bodyType

customContents

entityId

entityUuid

articlePageQuery

filter

article

articleBaseAdvertisingInfoArticle

articleListArticle

articleSeoArticle

helpersCheckIsPostiesArticle

hooksArticleAcknowledgementGateOverlayArticle

hooksTrackPageViewArticle

hooksContentInterestArticle

articleLinkingDataContent

hooksAmpRedirectArticle

articleSchemaContent

liveArticle

advertZone

sentiment

contentLock

topics

types

sections

moreOnThisArticles

urlAlias

commentCount

authorLocations

authors

paywallTypes

corrections

sponsorType

displaySlideShow

multimediaEmbed

printHeadline

seriesContainer

socialHeadline

headline

flag

firstTopic

glossary

flattenTypeIds

publishedDate

additionalInfoBoxes

images

image

relatedLinks

relatedNewsletters

__typename

createdDate

sponsor

pdfFiles

seriesReverseOrder

series

disableOffPlatformContent

published

updatedDate

summary

subHeadline

body

keywords

readingTime

customTimezone

liveContents

Reuters

Virtual reality company Wevr raised $25 million from investors including Taiwan’s HTC Corp and Samsung Ventures to fund the launch of a new platform for VR creators to distribute content, executives said on Friday.
The platform, called Wevr Transport, is available now to a limited number of users in a test phase. It is designed to run on various virtual reality headsets through an app and on a website.
Virtual reality video offers a 360-degree view that immerses people in fantasy settings. The technology has been touted for decades but never reached mass adoption.
Wevr is also collaborating with independent virtual reality filmmakers and set up a US$1 million VR fund in 2015 to support this project, according to media reports.
This year, Facebook’s Oculus unit, Sony and others plan to introduce modern VR headsets. Wevr and other companies are making VR videos to lure audiences to the medium.

Wevr Transport features content from Wevr, other independent studios and major media companies, executives said. Current selections are free to watch, but paid VR experiences may be added to the mix later this year.
READ MORE: Oculus Rift virtual reality headset can be pre-booked online from Wednesday as founder says tech will make photos obsolete
“Consumers will pay for content that they value,” said Wevr’s chief executive, Neville Spiteri.
“We think there will be experiences we will be able to sell.”
In future years, “there are opportunities for advertising and other revenue models,” he added.
Other investors in Wevr include Evolution Media Partners, Madison Wells Media, Orange Digital Ventures, Digital Garage, AME Cloud Ventures and Boldstart Ventures.


YouTube of virtual reality: Taiwan’s HTC among investors in Wevr’s dream project as US start-up raises US$25 million

No Caption Available.

Transport is an online virtual reality content network for creators and users to share their work. Photo: Handout

News

World