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Metro-Goldwyn-Mayer invests in funding round for VR company

Hollywood movie studio Metro-Goldwyn-Mayer Inc. participated in a financing round for virtual reality game developer Survios, Reuters reported Dec. 13.

Gary Barber, Metro-Goldwyn-Mayer's CEO, will reportedly join Survios board following the investment. Survios, which produced the first-person shooter game "Raw Data," reportedly raised $50 million in two financing rounds. The game developer plans on using the raised capital on its publishing and development platform along with adding more third-party titles to its slate.