'Angry Birds' Producers Buy Finnish Animation Studio

Kombo, a leading animation studio in the region, is to form a key part in Rovio's next move: turning its 'Angry Birds' franchise into a TV and web series and feature film.

COLOGNE, Germany - Rovio, the Finnish developer behind the Angry Birds gaming phenomenon, has bought Finland's leading animation studio, Kombo, for an undisclosed sum of cash and Rovio stock. Helsinki-based Kombo will switch its operation entirely over to the production of Rovio-based properties. The acquisition is Movio's first major investment since raising $42 million in an initial venture capital push earlier this year.  Kombo, a leading animation studio in the region, is to form a key part in Rovio's next move: turning its Angry Birds franchise into a TV and web series and perhaps even a feature film.

"We have had a long and fruitful relationship with Kombo in the past," said Rovio CEO Mikael Hed. "This acquisition is an important step in the execution of our media strategy."

Rovio indicated its buying spree isn't over yet, saying they are on the lookout for more talent in the fields of animated entertainment and application development.
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