GEM Lifestyle Opportunity Updates Blog
- 16 years ago
Real money is going into virtual worlds.
More than $184 million was funneled to companies that run virtual worlds in the first quarter, according to a new survey.
The study by Virtual Worlds Management, an Austin, Texas-based trade show and research company tallied $184.2 million invested worldwide, with more than one-third of the cash infusions going to youth-oriented virtual worlds.
By far, the largest investment was a reported $100 million investment into 9you.com, a virtual world run by Shanghai-based Everstar Entertainment. That investment was made by Temasek Holdings, a $110 billion Singapore investment house that owns a majority stake in Global Crossing and whose executive director testified before the House Financial Services Committee in March during an inquiry into foreign investment in U.S. companies.
That second largest deal was a $12 million round to Gaia Online from a consortium that included Time Warner.
GEM Lifestyle are the next Virtual World Internet Leader, to benefit from this amazing business opportunity visit www.learnthisbusiness.co.uk or www.genopportunityupdates.eu.
More than $184 million was funneled to companies that run virtual worlds in the first quarter, according to a new survey.
The study by Virtual Worlds Management, an Austin, Texas-based trade show and research company tallied $184.2 million invested worldwide, with more than one-third of the cash infusions going to youth-oriented virtual worlds.
By far, the largest investment was a reported $100 million investment into 9you.com, a virtual world run by Shanghai-based Everstar Entertainment. That investment was made by Temasek Holdings, a $110 billion Singapore investment house that owns a majority stake in Global Crossing and whose executive director testified before the House Financial Services Committee in March during an inquiry into foreign investment in U.S. companies.
That second largest deal was a $12 million round to Gaia Online from a consortium that included Time Warner.
GEM Lifestyle are the next Virtual World Internet Leader, to benefit from this amazing business opportunity visit www.learnthisbusiness.co.uk or www.genopportunityupdates.eu.