Angry Birds Creator Snaps up an Animation Studio, Ramps Up Efforts for IPO

Rovio, the creator of extremely popular game Angry Birds, acquired the leading Finish animation studio, Kombo. Financial terms of the deal are not disclosed, but it is speculated that there was a mix of cash and Rovio’s stock involved. From now onwards, Kombo’s production efforts will be based entirely on Rovio properties.

Ilmari Hakkola, president of Kombo said.

We are very excited to be a part of Rovio. Now we have the possibility to create bigger productions to a very wide and global audience.

Rovio is aiming to expand in all areas of the entertainment business and plans to become a digital Disney. Acquisition of Kombo will help Rovio fulfill its vision of becoming a top player in animated entertainment. Rovio CEO Mikael Hed said.

We have had a long and fruitful relationship with Kombo in the past. This acquisition is an important step in the execution of our media strategy. We look forward to delighting our fans with more Kombo animations.

The AngryBirds franchise continues to explode with new versions of the game released on different platforms. In March 2011, the company successfully raised $42 million in venture capital funding. Recently, Rovio also secured a deal with connected TV box-builder Roku to launch AngryBirds, Angry Birds Season and Angry Birds Ravio to Roku-equipped TVs. Roku founder Anthony Wood. Said

Angry Birds is the most popular and fastest growing casual game yet it has been trapped on mobile devices. We believe there’s a huge market for games like these on the TV.

The Angry Birds franchise has reached over 200 million downloads across different platforms. Speculations have started surfacing that the creators of Rovio are planning for an IPO in coming year or two and the expansion of the company in cross platform media entertainment is part of the plan.