Time Warner invests in teen virtual world Gaia Online

Eric Eldon | January 8th, 2008

Update

gaialogo010908.pngGaia Online, the virtual world for teens, siad media conglomerate Time Warner has invested an undisclosed amount in the company. Update: The amount was for a couple million, I’ve heard, and it was part of the previous round the company raised.

San Jose, Calif.’s Gaia says it has nearly three million monthly users. It also has a growing population of users on Bebo, who sign into the Gaia OMG application and play a miniature version of the virtual world (see our article from earlier today).

Time Warner movie studio Warner Bros. has previously shown movies within Gaia, via a virtual theatre.

Gaia has more than $1 million in virtual goods sold per month, and it sees around 100,000 completed transactions per day, it said.

The company has previously raised more than $20 million in previous rounds from DAG Ventures, which led the last round, as well as earlier investors Benchmark Capital and Redpoint Ventures. Update: It also raised a round last year from Sony.

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  1. January 9th, 2008
    12:29 am

    Markets and Investments » Time Warner Invests In Community Site Gaia Online, Following Sony said:

    [...] virtual space “hangout” geared towards young people. The amount was not disclosed, reports VentureBeat. Late last year the company announced an investment from Sony Pictures, and a tie-up with Sony and [...]

  2. January 9th, 2008
    3:41 am

    GameAds - Game Advertising Weblog » Time Warner investeert in Gaia Online said:

    [...] van Gaia Online. Dit lijkt met een nieuwe investering van Time Warner dichterbij te komen. Aldus Venturebeat op hun website. Gaia claimt meer dan drie miljoen bezoekers per maand te [...]

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    Time Warner invierte en Gaia Online Tecnolives said:

    [...] acuerdo a este informe de VentureBeat, Time Warner Studios acaba de invertir una gran suma en Gaia Online, un mundo virtual de contenido [...]

  4. January 9th, 2008
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    ONLINE SERVICES/INTERACTIVE MEDIA « Daily Marauder said:

    [...] San Jose, Calif.-based Gaia, in a virtual theater that Gaia virtual world characters can attend. (http://venturebeat.com/2008/01/08/time-warner-invests-in-teen-virtual-world-gaia-online [...]

  5. January 10th, 2008
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  6. January 10th, 2008
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    Social Apps » Blog Archive » ime Warner Invests in Gaia Online said:

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  7. January 10th, 2008
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    王瑞斌：IdeaNext » Blog Archive » 时代华纳投资青少年虚拟世界Gaia Online said:

    [...]  http://venturebeat.com/2008/01/08/time-warner-invests-in-teen-virtual-world-gaia-online [...]

  8. January 10th, 2008
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    VentureBeat » Ventures into Hollywood: Sandlot’s Don Herman, on investing in movies said:

    [...] more open-minded, he says, as it explores new forms of digital distribution. (For more on that, see our recent coverage of Time Warner investing in Gaia Online. Time Warner has already been running virtual movies with [...]

  9. January 10th, 2008
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    VentureBeat » Ventures into Hollywood: Sandlot Venture Group said:

    [...] more open-minded, he says, as it explores new forms of digital distribution. (For more on that, see our recent coverage of Time Warner investing in Gaia Online. Time Warner has already been running virtual movies with [...]

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