Mikael Hed, the founder and former CEO of Rovio , behind Angry Birds, has formed a new entertainment company, Kaiken Entertainment.and more »
Mikael Hed, the founder and former CEO of Rovio Entertainment, the company behind the Angry Birds franchise has formed a new entertainment company, Kaiken Entertainment, with focus on animation, publishing, and apps. â€œKaiken in Finnish means â€˜everythingâ€™, and alludes to the vision of the company,â€œ says Hed. â€œWe want to be a 360-degree entertainment company. To me that means that while weâ€™re starting from a story driven standpoint, we also want to create properties like amusement park rides, games or merchandise.â€
The new company has purchased Rovioâ€™s TV animation department located in Vancouver and Rovioâ€™s publishing unit in Helsinki. The management buy-out is a natural progression for both parties, says Hed. â€œOver the past few years mobile gaming has transitioned entirely to free-to-play, but the paying audience there is much older than what we see as our audience, which is the family audience. So there is already a natural split between who weâ€™re targeting,â€ he explains. Â â€œWe already had this type of organization in the past, and now weâ€™re taking a step further, making it a separate company.â€
Kaiken Entertainment will continue to partner with Rovio in making short-form animation and serving as the master licensee of the Angry Birds brand in publishing. â€œWe are very happy with our collaboration with Rovio, but we will also be working with a number of other companies, so we are not in an exclusive relationship, so to speak,â€ says Hed. â€œThis is the right move. I feel like for us itâ€™s an amazing opportunity to build something great. And for Rovio itâ€™s something that makes the structure for them much simpler and allows them to focus on their core business, which is very much games focused.â€
Hed, who stepped down as CEO of Rovio in 2014, has served as executive chairman for Rovio Animation since 2015, focusing on bringing â€œThe Angry Birds Movieâ€ to the big screen and will continue to work on its sequel. He will serve as executive chairman of Kaiken Entertainment from Los Angeles, and will transition out of his role at Rovio by summer.
Kaiken Publishing CEO Laura Nevanlinna will be head of franchise and portfolio Development in Helsinki. Veteran Rovio producers Ulla Junell and Joonas Rissanen, who built the Vancouver operation, have been appointed president of Kaiken Canada and Kaikenâ€™s creative director respectively. â€œThey are all longtime Rovio employees who have built both the animation and publishing businesses for us,â€ says Hed. â€œWeâ€™ve had great experiences with Kaiken Publishing already because weâ€™ve seen that while Angry Birds is going strong weâ€™ve been able to also develop many interesting new properties.â€
Former Rovio, Aardman and DreamWorks senior executive Steve Pegram and Rovioâ€™s president of animation, previously of Disney and DreamWorks, Tommy Korpinen have both joined Kaiken Entertainmentâ€™s Advisory Board.
â€œWhen I look at where we are right now I feel like I did when Angry Birds was taking off in 2009, 2010, but when I compare us to where we are now to where that company was then we have such an amazingly good starting point,â€ says Hed. â€œIn 2009 we didnâ€™t have the experience or the contacts or the funding that we have now. We had big plans back then but we hadnâ€™t done it before and now weâ€™re trying to build something that weâ€™ve already built once. Itâ€™s exciting to be doing it again.â€
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