{"id":7547,"date":"2016-12-14T10:39:19","date_gmt":"2016-12-14T15:39:19","guid":{"rendered":"http:\/\/worldscreen.com\/tvusa\/mgm-backs-new-vr-start-up-survios\/"},"modified":"2016-12-14T14:06:22","modified_gmt":"2016-12-14T19:06:22","slug":"mgm-backs-new-vr-start-up-survios","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvusa\/mgm-backs-new-vr-start-up-survios\/","title":{"rendered":"MGM Backs New VR Start-Up Survios"},"content":{"rendered":"<p>LOS ANGELES: The virtual-reality firm Survios has secured an additional $50 million in funding, with Metro-Goldwyn-Mayer (MGM) as a lead investor.<\/p>\n<p>MGM\u2019s chairman and CEO, Gary Barber, is also joining Survios\u2019 board. A prior financing round was led by Lux Capital with participation from Shasta Ventures, Danhua Capital, Shanda Holdings, Felicis Ventures and Dentsu Ventures. Survios is planning to use the capital to continue growing its publishing and development platform, to add third-party titles to its slate and to expand distribution into international arenas.<\/p>\n<p>Survios&#8217;\u00a0breakout title,\u00a0<em>Raw Data<\/em>,\u00a0was the first VR game to top the global Steam Charts and break the $1 million mark in one month.<\/p>\n<p>\u201cWe are thrilled to be in business with Survios, a true pioneer in the virtual reality space,\u201d said Barber. \u201cSurvios is the ideal partner for us as we continue to explore the most innovative ways to optimize our existing IP, create exciting new content, and expand into emerging platforms.\u201d<\/p>\n<p>Nathan Burba, co-founder and CEO of Survios, commented, \u201cI\u2019m humbled to have Gary join our board and to bring on such a storied partner as MGM. This puts us in a position to achieve our goal of becoming the leading publisher and content creator in Virtual Reality.\u201d<\/p>\n<p>Chief Business Officer Seth Gerson\u00a0added, \u201cWe\u2019re excited to use this capital to bring the highest quality content to entertainment centers around the world.\u201d<\/p>\n<p>\u201cSurvios delivers rich experiences by bringing the impossible into reality. Lux is proud to be partnered with this deeply technical and artistic team,&#8221; said Shahin Farshchi, Lux Capital partner and Survios\u00a0board member.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LOS ANGELES: The virtual-reality firm Survios has secured an additional $50 million in funding, with Metro-Goldwyn-Mayer (MGM) as a lead investor.<\/p>\n","protected":false},"author":350,"featured_media":7548,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[1089,255,1090,312],"class_list":["post-7547","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-top-stories","tag-metro-goldwyn-mayer","tag-mgm","tag-survios","tag-vr"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MGM Backs New VR Start-Up Survios - TVUSA<\/title>\n<meta name=\"description\" content=\"LOS ANGELES: The virtual-reality firm Survios has secured an additional $50 million in funding, with Metro-Goldwyn-Mayer (MGM) as a lead investor.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/worldscreen.com\/tvusa\/mgm-backs-new-vr-start-up-survios\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MGM Backs New VR Start-Up Survios - 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