Date : Nov 17, 2016  
The Newsletter  
Indiacom Newsletter

$50 Million IMAX Fund Set To Create High Quality VR Content Immigrants

Interactive virtual reality is getting another financial boost.

A $50 million fund is being set up to finance the creation of at least 25 interactive content experiences over the next three years.

The fund, by IMAX, Creative Artists Agency (CAA), Acer and others, will be used to aid the creation of higher quality VR content that can be used across all platforms, including IMAX VR centers, according to IMAX.

The group will be targeting event-style production with Hollywood studies and filmmakers along with gaming publishers and other developers.

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