A VR Movie Set in Space Just Landed A 7-Figure Deal at Sundance.
Yes, You Read That Right.
“In an unprecedented move, VR financing and distribution venture CityLights announced today that it is acquiring Spheres—a three-part series that lets viewers explore the depths of space in VR—in a massive seven-figure deal. Neither side is revealing the exact figure, but for a medium that’s never sold at Sundance, it’s still a very big deal, and one that demonstrates VR filmmaking has the clout and buzz of its traditional film predecessors. It might even show that 360-degree immersive films will one day be as big a part of festivals as movies themselves.
“This is a historic moment for the VR industry; it signifies that a viable storytelling medium has emerged,” says Jess Engel, who produced Spheres along with Arnaud Colinart, and Dylan Golden. “Deals like this establish VR as its own marketplace for independent creators, producers, and investors.”…”
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