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‘Angry Birds’ Maker Seeks $1.2B Valuation
- artursapek 15y agoAn Angry Birds movie? Why do viral success stories like this always tend to start killing themselves with franchising? I wish smart people like this Mr. Hed wouldn't get hung up on their successes since he clearly has potential to make new, better games.
- rebelidealist 15y agoI see this as investors playing hot potatoes. Smart VCs hyping up their own companies and selling it to less knowledgeable investors. Last year, Roxio made 5 million, pretty good for a game but worth 1.2b? Tech companies get ridiculously high profit (most cases just # of users) to valuation ratio because of their future potential. Do y'all really think Angry Birds will still be a household name in 3 years? Regarding international expansion to China. Most people in China are not gonna pay more than the equivalent of $3 for a stuffed animal. The ones that people are buying would be counterfeited.