{"id":80799,"date":"2019-02-15T01:13:36","date_gmt":"2019-02-14T17:13:36","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=235665"},"modified":"2019-02-15T01:13:36","modified_gmt":"2019-02-14T17:13:36","slug":"rovio-to-offload-part-of-hatch-subsidiary","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/2019\/02\/15\/rovio-to-offload-part-of-hatch-subsidiary\/","title":{"rendered":"Rovio to offload part of Hatch subsidiary"},"content":{"rendered":"<p>        \tAngry Birds maker Rovio could reduce its ownership in cloud-based game streaming service Hatch Entertainment by at least 30 per cent in a bid to raise funds.<\/p>\n<p>CEO Kati Levoranta said in an earnings statement: \u201cTo accelerate its growth, Hatch Entertainment, Rovio&#8217;s 80 per cent-owned subsidiary\u2026is seeking external funding and further strategic partnerships. Hence, Rovio is prepared to reduce its ownership in Hatch Entertainment below 50 per cent\u201d.<\/p>\n<p>The announcement comes on the heels [1] of an investment by Japanese operator NTT Docomo in Hatch, part of a partnership that will see the operator bring more games to its Japanese customers.<\/p>\n<p>Results<br \/>\nLevoranta commented as the company announced operating profit fell 43.4 per cent year-on-year in Q4 2018 to \u20ac5.9 million on revenue of \u20ac72.7 million, down 1.7 per cent.<\/p>\n<p>Rovio stated the drop in profit was due to a lack of new game launches during 2018, higher user acquisition costs and a decline in brand licensing revenue following a bumper 2017 when the figure was inflated by income from the first Angry Birds Movie.<\/p>\n<p>However, Levoranta was optimistic, stating 2018 was characterised by continuously improving games and optimising user acquisition. She added average revenue per daily active user and monthly average revenue per paying user &#8220;reached a new high&#8221;.<\/p>\n<p>Full year operating profit of \u20ac31.5 million was broadly flat on the \u20ac31.4 million generated in 2017, while revenue fell 5.4 per cent to \u20ac281 million.<\/p>\n<p>The company predicted revenue in 2019 will be in the range of \u20ac300 to \u20ac330 million, with 13 new games in development for the period to 2021.<\/p>\n<p>Levoranta also pointed to the pending release of a sequel to the Angry Birds Move in August as a positive, predicting uptick in Rovio&#8217;s licensing business and use of the related mobile game &#8220;towards the end of 2019&#8221;.<\/p>\n[1] https:\/\/www.mobileworldlive.com\/featured-content\/apps-home-banner\/rovio-cloud-games-subsidiary-wins-docomo-backing\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Angry Birds maker Rovio could reduce its ownership in cloud-based game streaming service Hatch Entertainment &#8230;<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.mobileworldlive.com\/featured-content\/apps-home-banner\/rovio-to-offload-part-of-hatch-subsidiary\/\">Rovio to offload part of Hatch subsidiary<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.mobileworldlive.com\/\">Mobile World Live<\/a>.<\/p>\n<p> <a href=\"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/2019\/02\/15\/rovio-to-offload-part-of-hatch-subsidiary\/\">\u95b1\u8b80\u5168\u6587 <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":58,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"slim_seo":[],"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[2069,2676,2,2254,7],"tags":[398,402,397,414,413,410,499,409,407,408,406,399,400,394,10,401,396,787,786,784,782,783,764,785,403,412,411,395,405,404,778,779,780,781],"jetpack_publicize_connections":[],"aioseo_notices":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p7prtj-l1d","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/posts\/80799"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/comments?post=80799"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/posts\/80799\/revisions"}],"predecessor-version":[{"id":80800,"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/posts\/80799\/revisions\/80800"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/media?parent=80799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/categories?post=80799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/tags?post=80799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}