$148.5m invested in virtual worlds in Q3 // News: "$148.5m invested in virtual worlds in Q3
Virtual Worlds Management has revealed that venture capital and media firms have invested more than USD 148.5 million dollars in 12 virtual worlds companies during the third quarter of 2008.
The study shows that the total investment in the virtual worlds space this year is over USD 493 million, with all but USD 22.4 million going towards the entertainment sector to build youth-orientated MMOs.
'Many smaller investments were made across a spectrum of youth-oriented virtual worlds,' explained Joey Seiler, editor of VirtualWorldsNews.com. 'USD 35.64 million was invested in seven virtual worlds aimed at kids through teens. That's up significantly from Q1's USD 16.03 million in eight youth virtual worlds and Q2, which saw no investment targeted at youth worlds.'"
Thursday, October 16, 2008
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