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Business

M&A: Agents Expand While Rovio Divests

DHX Media-owned CPLG (Copyright Promotions Licensing Group) forms a strategic alliance with Latin America’s Tycoon Group. The alliance will strengthen both companies’ regional licensing activities and maximize branding opportunities across a combined network of EMEA, North America, and Latin America.

The world’s largest licensing agent, CAA-GBG, expands the design capabilities of its Brand Studio with new teams and studios in London, Seoul, and New York.

Meanwhile, Rovio Entertainment sells its Vancouver-based TV animation studio, book publishing business, and some unnamed non-Angry Birds IPs to Kaiken Entertainment. Kaiken is an L.A.-based startup, recently launched by former Rovio CEO Mikael Hed. Kaiken has ties with Rovio back to Feb. 2016, when it became the global master book licensee for Angry Birds. It will continue to serve as global master publisher for the mobile game property and collaborate with Rovio on select projects.

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