Unhappy Rovio says 2017 was its ‘best ever year’

first_img Edited 1 times. Last edit by Todd Weidner on 3rd March 2018 6:52pm 0Sign inorRegisterto rate and replySign in to contributeEmail addressPasswordSign in Need an account? Register now. Unhappy Rovio says 2017 was its ‘best ever year’Revenue and Profit rise sharply, but miss analyst expectationsChristopher DringHead of Games B2BFriday 2nd March 2018Share this article Recommend Tweet ShareCompanies in this articleRovio EntertainmentA defiant Rovio says that 2017 was the best year in its history, amid investor disappointment, high profile departures and the closure of its London studio.2017 revenue increased 55% to €297.2 million. Operating profit rose to €31.4 million (from $16.9 million), and its games revenue in particular increased by 55.9% to €248 million.Declines were felt in its licensing division, hit by a slowdown in sales of Angry Birds Movie merchandise during Q4 – as would be expected a year after launch. Rovio expects revenue in 2018 to come in at between €260 million – €300 million, as previously reported.It is this that has scared investors, and seen the firm’s share price fall sharply. Despite strong figures, the firm is performing well below expectations.The main reason for this is the under-performance of its most recent games – Angry Birds Match, Angry Birds Evolution and Battle Bay. All three have fallen short of its expectations. To make matters harder, Rovio’s games boss Wilhelm Taht has now left the firm due to personal reasons.The company says it is going to focus on growing the Angry Birds brand via other entertainment mediums – including video, a theme park and the build up to the next Angry Birds movie. It has also closed its London studio to focus development efforts in Espoo and Stockholm.”The year 2017 was the best year in Rovio’s history,” said CEO Kati Levoranta in a statement.”The performance indicators of the company’s top games improved and hames revenue grew by 56%. Group revenue increased by 55%, and both the adjusted operating profit and earnings per share doubled.”During the year the key figures of games segment showed strong development due to the improved monetization of the top games. However, in the last quarter of the year our new games, Angry Birds Match, Angry Birds Evolution and Battle Bay landed short of our expectations. Competition in the market intensified, which led to a significant increase in the unit costs of user acquisition, especially in the puzzle genre. “Although Rovio’s business has a healthy foundation, we are not satisfied with the current performance. Our intention is to return to a higher growth path. We seek to grow our Games business through continuous development, renewal, and improved monetization of our current top live games, and through profitable user acquisition. “This Games-as-a-Service model was well proven by our top game Angry Birds 2 as it grew its gross bookings by 83% in 2017. Likewise Angry Birds Friends, launched in 2012, still goes strong. While we see a lot of potential in our existing live game portfolio, Rovio also continues to invest in the development of new games. Related JobsSenior Game Designer – UE4 – AAA United Kingdom Amiqus GamesProgrammer – REMOTE – work with industry veterans! North West Amiqus GamesJunior Video Editor – GLOBAL publisher United Kingdom Amiqus GamesDiscover more jobs in games “In response to the increased competition we want to raise our game development and operations to the next level.””The revenue of the Brand Licensing business decreased in the fourth quarter as expected by the declining revenue profile of the Angry Birds Movie. In spite of the decrease in revenues, the unit’s EBITDA amounted to nearly 50% of revenues. Rovio will continue to strengthen the Angry Birds brand in 2018 by bringing new video content to the market in cooperation with partners, licensing the brand for new activity parks, and preparing the launch of the Angry Birds Movie sequel, set for release in September 2019.”Rovio will continue to invest in its Hatch mobile streaming service.Celebrating employer excellence in the video games industry8th July 2021Submit your company Sign up for The Mobile newsletter and get the best of GamesIndustry.biz in your inbox. Enter your email addressMore storiesRovio shuts down HatchUpdate: Rovio clarified that the family-focused branch of the service, Hatch Kids, is still openBy Marie Dealessandri 3 months agoRovio names Alexandre Pelletier-Normand as new CEOFormer EVP of games will take over from Kati Levoranta on January 1By James Batchelor 4 months agoLatest comments (1)Todd Weidner Founder, Big Daddy Game Studio3 years ago see this is the problem with tying exec. salary with stock price., because if you didnt, then there would be NO reason to care about investors feelings. They are profitable so they are more than capable of funding their needs. Are they in need of a new round of stock offerings for some new big capital expenditure? if not who cares what the investors think.Do most people even understand how the market works? Im not sure they do. The stock market is about a company selling their stock in an IPO in order to raise needed capital. After that, the company should be pretty much out of the picture. The only reason its not the case is because they have stupidly tied their execs bonus and salary to stock price, so now the execs are more worried about the stock market daily swings instead of building long term health.They had a good year, but since they didnt hit some imaginary benchmark created by some third party, all of a sudden its not a good year, even if the numbers prove otherwise. WTF.last_img read more

Stolen 400-year-old Bible from Pittsburgh’s Carnegie Library recovered

first_imgFBI Pittsburgh(PITTSBURGH) — What’s a two-year wait for a 400-year-old Bible.The Carnegie Library in Pittsburgh unwrapped its Geneva Bible, dating back to 1615, on Thursday, two years after it was stolen. The Bible was recovered in the Netherlands — purchased by the American Pilgrim Museum in Leiden — and sent neatly to the U.S. in a small metal box and tucked in a decidedly post-17th century invention: bubble wrap. The owner of the museum, dedicated to the refugees who fled England over religious persecution, discovered the book had been stolen when it was announced last year.“This Bible is more than a piece of evidence in a case,” FBI Special Agent in Charge Robert Jones said at a press conference. “It is a priceless artifact of religious significance to people of many faiths.”The thefts — as well as many books that were not stolen, but damaged — were discovered in July 2018. There were a total of 288 rare, historical books either stolen or damaged at the Carnegie Library, according to the Allegheny County District Attorney’s Office. Some were worth tens and even hundreds of thousands of dollars.The thefts, allegedly an inside job and conducted over two decades, resulted in the arrests of archivist Gregory Priore, and a bookseller, John Schulman, who allegedly conspired with him, according to The New York Times.The stolen and damaged material was worth a total of about $8 million, according to authorities.Allegheny County District Attorney Stephen Zappala commended the museum owner for being “an honest person” and contacting authorities.“Since the investigation was initiated, with the help of the FBI, 18 books have been recovered, 293 associated maps, plates and pamphlets have been recovered from areas all over the United States of America, as well as London and now the Netherlands,” Zappala said.The recovered edition is a rare version of a Geneva Bible, called a Breeches Bible. The word “breeches” refers to a printing change in the story of Adam and Eve that refers to them wearing breeches.The investigation and recovery of the missing books continues with authorities asking anyone with information to get in touch with the Allegheny County District Attorney’s Office.Carnegie Library’s main location and five smaller branches were established in the late 19th century thanks to a $1 million donation by steel magnate Andrew Carnegie, once acclaimed as the richest man in the world. Copyright © 2019, ABC Radio. All rights reserved.last_img read more

Teen activist Greta Thunberg says Global Climate Strike mission is ‘much bigger’ than skipping school

first_imgWe-Ge/iStock(NEW YORK) —  Thousands of young activists filled the streets by New York City Hall Friday for the Global Climate Strike.Participants joined together to strike ahead of next week’s UN Climate Summit and NYC Climate Week, urging lawmakers to act on climate issues.More than 1,000 communities across the United States participated in the event, and New York City schools allowed students to attend the march.Sixteen-year-old activist, Greta Thunberg, spoke with “Good Morning America” about her plan for the Climate Strike and the message she wants to send to others about climate change.GMA: What is your plan for Friday’s Climate Strike?Greta: Today I’m going to join the Climate Strike in New York, which will start on Foley Square and end up on Battery Park, and then I’m planning to go home and look at all the pictures from around the world from all of the strikes.I look forward to doing that and to seeing all the numbers from strikes.GMA: What do you expect from today?Greta: From today, I hope there will be lots and lots of people all around the world who are standing together and are striking for the climate, striking for schools, striking from work. People of all ages joining each other in this fight, and I hope that will lead to action, to real action, because this is building up to the UN Climate Action Summit on Monday and for the UN Week when world leaders are gathering in New York. I just hope that they will take something out this that there are so many [who desperately] want action, who demand action.GMA: We heard that over 150 countries are participating in this Friday, how does that make you feel?Greta: The numbers from all these cities around the world. There are tens of thousands and just small towns, and it’s just incredible to see. I think it’s just a joyful day.GMA: What’s your next step?Greta: After today, I am going to stay in New York for a while for the UN Week and join several events, and then for the big strike on the 27th of September in one week, I am going up to Montreal to join that climate strike, and then I’m going to try to get to Santiago.This movement we are planning on continuing. [For] some of us, it’s every Friday and some of us, it’s whenever we can and many of us on the big global strikes.GMA: You recently mentioned that news organizations and Congress need to do more than just cover you like a piece of news. Tell us more about that.Greta: Right now we are focusing very much on me as the individual, and not the climate crisis itself, so I think we need to see more the big picture and the media need to cover this whole crisis for what it actually is.I’m so public and so many people are listening to me, then I’m trying to use that positioning to making a change.GMA: Tell us about a time during your tour when you spoke to someone who opposes your beliefs.Greta: Of course, I have met many people who don’t understand or accept the science, and I just don’t try to convince them otherwise, because I don’t want to normalize their view, because, I mean, it’s just science. This is not my beliefs or opinions. I’m just trying to communicate the science.GMA: Do you feel like when you talk to people in America, it’s different than anywhere else you’ve traveled to.Greta: Of course, every country’s different. Here, it feels like we are still stuck in the conversation of whether the climate crisis is real or not. People always say, “I believe in climate change,” and it’s just we need to move past that.GMA: What don’t people understand about your mission?Greta: About me and our mission, this movement’s mission, we are not just some kids who are skipping school, but this actually something much bigger. This is a movement and all we’re saying is, “Listen to science,” and we are so much more than just young children. This is, I think, this is something very big that is growing and it will not stop. I think we are only seeing the beginning.GMA: What would you want to happen in 50 years?Greta: I would want [the world] to have taken the responsibility and listen to the science, and together with experts and scientists, developed a plan and how to take the measures required to safeguard the conditions for future and present generations.GMA: Do you have a message for the leader of the United States, President Donald Trump?Greta: My message is the same to everyone, just [unite behind] science, and, I mean, it doesn’t feel like it’s very easy to change his mindset, so I’m not even gonna try to do that.GMA: What do you think the best way is to get people to agree or talk about climate issues?Greta: I think just raise awareness and start treating this crisis as the crisis it is, because otherwise, people won’t be able to understand the urgency, and if they don’t understand of the situation, they can’t be able to put pressure on people in power, so I think it’s a very essential part of this.GMA: What has surprised you the most about your American tour?Greta: I don’t know, just so many cultural differences. It’s very fun to travel to different countries and see how the debate is going there and how much people seem to be aware, and how climate activists work, because they work so different in different parts of the world.Everything is just so much bigger and so much more than where I come from.Copyright © 2019, ABC Radio. All rights reserved.last_img read more

Joseph Stalin and the curse of the blue elephant

first_imgSince Stalin’s purges and since the fall of communism, Buryat shamanism has been rediscovered and reinvented, in some ways for the better. To make up for the loss of historical continuity, practitioners have constructed ever more elaborate stories of their origins.Humphrey tells of one modern Buryat who claims descent from 42 shamans on his mother’s side, and from the 12th Dalai Lama and Attila the Hun on his father’s side. All Buryats claim ultimate descent from a sky-god called Father Bald Head, through one of his three daughters, a swan.The Buryat myths have a pleasing ring about them, and they are no more fanciful than the lore of better-known religions. As for the attempt to diminish Stalin’s guilt by blaming his crimes on a blue elephant’s curse, that would not be my own choice of argument. But it makes more sense to me than the claim, heard elsewhere in Russia, that Stalin was a great man whose crimes were not that bad in the first place. Robert Cottrell is Central Europe correspondent for The Economist. The protest comes in response to Latvia’s calls for Russia to reappraise the Molotov-Ribbentrop pact which preceded the Second World War and the Soviet occupation of the Baltic States which followed it. “We will give those Balts hell,” one of the organisers promises.Personally, I am disappointed. Not so much because I think the Latvians are right, which I do, but because I would have expected the Buryats to come up with something more picturesque than shouting and vodka.After all, Buryatia is one of the weirdest places on earth, home to a cult of shamanic Buddhism merging pantheist deities and rituals with Buddhist practice. The supreme divinity is the Eternal Blue Sky, beneath which flourish 99 lesser Tengri, or spirits, 44 of them spiteful and 55 good. They include the four Tengri of the compass points, the five Tengri of the wind, the seven Tengri of the thunder, and Erlig Khan the Tengri of the Dead. With a cosmology like that at their back, the Buryats might have managed something more awe-inspiring than a rubber doll for this special occasion. Even if Erlig Khan the Tengri of the Dead is otherwise engaged, one or two of the Tengri of thunder could surely have come and rumbled.On the other hand, perhaps the Buryats’ hearts are not quite in it. Like Latvia, Buryatia suffered terribly under Stalin. Buryats were deported and murdered, their monasteries closed.According to Carolyn Humphrey, a lecturer in anthropology at Cambridge University, Buryat villagers later explained Stalin’s crimes to themselves by means of a myth depicting the Soviet leader as the third reincarnation of a blue elephant which had first lived in ancient India.The elephant was worked to death in the building of a Buddhist temple, without so much as a word of blessing from the local lama. It swore to destroy Buddhism three times in future lives. Stalin was the last of those lives, say the Buryats.Humphrey showed how this myth allowed the Buryats to see Stalin as a wise and even a religious man. He had accumulated great merit in his first life as the blue elephant. He was attacking the Buryats almost despite himself, bound by the elephant’s curse.last_img read more

Joe Russo’s Almost Dead Adds California Shows To 2020 Summer Tour

first_imgJoe Russo’s Almost Dead has announced three new shows in California set to take place this summer as part of the band’s 2020 tour schedule.The band’s West Coast run will now include performances at Harrah’s Resort SoCal in Valley Center, CA (8/13); the Hollywood Palladium in Los Angeles, CA (8/14); and Frost Amphitheater in Stanford, CA (8/15).Related: Related: Emerald Quintet Ft. Stanton Moore, Skerik, Scott Metzger, More Announces Late-Night Show During Jazz FestThe three new California dates will follow the band’s previously-announced headlining appearance at Virginia’s LOCKN’ Festival where they’ll perform alongside Grateful Dead bassist Phil Lesh and Dead & Company guitarist John Mayer on June 21st.The popular Grateful Dead-inspired band will return to The Capitol Theatre in Port Chester, NY this week for a sold-out, three-night run at the iconic concert venue.Tickets for the Hollywood Palladium and Frost Amphitheater shows on go sale this Friday, February 14th at 1 p.m. EST. The on-sale for the Harrah’s Resort SoCal show has not yet been announced. Head to the band’s website for more info.last_img read more

Lenexa adopts public financing plan for Ridgeview Mining district; Shawnee hosts program on backyard chickens

first_imgLenexa adopts sixth project plan for public financing of Ridgeview Mining districtThe Lenexa City Council on Sept. 15 voted 6-0 to adopt a sixth project plan for public financing of the Ridgeview Mining TIF District.Located at the northeast corner of Ridgeview Road and K-10 Highway, the project will become a mixed-use site comprising 80,000 square feet across eight buildings and will feature retail, restaurants, a convenience store and gas station and hotel.Doug Robinson, the city’s chief financial officer, expects the TIF to generate about $11.9 million over the 20-year term. The tax increment financing agreement and subsequent development agreement indicate that the developer, Ten Ridge LLC, and the city of Lenexa will each receive 50% of TIF revenues. City staff estimate roughly $8 million in private reimbursable TIF expenses and $8 million in public reimbursable expenses.Councilmember Corey Hunt was absent, and Councilmember Tom Nolte abstained from the vote, citing a conflict of interest.Mission to host virtual public workshop related to comprehensive planThe city of Mission is hosting a virtual public workshop on its new comprehensive plan on Thursday, Oct. 1.Public participants can provide input on the city’s priorities, opportunities and areas of concern during the meeting. The meeting will take place at 6:30 p.m., and instructions for accessing the meeting will be made available on the city’s website on Oct. 1.Contact Kaitlyn Service, the city’s planner, at [email protected] or at (913) 676-8366 for additional information.Shawnee hosting program on backyard chickensThe Shawnee Parks and Recreation Department is hosting a program on backyard chickens. Topics that will be covered include the basics of chicken behavior, feeding, coop needs and chicken health, among other topics.City staff will also provide information regarding Shawnee backyard chicken ordinances. Space is limited, physical distancing is enforced and masks are required during the program. The cost is $13 per person and pre-registration is required.last_img read more

Alga’s Organics from St. Lucia to be showcased at CWA

first_imgOwner of Alga’s organics Johanan Dujon In continuing our features highlighting Youth entrepreneurs who will display their products at the Caribbean Week of Agriculture being held in the Cayman Islands 24-28 October 2016 we look at  Alga’s Organics, owned by Johanan Dujon from St. Lucia. Alga’s Organics which was established in 2014, manufactures organic lawn and garden products using all natural constituents which build plants resilience to drought. Sargassum seaweed has been incorporated as one of the raw materials. Dec 12, 2019 Youth Entrepreneurship Focus at CARICOM-Led Workshop in SVG Nov 26, 2019 Mar 20, 2020 Saint Lucian, Johanan Dujon, makes Forbes 30 Under 30 list Alga’s also offers green waste management solutions such as Seaweed containment & removal services as well as landfill green waste diversion services. Algas Organics products are manufactured and sold in St. Lucia. According to owner Johanan Dujon the demand for organic lawn and garden products is increasing both locally and throughout the region as consumers become more aware of some of the health implications of synthetic chemicals (pesticides, fungicides etc). Our strategy for expansion entails building capacity, strengthening research & development, and increasing marketing efforts, Dujon said. In relation to ways in which he plans to keep your business relevant and sustainable he explained that innovation through a wider range of lawn & garden products which extend to natural pesticide and fungicide formulas utilizing local raw materials would be pursued. We will continue our marketing efforts to cement ourselves as the green company, and diversify our offerings to include organic food products amongst others. Share this:PrintTwitterFacebookLinkedInLike this:Like Loading… Jan 26, 2020 CDB Supports Caribbean Youth Leaders’ Summit in Trinidad You may be interested in… Barbados Youth Leaders Participate In National Consultations… Share this on WhatsApplast_img read more

OBITUARY: Son of NASCAR Founder, ISC Chairman Bill France Passes Away

first_imgDAYTONA BEACH, FL – William (Bill) C. France, 74, chairman of International Speedway Corp. (ISC), passed away yesterday in Daytona Beach, FL. Funeral arrangements are pending. AdvertisementClick Here to Read MoreAdvertisement Effective immediately, ISC Chief Executive Officer James (Jim) C. France will assume the role of chairman. “For over four decades, Bill stood at the helm of a growing national phenomenon,” said Jim France. “He successfully guided the sport into the American mainstream and elevated NASCAR racing to the pinnacle of motorsports. Bill was an extraordinary steward of the sport our father, ‘Big’ Bill France, founded over 60 years ago, and he led ISC on its tremendous path of success since taking the helm as chief executive officer in 1981. “Bill led the company’s extraordinary growth during his tenure,” France continued. “In addition, he also established a strong foundation for the continued success of the company. He instilled into ISC’s culture the insight, vision and leadership necessary for the company to continue building upon his accomplishments well into the future. Our strong management team remains in place, complemented by a fully committed board of directors, and we remain intently focused on successfully leading the company into the future.” “My father will be sorely missed, not only by our family, but by all the lives he touched over his many years in the sport,” said ISC President Lesa France Kennedy. “From drivers to owners to other track operators and professionals in the racing world, Bill France served as a champion for motorsports and his legacy is the renowned success that NASCAR and ISC have, and will continue to achieve.” Advertisement Information for memorial considerations will be forthcoming and made available on http://www.iscmotorsports.com.last_img read more

“Investment in CCS needs to increase”

first_imgGet instant access to must-read content today!To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.Don’t just stay connected, stay at the forefront – join gasworld and become a subscriber to access all of our must-read content online from just $270. Subscribelast_img

Expansion Projects Bring Benefits to Victoria’s Ports

first_imgVictoria’s commercial ports have performed strongly over the past year, posting solid figures in import and export trade.Minister for Ports David Hodgett welcomed the annual reports tabled in Parliament yesterday and said the figures reinforced the strategic value of Victoria’s commercial ports.“Victoria has an incredibly strong ports sector which can be seen in the figures posted for the past year for trade at Melbourne, Geelong and Hastings,” Mr Hodgett said.“The Port of Melbourne Corporation recorded an overall profit after tax of $72.8 million for 2013-14 against the background of modest overall trade growth. “The Port of Hastings also continued its strong trade growth, reporting significant increases in both exports and imports for the past reporting period. “Overall, these are positive trade figures at Victoria’s major ports and the Napthine Government will continue its support of the sector to ensure these figures grow into the future,” Mr Hodgett said.Mr Hodgett said there were significant projects underway at each major port to ensure Victoria retains its position as the country’s freight and logistics capital.“It’s a particularly dynamic time for the industry at the moment. It’s a time when a great deal of attention is being paid to the state’s ability to capitalize on the growing port trade, particularly the fast-growing container trade,” Mr Hodgett said.“The $1.6 billion Port Capacity Project at the Port of Melbourne is critical to our ability to accommodate future container and automotive trade growth. “This major project has gained even greater momentum during the year with the announcements of the successful bidders for the international container terminal, the automotive terminal and Pre-Delivery Inspection (PDI) hub. “Planning is well underway on the expansion of the Port of Hastings as Victoria’s next container port with major planning milestones achieved in the past year. “There have been several milestones this year for the Victorian Regional Channels Authority (VRCA) including its appointment as Port-City coordinator in June to facilitate proposed infrastructure projects for the port, and the $6 million contract awarded in February to undertake dredging and improve safety, capacity and efficiency in the shipping channels,” Mr Hodgett said.[mappress]Press Release, September 19, 2014last_img read more