Spire Animation Studios has announced a $20 million funding round to support efforts to create metaverse content.
Spire received a strategic investment from Epic Games in its investment round. It should also be noted that the round includes contributions from previous investor Connect Ventures.
The Unreal Engine will be integrated into Spire’s animation pipeline as part of the deal. Epic will also join Spire’s board of directors. Funds raised will expand Spire’s team, develop studio technology, and support more creative ideas.
Spire CEO and Co-Founder P.J. Gunsagar gave the following words in his speech:
“Meta-distribution, where audiences engage with stories before, during and after film release, has disruptive potential. Audiences will live and interact authentically and persistently with characters and worlds without having to wait years after a movie’s release. Story-living through VR, AR and metaverse experiences is the future.”
Epic Games CTO Kim Libreri added:
“The talented team at Spire has decades of experience and their work has captivated audiences around the world with heartfelt storytelling and inspiring characters. They are at the cutting edge of animation and together we will push the state of the art in metaverse entertainment.”
