TRILOGY STUDIOS COMPLETES SERIES B FUNDING ROUND
Company Closes Second Round of $3.2MM Equity Funding
To Focus on Virtual World and Casual MMO Development
Michael Wilson, CEO of Makena Technologies, Joins Board of Directors
Santa Monica, Calif. - August 29, 2007 - Videogame
and virtual world development company, Trilogy Studios, announced today
the completion of its second round of independent equity funding,
totaling $3.2 million. The funds will be allocated to expand the
company's virtual world and casual massively multiplayer online (MMO)
businesses. Founders Michael Pole and Rick Giolito also named Michael
Wilson, CEO of Makena Technologies and producer of There.com, to
Trilogy Studios' board of directors. |
"We
continue to leverage our extensive background of developing
multi-million unit selling videogames to enhance the entertainment
experience of virtual worlds and casual MMOs," said Michael Pole,
Chairman and CEO of Trilogy Studios. "Combining our decades of
experience in traditional gaming with Makena's leadership in social
networking, we can provide media companies the opportunity to build a
one on one relationship with their consumers while promoting and
monetizing their content libraries and new entertainment properties in
this exciting new medium".
Trilogy
Studios has a pedigree in top quality videogame development and has
attracted a number of highly successful creative executives and
developers who were responsible for some of the biggest interactive
entertainment franchises, including Medal of Honor™, The Chronicles of Riddick™, The Hulk™, Aliens vs. Predator™, No One Lives Forever™, Hot Wheels: Turbo Racing, The Simpsons: Hit and Run, The Simpsons: Road Rage™, Empire Earth™, NASCAR™ and Knockout Kings™.
"Trilogy
enables major media and brand companies the opportunity to monetize
their content in the online space through micro-transactions, premium
subscriptions, e-commerce, sponsorship and advertising", said Rick
Giolito, President of Trilogy Studios and former Vice President and
Executive Producer of Electronic Arts, Los Angeles. "We're having a
successful run with MTV's Virtual 'Pimp My Ride,' and we've received
very promising feedback from established media companies looking to
extend their film, television and music content into the virtual world
space."
Michael
Wilson, CEO of Makena Technologies and producer of There.com has joined
Trilogy Studios' board of directors. With more than 25 years of
experience in the ecommerce and online community building fields,
Wilson has held executive positions at such esteemed technology
companies as eBay, Inc. and Oracle Corporation. Trilogy Studios and
Makena Technologies worked together to create MTV's Virtual "Pimp My
Ride" product.
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About Trilogy Studios
Founded
in 2005 by video game and entertainment industry veterans Michael Pole
and Rick Giolito, Santa Monica, CA-based Trilogy Studios develops AAA
quality Virtual Worlds and next generation console games. A pioneer in
virtual world software development, Trilogy offers major media
companies the opportunity to promote and monetize their content
libraries and new entertainment properties in the online space, through
micro-transactions, premium subscriptions, e-commerce, sponsorship and
advertising. In 2007, Trilogy designed and launched MTV Networks' most
popular online virtual world to date, Virtual "Pimp My Ride." Since the
company's inception, Trilogy has attracted some of the finest talent in
the videogame industry from market-leading companies such as Electronic
Arts, Take-Two Interactive, Rock Star Games and Vivendi Universal Games.
www.trilogystudios.com
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