NetEase Participates in Series B Funding of Leading Virtual Reality Content Provider NextVR
"This early stage strategic investment in NextVR reflects our commitment to the development of cutting-edge technologies for virtual reality (VR)," said Mr. William Ding, Chief Executive Officer and Director of NetEase. "We are true believers in live VR experiences and have great confidence in NextVR's ability to lead in this field. We look forward to giving consumers an entirely new way to experience live events, as well as exploring possible synergies between our online games and media business and NextVR."
The Series B round allows NextVR to expand its virtual reality platform and global operations. NextVR recently announced a partnership with Live Nation to deliver hundreds of A-list performances in VR to fans across the world. NextVR has also broadcasted major sporting events live in VR, including the U.S. Open and Masters golf tournaments, the Kentucky Derby, and the International Champions Cup soccer competition. In addition to their live broadcasts, the company recently streamed MLB's annual Home Run Derby in VOD.
In addition to
NextVR enables the transmission of live, long-form virtual reality content in broadcast quality - leading the way for live and on-demand VR to become a mainstream experience for sporting events, concerts, cinematic productions and more. Launched in 2009, NextVR has more than 36 patents granted or pending for the capture, compression, transmission, and display of virtual reality content. NextVR's platform allows the fully immersive content to be streamed with pristine quality using current home and mobile Internet connections. NextVR was founded by veterans in stereoscopic imaging technology and software development, and an award-winning filmmaker. For more information, go to www.nextvr.com.
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