MILES Is A New Form Of Entertainment Of Video Games And TV Shows

Genvid Holdings to Produce and Publish MILES After Raising $113 Million.

Genvid Holdings has raised funding of $113 million to propel its Massive Interactive Live Events (MILES) new project called Project Raven. MILES is a new form of entertainment where there is a unique amalgamation of video games and TV shows; part video games and part reality TV shows.

MILES Is A New Form Of Entertainment Of Video Games And TV Shows
MILES Is A New Form Of Entertainment Of Video Games And TV Shows

Genvid previously launched its first MILES-project called Rival Peak on Facebook. Rival Peak let Facebook spectators actively take part in part show part game and decide the fates of 12 AI characters. These characters compete against each other in a Survivor-style show.

The project was successful as the show got massively popular with 100 million minutes watched for its first season which spanned across 12 weeks. A total of 13 live streams covered the show every day for 24/7 and a whopping 200 million engagements. Moreover, the show also had a weekly wrap-up hosted by Will Wheaton. Its popularity among the masses was due to its unique interactive experience that let spectators take part in the game like a reality TV show.

The positive response Genvid got from Rival Peak motivated it to go for another funding round. Rival Peak inspired Genvid to fully engage in this new direction as a publisher of MILES project.

The next project in line following the idea is Project Rave, a mixture of horror film and games. Project Raven will have spectators engaged in a survival horror game cum TV show.

Massive Interactive Live Events (MILES) new project called Project Raven
Massive Interactive Live Events (MILES) new project called Project Raven
[novashare_tweet tweet=”MILES is a new form of entertainment where there is a unique amalgamation of video games and TV shows; part video games and part reality TV shows. Genvid previously launched its first MILES project called Rival Peak on Facebook. Rival Peak let Facebook spectators actively take part in part show part game and decide the fates of 12 AI characters. These characters compete against each other in a Survivor-style show.” cta_text=”Genvid Holdings has raised funding of $113 million to propel its Massive Interactive Live Events (MILES) new project called Project Raven.” hide_hashtags=”true”]

The total amount of funding Genvid has raised since 2016 has now amounted to $166 million. New investors include Cobalt Capital, XN, Third Point Ventures, LightShed Ventures, and Lux Capital.

With new and existing investors, Genvid has got a lot of media strength with it along with game content and technology investors. The new investment will be used to establish Genvid Entertainment, a subsidiary dedicated to MILES program.

Inside Gaming News 24/7 - Reinout te Brake -  Games Podcast - Game Consultant - Best Video Gaming News 2021
Inside Gaming News 24/7 – Reinout te Brake –  Games PodcastGame Consultant – Best Video Gaming News 2021
Reinout te Brake

In a career spanning across 20+ years, Reinout te Brake has raised over 100+ Million Euros in Fundraising for a diversity of companies and has worked with several venture capitals firms. Helping gaming companies expand their brand reach, get the right story telling and make an impact on a global scale. Reinout te Brake has had the honor to counsel some of the major gaming companies operating on a global scale. For the last 12 years, he has devoted his major focus towards the niche of gaming consultancy to provide his insight and expertise to help gaming companies reach outstanding financial and business results.