Subscribe to our monthly report/news updates
and Virtual Reality News Weekly

3 days ago

RT @WEARVR: Check out @WEARVR in @thetimes today! #VirtualReality #VR

Filter Post Format:

4 Oct

Virtual world investment reaches $1bn

Kids/Tween Worlds

Virtual Worlds Management, organisers of the Virtual Worlds conference and expo and good friends of K Zero has recently published their findings on funding and financing in virtual worlds.

The full story is here. The excellent piece of research show that in the period Oct 2006 to Oct 2007, acquisitions in the sector totalled $810m and company funding raised $196m.

It also shows that although Second Life gets a lot of the attention, there’s other worlds in town.

The Disney purchase of Club Penguin was the largest single deal at $700m, followed by Intel’s deal to acquire graphics company Havoc for $110m.

The remaining deals, as shown below were spread across a wide range of companies, primarily from North America. This is a little surprising given the audience share (albeit just driven from Second Life residents) coming from Europe but nevertheless clearly demonstrates the strong continued growth in the virtual world sector.

2 Aug

Club Penguin sold for $700m

Kids/Tween Worlds

Club Penguin sold for $700m. Club Penguin, the online world for kids has been sold to Disney in a deal totalling $700m. More information over at the LA Times.

Elevate gaming with exclusive casino rewards.

online casino usa real money