×

Sweden’s Tax Agency Targets ‘Candy Crush’ Maker King With $397 Million Fine

The Swedish government wants “Candy Crush Saga” publisher King to pay a $397 million fine, according to the Swedish publication The Local. It reports the company failed to pay taxes after its sale to Activision Blizzard in 2016.

The Swedish Tax Agency, called Skatteverket, apparently thinks the country lost valuable intellectual property rights when King went to Activision Blizzard. “We believe that there has been a transfer of rights from the company in Sweden,” a Skatteverket spokesperson recently told financial newspaper Dagens Industri. “We want to tax this transaction for half of the value of the intellectual property rights.”

A King spokesperson reportedly told Dagens Industri the company doesn’t agree with the Skatteverket’s assessment, but it’s willing to work with the agency on a solution. “[King] regrets that the Swedish Tax Agency does not share our view on how King’s business should be taxed in a correct and fair manner,” the spokesperson said.

Candy Crush Saga” is the most downloaded game of all time on iOS, according to mobile app analytics firm App Annie. The entire series reportedly made over $1.5 billion in revenue for King in 2018. “Candy Crush Saga” accounted for 63% of the spending, according to market intelligence company Sensor Tower. Its revenue increased 10% last year compared to 2017.

King’s latest, “Candy Crush Friends Saga,” came out in October. The free-to-play puzzle game has 380 levels, updated graphics, new game modes, and a bunch of animated friends willing to help players out with special powers, costumes, and candy. It’s the biggest launch for King in the past four years.

More Gaming

  • Frank Pearce - Blizzard Entertainment

    Blizzard Co-Founder Frank Pearce Exits After 28 Years

    Frank Pearce, one of the three co-founders of game developer Blizzard Entertainment, is leaving the company. The announcement of Pearce’s exit comes less than a year after president Michael Morhaime, another Blizzard co-founder, left the company. J. Allen Brack, executive producer of “World of Warcraft,” took over the position as president of Blizzard. “The time [...]

  • Fortnite Battle Royale

    How 'Fortnite' Fans Can Earn Loot by Watching YouTube Videos

    Epic Games and YouTube have teamed up with a special offer for “Fortnite” players — giving players of the popular battle-royale game rewards when they watch “Fortnite”-premiered content on the video platform. The catch: You have to watch at least 20 minutes of “Fortnite” special content or live esports broadcasts to receive the loot. Under [...]

  • Google Stadia Pro to Include 1

    Google’s Stadia Game Streaming Service to Include Free Monthly Game

    Google has been busy sharing additional details about its upcoming game streaming service Stadia, clearing up some confusion in the process. Stadia’s pro subscription tier, which will cost $10 per month, won’t be a Netflix-type subscription service. However, subscribers will get free games at the rate of about a title per month. That’s according to [...]

  • The Lion King

    'Lion King' VFX Supervisor Rob Legato to Keynote at the 2019 View Conference

    Rob Legato, visual effects supervisor of “The Lion King,” “The Addams Family” co-director Conrad Vernon and Baobab Studios’ co-founder and chief creative officer Eric Darnell, director of the VR studio’s Emmy- and Annie-winning VR short “Crow: The Legend,” are rounding out the keynote speakers at this fall’s 20th edition of the View Conference in Turin, [...]

  • Nintendo Switch

    Nintendo Releases Updated Switch With Better Battery

    Nintendo just refreshed its wildly successful Switch game console, but the company isn’t giving existing Switch owners many reasons to upgrade: The renewed game console comes with a better battery that guarantees up to 9 hours of game play, while otherwise sticking with the same design and features of the original Switch. The new model [...]

  • Spotify logo is presented on a

    U.S. Consumers to Spend $26 Billion on Music, Video Subscriptions This Year

    U.S. consumers are expected to spend a combined $26 billion on music and video subscription services this year, according to new estimates from the Consumer Technology Association. That’s up from $20.4 billion in 2018, and nearly twice the amount spent on such services in 2017. Propelled by the continued success of Apple Music and Spotify, [...]

  • Gears 5 - Xbox Game Studios

    'Gears 5' Will Exclude Smoking Depictions After Concerns Raised by Youth Anti-Tobacco Org (EXCLUSIVE)

    “Gears 5,” the forthcoming installment in the “Gears of Wars” third-person shooter game franchise, will be a smoke-free establishment. The game, set for Sept. 10 release, comes from Xbox Game Studios and game developer The Coalition. The decision to remove all smoking references from “Gears 5” came after not-for-profit anti-smoking organization Truth Initiative approached Turner, [...]

More From Our Brands

Access exclusive content