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Disney makes $65 million VR movie investment

Conglomerate wants to make virtual reality movies a reality

By Ben Gourlay from Sep 22, 2015 @ 20:05 CDT

The Walt Disney Company, no longer a studio that just makes animated films but now owns 'Star Wars' Lucasfilm studio and Marvel has just made a huge investment in virtual reality technology that could lead to a fundamental shift in how we watch movies in the future. And with such financial clout and intellectual property behind them, this could be very exciting news indeed.

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According to CNet, Disney has invested $65 million in VR startup Jaunt which is aiming to develop makes cameras that can shoot video in 360 degrees for a totally immersive experience. Coupled with additional $35 million from other media investors, Jaunt is well placed to "greatly increase production" in the emerging field.

'Avengers 5' or 'Star Wars' in VR? Just let that sink in for a bit.

NEWS SOURCES:Cnet.com


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