Comcast Corp. and Time Warner Inc. are investing in virtual reality, the latest traditional media players to bet on the emerging technology amid big disruptions in pay television. The companies’ venture arms joined a $30.5 million funding round for NextVR Inc., which broadcasts events live in virtual reality. Last month, NextVR offered virtual-reality broadcasts of a Democratic presidential debate and the National Basketball Association’s season-opening game.
Source: Comcast, Time Warner Invest in Virtual Reality – WSJ