Gaia Online, the virtual world for teens, siad media conglomerate Time Warner has invested an undisclosed amount in the company. San Jose, Calif.’s Gaia says it has nearly three million monthly users. It also has a growing population of users on Bebo, who sign into the Gaia OMG application and play a miniature version of the virtual world. Time Warner movie studio Warner Bros. has previously shown movies within Gaia, via a virtual theatre. Gaia has more than $1 million in virtual goods sold per month, and it sees around 100,000 completed transactions per day, it said. The company has previously raised more than $20 million in previous rounds from DAG Ventures, which led the last round, as well as earlier investors Benchmark Capitaland Redpoint Ventures. It also raised a round last year from Sony.
http://venturebeat.com/2008/01/08/time-warner-invests-in-teen-virtual-world-gaia-online/
http://www.gaiaonline.com/
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