The investment came through his fund Lupa Systems.
Location-based entertainment (LBE) The VOID has some of the most famous virtual reality franchise (VR) franchises around the world, including Star Wars: Secrets of the Empire and Ralph Breaks VR. And recently it was reported that James Murdoch, the son of billionaire media magnate Rupert Murdoch, recently invested $ 20 million in a franchise.
Both Variety and Bloomberg confirm that Murdoch made an investment bid through his Lupa Systems foundation, which he created thanks to $ 1 billion in revenue from the sale of 21st Century Fox Disney this year. Murdoch now joins previous investors, including Qualcomm Ventures, Fidelity Management and Walt Disney Co.
The VOID has not yet released a formal funding statement, but this should help the company produce more internal content, such as Nicodemus, a scary Victorian themed experience with puzzle elements. Expansion plans may also be present, as VOID currently operates in 11 locations around the world, with six points in the United States, three in Canada, one in Malaysia and one in the UAE. The first locations appeared in London, the UK, last year, but so far there has been no evidence of the opening of a permanent European location in the near future.
Recently, a small reshuffle has occurred in The VOID: Chief Financial Officer Jeff Raggels plans to quit, and Craig Watson took the place of Chief Executive Officer (CEO) Cliff Plumer, the last one left last year.
Unlike small third-party VR arcades that can be launched from headsets, such as the Oculus Rift or HTC Vive / Vive Pro, using licensed software (SUPERHOT VR Arcade Edition) from platforms such as Steam, VOID is a completely autonomous experience. You cannot reproduce its contents anywhere else, thanks to partnerships with Disney and Lucasfilm ILMxLab.
VRcue will continue to talk about the development of The VOID franchise.