Finnish mobile games and animation company Rovio Entertainment said on Monday it was stepping up its hunt for new hit games by opening a studio in London to focus on new multiplayer games that would not rely on the firm's Angry Birds brand.
Privately-held Rovio has struggled in recent years as profits from the Angry Birds franchise dropped, prompting deep job cuts and divestments.
But last year Rovio launched an animated Angry Birds 3D Hollywood film that it said did well at the box office and yielded new licensing deals.
"Our business is profitably growing, and the time has come for us to grow in numbers too," said Antti Viitanen, head of Rovio's game studios.
The company said it was looking to build a team of about 20 people in London to focus on "massively multiplayer" online games - like Supercell's Clash of Clans - with new intellectual property.(Read More)
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