XR expertise firm picks up 3D animated film platform
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Bublar Group has introduced that it was accomplished the acquisition of Plotagon Manufacturing AB for roughly SEK 15.three million ($1.86 million).
The cost will likely be made within the type of 5,645,131 in Bublar, with a possible further fastened buy value and extra buy value to be paid out later beneath sure situations.
Plotagon is a platform that enables customers to create and share 3D animated motion pictures, and has not too long ago entered right into a multi-year settlement with South Korean firm Naver Z’s Zepeto social networking app to develop a brand new app with a scalable income mannequin.
Bublar cites the Zepeto partnership as a key cause for the acquisition.
“Now we’ve got full deal with the event of the brand new app to be launched this yr the place we use Plotagon’s expertise and Zepetos content material which permits customers to simply create their very own motion pictures with their avatars,” stated Bublar co-founder Magnus Granqvist. “We additionally see a strategic potential within the collaboration with a big Asian community for our upcoming cellular recreation launches.”
In 2018, Bublar Group acquired Swedish AR and VR firm Vobling, and simply final yr it picked up visible results group Goodbye Kansas.
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