Home Production studio Metaverse Developer VA Corporation Acquires Production Studio ROOT M&C

Metaverse Developer VA Corporation Acquires Production Studio ROOT M&C

0

VA Corporation and ROOT M&C logos [EACH COMPANY]

Metaverse developer VA Corporation has acquired ROOT M&C, an immersive content production studio, for an undisclosed amount, the company announced Monday.

VA Corporation is a metaverse platform and content developer founded in January last year. It has received investments from major tech companies such as LG Electronics and gaming companies such as Pearl Abyss and Com2uS.

The purchase of ROOT M&C, a company specializing in the production of virtual reality (VR) and augmented reality (AR) content, will expand VA Corporation’s portfolio and lead to films and dramas using the latest visual effects, a declared VA Corporation.

For the first project, the two companies will co-produce a new type of audition program to be broadcast on the cable channel MBN June. Titled “Avatar Singer,” the program will be a singing audition program but with virtual avatars battling for a winning spot.

“VA Corporation plans to build a close network among its subsidiaries, including ROOT M&C,” the company said in a press release. “We will diversify our business models by strengthening the technologies and the value chain we have.”

VA Corporation has nine subsidiaries under its wing, including visual effects company mofac, film distributor Acemaker Movieworks, and content production company Focus X.

BY YOON SO-YEON [[email protected]]