Gaming, Entertainment Company Raises $30 Million in Financing

REDWOOD CITY, July 10: Trion World Network, a broadband
gaming and entertainment company launched last year, has received $30 million
in financing from Time Warner, GE/NBC Universal’s Peacock Equity and Bertelsmann
Digital Media Investments (BDMI), among other investors.

The financing round, led by venture capital firm Rustic
Canyon, also included existing Trion investors DCM and Trinity Ventures.

"Receiving the backing of three of the world's top five
media companies and three top VCs is an exceptional endorsement and provides
Trion with unrivaled access and support that further strengthens our unique
position in defining the future of connected games and entertainment,"
commented Lars Buttler, the CEO and co-founder of Trion.

Trion will utilize the additional funding and relationships
with its new investors to develop and publish new connected games and
entertainment franchises. The company’s mission is to revolutionize
entertainment by combining the best of online, gaming and traditional media.