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Thursday, 19 January 2012 - Rift maker Trion raises $85 million in new funding |
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      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Davos 2012 Technology Media Small Business Legal Deals Earnings Summits Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. 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Wed, Jan 18 2012 Will Russia spill blood? Tue, Jan 17 2012 Obama rejects Keystone pipeline Wed, Jan 18 2012 "Rift" maker Trion raises $85 million in new funding Tweet Share this Email Print Related News Banks start playing games with your money Fri, Jan 13 2012 Insight: The surprising strength of Canada's pension funds Thu, Jan 12 2012 Zynga releases first mobile game since IPO Thu, Jan 5 2012 Analysis: EA bets big on Jedis and Wookies Wed, Dec 21 2011 Analysis & Opinion The social benefit of pension funds Why it’s hard to invest sensibly Related Topics Tech » Media » By Liana B. Baker Thu Jan 19, 2012 9:51am EST (Reuters) - Video game publisher Trion Worlds has raised $85 million in a new round of funding as the privately held company aims to expand to Asia this year and launch new titles, CEO Lars Buttler told Reuters on Thursday. Trion, which makes the Internet fantasy game "Rift," has now raised more than $185 million since it was founded five years ago. The company is eyeing the public markets, and could join the recent wave of gaming IPOs such as Nexon and Zynga, Buttler said in an interview. Ontario Teachers' Pension Plan, one of Canada's largest pension fund administrators with $110 billion in assets, led the round of funding, while the European media conglomerate, Bertelsmann, also participated. Previous investors in Trion are some of the best known media companies such as Comcast and Time Warner. Buttler declined to say how much the company is valued at with these new investments. "Rift" the company's first title, which came out last year, generated $100 million in revenue in 10 months in 2011. Lars said the game is profitable and makes money from players who buy the game, pay monthly subscription fees and purchase virtual items. The game will be coming out in South Korea between April and June and China at a later date. Buttler said the funding will serve as the company's "warchest" and it may be used for an acquisition or to licence a game. Rift competes with "World of Warcraft," Activision Blizzard's massive multiplayer game with 10.3 million players but which has been in decline. So-called massive multiplayer games allow thousands of people to play simultaneously over the Internet. Trion, which is based in Silicon Valley, is also working on a new shooter game called "Defiance" that will be released to coincide with a television show of the same name on the Syfy Channel. (Reporting By Liana B. Baker; Editing by Bernard Orr) Tech Media Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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