The Rogue Initiative, a virtual reality content studio, has completed a seven-figure round of financing, led by CBT Capital in China. The Rogue Initiative will use the funds to further develop traditional and immersive film and television projects, entertainment content IP, and related technologies.
Daniel Sun of CBT said: “CBT is a new fund with a competitive advantage. Evaluating human capital and investing in companies we know and love is our investment philosophy. Investing in The Rogue Initiative is a decision that you don’t have to hesitate. They have Real professionals do professional work."
The Rogue Initiative had previously announced that they would collaborate with Hollywood's famous director Michael Bay in the production of original entertainment content, and that Michael Bell will hold the Rogue Initiative as a strategic partner and advisor. Producers Linda Obst (Interplanetary Crossing, Overtime Contact, and Sleepless in Seattle) also reached a similar partnership with The Rogue Initiative. In addition, the advisor team of VR Content Studio also includes Matthew Cohan, Chairman of Bay Films, Cliff Plumer, Executive Director of THE VOID, and Cody, Executive Director of TechStars. Ryan Wang, general partner of Cody Simms and Outpost Capital.
The co-founder and executive director of The Rogue Initiative, Pete Blumel, said: "The cooperation with CBT is very exciting, because they recognize our passion and vision. They are truly strategic partners, let We can continue to develop brands and create content globally."
Through collaboration with leading directors, studios, and technology companies, The Rogue Initiative's goal is to combine Hollywood's best storytelling and emerging technologies. Their current projects include the VR gaming experience "CROWE: THE DROWNED ARMORY" (which will be the main VR platform at the end of this month), and the VR film "AGENT EMERSON" (starring Lindsey Vonseca and Tony Dennison). . At present, "AGENT EMERSON" is undergoing post-production and is expected to land on major VR platforms this summer.
Cathy Twigg, co-founder and content director of The Rogue Initiative, said: "I am very pleased that CBT can become our strategic partner and look forward to exciting new projects through this alliance."
The Rogue Initiative plans to seek additional financing and strategic partnerships to further expand the platform and distribution channels, including partnerships with Sony, Oculus, HTC, Microsoft, Chinese game publishers and arcade stores, as well as HBO, Epix, Netflix Potential distribution channels such as Hulu, Amazon, Littlstar, iQiyi, and Youku.
“The investment by CBT Capital has provided us with a strong partnership, and they can help us develop a solution for China,†said Hrish Lotlikar, co-founder and business development director of The Rogue Initiative. The overall strategy and content development and distribution in the world’s largest and fastest growing media market, as we’re focused on meeting the growing global demand for high quality Hollywood movies, TV, VR and gaming content, we welcome Other strategic partners and investors worldwide have joined us."
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