IMAX Will Spend $50 Million On Creating High-Quality VR

IMAX is diving into the world of virtual reality in a big way. It’s looking to create high-quality virtual reality content but it’s going to need some money to do that. It has roped in some big investors to raise $50 million combined which will go towards the development of high-quality virtual reality content. It has completed the first phase of this effort and will create at least 25 premium virtual reality experiences for a variety of platforms.

IMAX is already working to introduce...

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