Let’s get down to business.
More Previews
PREVIEWS Geometry Wars 3: Dimensions Preview
Put up some movie glasses, because Geometry Wars is entering the third dimension.
Release Dates
NEW RELEASES Destiny
Release date: 09/09/14

FIFA 15
Release date: 09/23/14

Ar Nosurge: Ode to an Unborn Star
Release date: 09/23/14

Persona 4 Arena Ultimax
Release date: 09/30/14


LATEST FEATURES And I Was All "Hell Yeah I'll Play a New Dreamcast Game"
I just played a Dreamcast game that was released in... wait, 2014?

A Comprehensive Guide to Dealing with Controversy in the Video Game Industry
Need help wading through the latest misogyny/homophobia/racism/corruption debate in the gaming industry? Paul Tamburro’s here to help!
MOST POPULAR FEATURES The Updating List of PAX Indies
We're heading to PAX Prime! Are you looking to check out a few unique indie games while you're there? UPDATED: Dragon Fin Soup, Dungeon of the Endless,

LEADERBOARD
Read More Member Blogs
FEATURED VOXPOP samsmith614 Since game design is a business, I decided to see what's really selling well for the PS4. I did this search a week ago, and at the time, out of the top 20 bestsellers on Amazon 10 had not even been released yet. By now some have been released. But others still have not. And yet others...

GAMING NEWS

Angry Birds Developer Rovio Says $1.2B Evaluation Is Too Low

Posted on Friday, October 14 @ 13:14:58 Eastern by


Based on funding talks in August, Angry Birds developer Rovio has been valued at $1.2B based on the 400 million and free downloads of the game since 2009, but "Mighty Eagle" Chief Marketing Officer Peter Vesterbacka believes that this estimate is conservative:

We're happy with our valuation but we think it's probably a bit north of that.

We're not ready to file for an IPO tomorrow. Maybe a year from now... We're insanely profitable... We're not a publicly traded company yet but we can fund our own growth.

We think we have a good shot at being the first entertainment brand that has a billion fans -- people we can talk to and have a dialog with every day.

Disney started as a black and white cartoon about this little mouse. Nintendo has been working on Mario for 26 years. Angry Birds is less than two years old.

Walking through the Chinese mall next to my apartment, I see Angry Birds merchandise in stores normally reserved for the likes of Mario, Sonic, and Final Fantasy. I have my eyes on some of the Angry Birds pillows, and I haven't even played Angry Birds. I just know that I can throw the pillow at someone and laugh about it. The point is that I have no idea whether $1.2B is really a low estimate, though it might be one that's set-up for crash-and-burn failure.
Tags:   Rovio, Angry Birds


More from the Game Revolution Network




comments powered by Disqus

More On GameRevolution