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Wednesday, January 9, 2008

Time Warner Invests In Gaia

-Gaia Online has announced it's received an investment in an undisclosed sum from Time Warner, as part of a $12 million financing round completed last year. According to the Hollywood Reporter, Time Warner doesn't score any managerial influence over Gaia from the investment.

The investment seems similar to one Gaia recently picked up from Sony, at the time that Sony and Warner Brothers agreed to bring films into the Gaia world. It's recently begun featuring those movies, and Gaia CEO Craig Sherman told the reporter those features have been "extremely successful."

It's possible that Time Warner will also begin bringing some of its properties into the Gaia world; none of the terms of the investment were revealed.

[Via Hollywood Reporter]

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Posted by Leigh Alexander on January 9, 2008 11:40 AM |

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