Are we seeing the collapse of freemium game makers as the monster money spinners they were a year or so back?
Following the recent news that the recently-public Candy Crush Saga maker King had posted a disappointing quarter in terms of revenue, now the CEO of Angry Birds dev Rovio has announced that he is stepping down for similar reasons.
CEO Mikael Hed says he is “passing the hoodie” to new CEO Pekka Rantala, who recently joined Rovio after serving as head of Finnish drinks maker Hartwall.
“It has been an amazing ride and in the coming months I will be very happy to pass the hoodie to Pekka Rantala, who will take Rovio to the next level,” Hed noted in a statement. “Pekka is known to be a great leader with experience building successful global consumer brands. I will continue to play an active role and will support Pekka in any way I can to ensure Rovio’s continued success.”