nDreams Expands Influence in VR Gaming Industry with Aonic Acquisition
nDreams, the acclaimed VR studio based in Farnborough, UK, has recently made a significant move in the gaming industry. The studio, which has been dedicated to VR game development since 2013, has been acquired by Aonic, a prominent player in the video gaming group, for an impressive $110 million. This acquisition marks a new chapter for nDreams as it strives to further expand its influence in the XR (Extended Reality) market.
Known for developing a wide range of successful VR titles, such as The Assembly (2016), Phantom: Covert Ops (2020), Fracked (2021), and Ghostbusters: Rise of the Ghost Lord (2023), nDreams has earned a reputable place in the industry. The recent acquisition by Aonic comes after the group’s earlier investment of $35 million in March 2022, which allowed nDreams to expand its publishing capabilities and grow its team to 250 dedicated professionals across various studios, including Elevation, Orbital, and Near Light.
With this acquisition, nDreams is not only reaffirming its commitment to VR and MR (Mixed Reality) gaming but also aiming to strengthen its presence in the XR market. Studio co-founders Patrick and Tamsin O’Luanaigh, along with the entire executive team and board members, will continue to lead the company and its future endeavors.
One exciting aspect of this acquisition is the opportunity for collaboration between nDreams and Aonic’s other game studios, including Warren Spector’s OtherSide Entertainment, Milky Tea, and Bkom Studios. This synergy has the potential to bring forth innovative and groundbreaking projects in the VR gaming world.
Moreover, nDreams is actively exploring investment possibilities in third-party publishing titles and considering potential acquisitions of other studios. This strategic development showcases nDreams’ eagerness to remain at the forefront of the rapidly evolving VR gaming industry while also nurturing the growth of the overall XR market.
In conclusion, nDreams’ acquisition by Aonic signals a bright future for the VR studio and the XR industry as a whole. With a steadfast commitment to pushing boundaries and creating immersive experiences, nDreams is poised to make significant contributions to the world of virtual reality gaming.
FAQ:
1. What is nDreams?
nDreams is a VR studio based in Farnborough, UK, known for its development of successful VR titles.
2. Who has acquired nDreams?
nDreams has been acquired by Aonic, a prominent player in the video gaming group.
3. How much was the acquisition deal?
The acquisition deal between nDreams and Aonic was valued at $110 million.
4. What is XR?
XR stands for Extended Reality, which encompasses VR (Virtual Reality), AR (Augmented Reality), and MR (Mixed Reality).
5. What are some of nDreams’ notable VR titles?
Some notable VR titles developed by nDreams include The Assembly (2016), Phantom: Covert Ops (2020), Fracked (2021), and Ghostbusters: Rise of the Ghost Lord (2023).
6. How has nDreams expanded its capabilities?
nDreams expanded its capabilities through a $35 million investment in March 2022, allowing for the growth of its team and publishing capabilities.
7. Will nDreams continue to be led by its co-founders?
Yes, the co-founders Patrick and Tamsin O’Luanaigh, along with the executive team and board members, will continue to lead nDreams.
8. How will nDreams collaborate with Aonic’s other game studios?
The acquisition provides an opportunity for collaboration between nDreams and Aonic’s other game studios, potentially leading to innovative projects in the VR gaming world.
9. Is nDreams considering investments and acquisitions?
Yes, nDreams is actively exploring investment possibilities in third-party publishing titles and considering potential acquisitions of other studios.
10. What does nDreams’ acquisition by Aonic mean for the XR industry?
The acquisition signals a bright future for nDreams and the XR industry, with nDreams aiming to strengthen its presence and contribute to the growth of the overall XR market.
Definitions:
VR: Virtual Reality, a simulated experience that can be similar to or completely different from the real world.
MR: Mixed Reality, an environment where physical and digital worlds blend together to create new realities.
XR: Extended Reality, an umbrella term that encompasses Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR).
Related Links:
– Aonic Website
– nDreams Website
– OtherSide Entertainment Website
– Milky Tea Website
– Bkom Studios Website