Trion secures $70 mil in investments

September 23, 2008 Trion World Network has closed a $70 million Series C funding round, including investments from Time Warner, Bertelsmann and Peacock Equity, the joint venture between NBC Universal and General Electric. "Trion is set to redefine today's electronic entertainment sector through its ability to develop compelling broadband-connected games, innovative entertainment content and strong business relationships," said Tom Byrne, managing director and group head of Peacock Equity. There are some server-based games available, but Trion's goal is to offer games with the detailed graphics and intense gameplay found only on disc-based titles, Buttler said, stressing that the participation of such major media companies as Time Warner and NBC Universal is a lot more than these companies making sure they are on the financial ground floor of what could be the next big trend in interactive entertainment.

Subscribe to the Hollywood Reporter and see the entertainment industry from its best angle: the inside looking out. Complete access to real-time news and exclusive analysis that goes behind the scenes from film to television, home video to digital media.

   Subscribe now.