Emerging Entertainment London-based video game studio Maze Theory has officially merged with blockchain veterans and developers Pluto Digital PLC, following a successful joint venture between the two companies (Emergent Games) earlier this year.
Emerging Entertainment is a next-generation entertainment company focused on bringing audiences and storytellers together through the use of new technologies. The proposed valuation of the new business exceeds $65 million and the company intends to prepare for a future IPO.
Former Executive Vice President of Sony Interactive Entertainment/PlayStation, Simon Rutterjoins the company as chairman, Next Managing Director Ian Hambleton (former CEO of Maze Theory).
Simon spent 25 years at PlayStation, the last 10 years in senior international leadership positions. Ian has been a successful entrepreneur for 20 years, having founded and built creative companies in technology, digital, gaming and green tech with Found Studio, Maze Theory and Ecolog.
Emerging Entertainment benefits from the combined heritage of the two merged companies, the skills and experience of its people, and its existing product portfolio and asset base. Together, these elements provide the company with a unique set of capabilities to successfully deliver engaging content such as mixed reality games, Web3 games and Web3 token services across a range of entertainment media.
The new company will balance the traditional and the new; storytelling craft with technical innovation; and established, reliable business models with more contemporary forms of monetization.
With more than 60 developers and executives with extensive experience in the development of AAA games, the game studio has four centuries‘ value of combined knowledge. Your aggregated CV includes: FIFA, NBA Online, The Sims, Need for Speed, Gran Turismo, Lord of the Rings, Horizon Zero Dawn, Sniper Elite, Peaky Blinders: The King’s Ransom, Doctor Who: Edge of Time, Blood and Truthand PlayStation VR worlds.
Emergent Entertainment has signed deals with several global entertainment companies, drawing on its expertise in developing VR games for iconic shows such as Doctor Who and Peaky Blindersmore VR game announcements to come.
The company’s first Web3 project, resurgence, currently in development, will take players on a journey from today’s catastrophe to a post-apocalyptic future. The game puts players in complete control of their own destiny, utilizing resources in a unique community-based concept of survival.
Emergent Entertainment Chairman Simon Rutter says, “Emergent Entertainment’s leadership team is excited by the creative possibilities offered by the latest technological innovations.”
CEO Ian Hambleton adds: “We look forward to bringing together AAA game developers and advanced Web3 engineering capabilities in a way never seen before. We’re focused on delivering the best games and experiences with technologies that truly benefit gamers and new audiences.”
About Emerging Entertainment
Emergent Entertainment PLC is next–entertainment company of the generation; and the official merger of London–is based on video game studio Maze Theory and Web3 technology company Pluto Digital PLC. It brings storytellers and their audience closer together using new technologies like VR, AR, AI and blockchain.
The company is led by CEO, Ian Hambleton, serial entrepreneur and former CEO of Maze Theory, and executive chairman, Simon Rutter, former executive vice president of Sony PlayStation.
Emergent Entertainment will deliver engaging content including mixed reality games, Web3 games and Web3 token services across a range of entertainment genres.
His first Web3 game, resurgenceis in development and has signed deals with a number of global entertainment companies, drawing on Maze Theory’s expertise in developing VR games for iconic shows such as: Doctor Who and Peaky Blinders.
With more than 60 developers and executives with extensive experience developing AAA games, the game studio has a combined knowledge of four centuries.
View original content: https://www.prnewswire.com/news-releases/brand-new-emergent-entertainment-plc-forms-to-offer-next-generation-of-digital-and-immersive-entertainment-301658229. html
SOURCE Emerging Entertainment