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Trion Raises $30M

Trion World Network has attracted $30 million in a Series B round of funding from venture capitalists and major media companies. The round was led by Rustic Canyon Partners, which was joined by Time Warner Investments; Peacock Equity Fund, managed by two of General Electric Co.'s units – GE Commercial Finance and NBC Universal; and Bertelsmann Digital Media Investments, a unit of global media company Bertelsmann AG, one of Europe's leading entertainment groups. Trion is aiming to set up a video game cable channel with series that evolve in a similar fashion as television sitcoms or dramas such as Lost.