Candy Crush games developer King valued at over $7bn. The Swedish founded IT game company King (King Digital Entertainment plc) … was launched on the New York stock exchange 26.03.14 this year and didn’t have the best of starts – their first day, the share is traded at time of writing around $ 20.40, which is over 9 percent during the introductory price of $ 22.50. In total the shares fall to 16% during launch day. King has only 665 employees and parcels development out to small, autonomous teams of designers working with a startup mentality. Last year, the company spent $110.5 million on research and development, roughly 6 percent of sales –with HQ in London and with the Italian business man Riccardo Zacconi as CEO.
Of the four Swedish founders is Sebastian Knutsson’s creative director at the King and one of the key figures behind the development of the hit game of Candy Crush Saga. Other Swedish founder Thomas Hartwig, chief technology officer, Lars Markgren, office manager in Sweden and Patrik Stymne, system developers.
The Candy Crush millionaires;
Melvyn Morris, chairman, estimated shareholding value $821m – 36,467,500 shares
Riccardo Zacconi, chief executive, $698m – 31,042,045 shares
Sebastian Knutsson chief creative officer, $396m – 17,596,075 shares
Lars Markgren, Sweden general manager, $203m – 9,043,930 shares
Patrik Stymne, chief systems architect, $158m – 7,040,000 shares
Stephane Kurgan, Belgian chief operating officer, $168m – 7,450,748 shares
Thomas Hartwig (above), chief technology officer, $143m – 6,350,000 shares
King’s most popular game to date is Candy Crush Saga, which was launched on Facebook in April 2012. Following its success on Facebook, King launched Candy Crush Saga on mobile (iOS and Android) in November 2012.
The game was downloaded over 10 million times one month after its release. In January 2013, Candy Crush Saga became the number 1 game on Facebook and had over 45 million monthly users by March of the same year. King has more than 180 fun titles in 14 languages. Their hits include Candy Crush Saga, Farm Heroes Saga, Papa Pear Saga, Pet Rescue Saga and Bubble Witch Saga.
They have over 324 million average monthly unique users, as of December 31, 2013, across web, social and mobile platforms. The company was founded in August 2003.
The game’s popularity saw King’s revenues rise to $1.8bn in 2013, from just $64m two years ago, Candy Crush was the most downloaded free mobile app of 2013.
Candy Crush, I have been stuck at level 118 since March and with Farm Heroes Saga I have manage to get to level 133.
“…. when in doubt play Candy Crush”
A*Teens was a Swedish pop music group from Stockholm formed by in 1998 as an ABBA tribute band called ABBA Teens and later renamed to A-Teens. The band’s debut album became a success around the world and in 2001 it was reported that the band had sold 6 million albums worldwide. “Sugar Rush” was A-Teens’ third single from their second album Teen Spirit, the song was released on radio in April 2001. The group broke up in 2006. Images provided by and thanks to; insidesocialgames.com/ dailymail.co.ukappadvice.com Gallery 1; dailymail.co.uk/theguardian.com/king.com/google.com/newsle.com/ guardian.co.uk appadvice.com Gallery 2; androidgame365.com/thenextweb.com/lincolnandthat.c.uk someecards.com/coveralia-com2