$BLO is expanding its VR market. After taking a majority stake in Played with fire, a VR development studio, Bloober has now reached an agreement with $META (+2,35%) for the development of the project under the pet name "Project 1." They will receive "significant financial support" and will be assisted by Meta in promotional activities as part of the agreement.

I think Bloober has been moving in the right direction since my investment 2 years ago. The step now to enter the VR market is important and right in my opinion. With Meta they have a strong partner. I believe that Tencent with their 22% stake in the company act as a network. First the cooperation with Konami for the development of Silent Hill 2. Then the cooperation with Take Two for the project under the nickname Project 2. Then dwr advance into the streaming market. I'm excited to see how the series become the IPs, because the stories of the games are unique. The gameplay is supposed to change. The CEO talks about a fundamental change with more action and more content.

I'm excited to see where the journey with Bloober goes. I am over 100% with my position in Plus and will continue to hold. I am convinced that Bloober can expand their niche market.

Source: https://ir.blooberteam.com/2023/09/08/bloober-team-mocno-uderza-w-rynek-vr/ (2023)