Romeo closes studio in London

in romeo •  7 years ago  (edited)

The London studio has shut down the organization's profits, and Angry Birds creator Rovio has stopped.

Geheim's head of the organization Willim Tat, resigned on Friday. He resigned from the post of Chief Executive Leveronta, who has resigned, according to the BBC report.

This year, the creator of the game maker Finnish, has been warned that the revenue of this company could reduce 40 percent. It is believed that this was due to the difficult competition and over spending due to the campaign.

Robio's London studio was launched in 2017. In September, the company entered the stock market with a market value of $ 78.6 million.

But on February 22, the Finnish company received a warning about profit. As a result, their share price was reduced to half.

While closing London studio, the company said they wanted to pay attention to Finland and Sweden studios. There were seven game developers in the London studio.

After the expansion of the Angry Birds in 2009, the organization's income has increased tremendously. But in 2015, after losing a lot of damage, the company and one third of the employees were pruned.

In 2016, the Angry Birds movie earns 35 million US dollars and helps to increase the sales of the game. It is expected that the new sequel of the movie will be brought in 2019.

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To be honest, I didn't expect they would close the London studio down. Hopefully, the sequel of the movie will help them to stand back on their feet.

Thanks a Lot For Your valuable comment .

Maybe they will reopen soon.

maybe later