Angry Birds Developer Rovio Planning On Getting Into the Publishing Business?
Besides rolling around in a pool filled with their $70 million in Angry Birds revenue, just what does Rovio “the world’s fastest growing global consumer brand ever,” plan to do with all that cash? Well, the Finnish group may be looking to get into the indie publishing business. In an interview with Develop, Rovio suggested that they may be in talks with mobile game studios to jump into the new business venture. Rovio executive Peter Vesterbacka has this to say,
We have some plans for this area, but not ready to announce yet. If we do something in the publishing area, you can expect it to be a bit different.
Back in March, Rovio scooped up $42 million in a new investment fund although it was not disclosed what projects the cash would fund. Rovio has also mentioned they plan to have their stock listed on New York Stock Exchange in which it was recently valued at $1.2 billion. If Rovio does go through with this indie publishing venture, it will give small time developers a chance at scoring big thanks to Rovio’s internationally known brand.
[Develop via DroidGamers]