Mobile games maker Rovio reported its operating profit fell 73 percent last year due to a drop in its licensing business, a latest sign its breakthrough Angry Birds brand is losing its appeal. Falling consumer product business, which includes toys, clothing and brand licensing, adds to problems of the Finnish company which has yet to see a repeat of the success of its original Angry Birds game launched in 2009. Rovio said its 2014 operating profit fell to 10 million euros from 36.5 million in 2013 and 76.8 million in 2012. Revenue from mobile games, however, increased 16 percent to 110.7 million euros as new games such as Jolly Jam and Angry Birds Stella Pop! helped its total annual downloads to reach 600 million.
via Gaming News Headlines - Yahoo! News http://ift.tt/1GrXpT9
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