Spire Animation Studios receives a $20 million investment from Epic Games as part of a funding round
According to a press release including an investment from Epic Games, Spire Animation Studios has secured a $20 million fundraising round.
The company will utilize Epic’s Unreal Engine to create animated movies and “worlds and experiences for the metaverse,” according to a press release. At one point in time, the company said that it was using a real-time workflow based on the cloud and relied on “a popular, state of the art gaming engine.”
When you need the money immediately but have terrible credit, getting a Same Day Loans on offer online is a terrific chance since the money will be sent straight into your bank account within the next 24 hours.
The Meta Distribution
Nathan Mueller, co-founder and CEO of Spire describes this setup as “meta-distribution,” which will allow the studio to migrate assets from its films into the metaverse, where spectators will be able to interact with them. ‘Audiences will live and connect with characters and places in a real and persistent way,’ he claims, instead of needing to wait years after a movie’s debut. Story-living via virtual reality, augmented reality and metaverse experiences will be the norm in the future.”
One of the first projects on which this method will be used will be Trouble, a film that the business is co-producing with Danny McBride’s production company, Rough House Pictures. Among the other projects now under development is the musical feature Century Goddess, on which Spire is currently working.
Brad Lewis (Ratatouille, Storks, How to Train Your Dragon: The Hidden World), who serves as a chief creative officer, and entrepreneur Nathan Mueller co-founded Spire in 2012. The company has grown its crew in the wake of the epidemic, bringing onboard skilled artists and executives with previous experience at companies like Sony, Pixar, and Dreamworks. It has so far operated from a distant location, but it intends to establish bases in Los Angeles and San Francisco.
The additional funds will be utilized for staff growth, studio technology, infrastructure expansion, and creative development and development. Epic will be appointed to the board of directors of the corporation. New investors Connect Ventures, a collaboration between the legendary Hollywood talent agency Creative Artists Agency and New Enterprise Associates, one of the world’s top venture capital companies, participated in the fundraising round.
“I’m looking forward to utilizing Unreal Engine to complement the creative process from storyboarding to delivering the last pixel,” Lewis expressed excitement. “The flexibility provided by the engine will result in a more intimate and intuitive filmmaking process, which will result in better visuals and storytelling; everyone on the creative team will be in the room where it occurs.”