Rovio Ent. sells its Vancouver-based TV animation studio to Kaiken Ent.

 

Rovio Entertainment, the owner of Angry Birds has sold its Vancouver-based TV animation studio along with its book publishing business and some unnamed non-Angry Birds IPs, to Kaiken Entertainment. The new L.A.-based startup was recently launched by former Rovio CEO, Mikael Hed.

As executive chairman of Kaiken Entertainment, Hed has enlisted a group of former Rovio producers and Kaiken Publishing CEO Laura Nevanlinna to evolve the business beyond books into film, streaming video and apps.

Nevanlinna has joined the company as head of franchise and portfolio development, while longtime Rovio producer Ulla Junell will serve as head of animation and president of Kaiken Canada.

Additional appointments include ex-Rovio producer Joonas Rissanen as creative director, and former Rovio, Aardman and DreamWorks senior executive Steve Pegram as a member of Kaiken’s advisory board. Rovio’s former animation president, and previous Disney and DreamWorks exec, Tommy Korpinen has also joined Kaiken’s board.

The sale of the studio, according to Rovio, is part of the company’s ongoing reorganization of its animation division.

Thanks to the global success of The Angry Birds Movie and a thriving games division,

Rovio is coming back to its profitability days.