Vidgame company Mythic Entertainment scored a $32 million investment from TA Associates, a private equity and buyout specialist.
Virginia-based Mythic is best known for producing “Dark Age of Camelot,” a massively multiplayer online role-playing game, somewhat similar to Sony Online Entertainment’s “EverQuest” and Electronic Arts’ “Ultima Online,” which has thrived since its debut in late 2001. “Camelot” now has about 220,000 monthly subscribers.
TA VP Jonathan W. Meeks said games such as “Camelot” are just beginning to win some mass-market acceptance, and would likely provide the next wave of growth in the vidgame business, which grossed an estimated $10.3 billion last year.
Mythic has created a dozen other online titles, some for partners such as AOL and Gamestorm. “Camelot” is distributed in the United States by Vivendi Universal Games and by Capcom in Japan.