$60m investment for Gazillion

$60m investment for Gazillion

By Rob Crossley

November 10th 2010 at 12:23PM

New funds for the massively multiplayer game developer

MMO group Gazillion Entertainment has secured a $60 million investment in a new investment round.

The developer and publishing firm is presently developing a string of DC Comics based titles, such as the upcoming Marvel Super Hero Squad Online.

Last month the firm released the LEGO Universe MMO, with the firm’s CEO suggesting the massively multiplayer market is where future plans are pinned to.

“Massively multiplayer online games have become one of the most profitable entertainment formats in many worldwide markets,” said Rob Hutter.

“At Gazillion we've focused our creative energy on bringing a signature style and playability to our MMOs so these experiences can be shared by all kinds of gamers,” he added.

The investment round is led by Temasek Holdings, the group said.

Gazillion owns four US-based studios (Slipgate Ironworks, NetDevil, Amazing Society and Gargantuan) and has secured a ten-year deal with Marvel Entertainment to build MMO titles.

"We believe Temasek's investment in Gazillion, which has developed one of the best portfolios of online games for all ages, underscores Gazillion's emergence as a major MMO player globally," said Mike Vorhaus, President of Magid Advisors, a unit of Frank N. Magid Associates.