News Profit's Takes

Bad Robot Games Obtains $40M In Fundraising Round

Bad Robot Games, the video game division of Bad Robot Productions, recently announced it secured $40 million in a Series B funding round. This round of fundraising was led by Galaxy Interactive, with participation from Horizons Ventures, ICONIQ Capital, and Tencent.

“Galaxy, Horizons, and ICONIQ Capital comprise a veritable VC Dream Team, and we are grateful to have their continued support as we look to change the way people interact with and view video games,” said Bad Robot’s Anna Sweet. “With this funding, we are able to build out both the studio and co-development sides of our operation, and create games that cross platforms, cross mediums, and are based on IP originating from both games and linear content. We are very much looking forward to announcing our first titles.”

Bad Robot Games was created in 2018 as a joint venture between Tencent and Warner Bros. Games. To date, the organization has secured over $50 million total.

Bad Robot Productions is a film company that was founded by J.J. Abrams in 2001. Some of the movies it has been responsible for creating include Cloverfield, Star Wars: The Force Awakens, and the 2009 remake of Star Trek.

The Profit‘s Take:

Gaming is the dominant form of entertainment. Smart people in the movie industry know this, and are bringing their IP to gaming, or investing in the medium. Let’s just hope it’s not J.J. Abrams making a Star Wars or Star Trek game. He’s done enough damage to those properties already.

(All information was provided by Google, Deadline, and Variety)

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