Home / / VR streaming service NextVR accquired by Apple

VR streaming service NextVR accquired by Apple

Virtual reality streaming video service was struggling and after months of speculations Apple has made its acquisition public

VR streaming service NextVR accquired by Apple
Apple TV+

VR video service provider, Next VR, has been purchased by Apple.

The 360-degree video offering gave access to a few concerts and sporting events, including NBA games, the WWE , and the NHL.

Following a period of speculation, Apple announced that it had acquired NextVR via Bloomberg.

California-based NextVR's team is potentially set to become part of Apple TV+' operations with the two facilities located in close proximity.

The deal will enable to expand its video offerings with Apple TV+ currently offering only 2D videos, and no sporting or other live programming, though the company has been working on a mixed reality headset with an AR focus.

It's reported that NextVR was reportedly struggling as funding round fell through, well before the coronavirus led to the cancellation of sporting events that it was scheduled to cover live.

Follow us to get the most comprehensive technology news in UAE delivered fresh from our social media accounts on Facebook, Twitter, Youtube, and listen to our Weekly Podcast. Click here to sign up for our weekly newsletter on curated technology news in the Middle East and Worldwide.

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.