When Worlds Collide: Moelis & Co.’s Carlos Jimenez on the Emerging Metaverse Economy
Cynthia Littleton Business EditorInvestors are going all-in on the metaverse.That’s the prediction of Carlos Jimenez, managing director of Moelis & Co., who details his view that the entertainment business is in the midst of a massive transformation into a marketplace where entertainment, media, gaming, sports and other activities merge and often take place.“All of these worlds are colliding — it’s the future,” Jimenez, a veteran dealmaker, says on the latest episode of Variety podcast “Strictly Business.” “You’re going to have all these Gen Zers, or whatever the next generation is called, playing an E-sports tournament in the metaverse while listening to a concert inside of it. I think that’s where we’re going to end up.” It may sound futuristic but investment dollars are flowing in, Jimenez said.