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Apple to Acquire NextVR (VR Streaming Events)

According to information obtained by 9to5Mac, Apple is on the verge of acquiring NextVR, a company specializing in VR.

Apple NextVR

NextVR, based in Orange County, California, has decades of experience providing virtual reality experiences related to sport and entertainment. The company currently offers VR experiences to view live events on headsets created by Sony for PlayStation, Oculus, HTC, Microsoft and Lenovo.

In addition, NextVR has also created a patented technology that optimizes video streams. The company uses this technology to support high-quality video streams during sports and music events broadcast on the various supported VR headsets. NextVR, which holds more than 40 technology patents in total, has entered into agreements with the NBA, Fox Sports, Wimbledon and other partners for live music and sporting events.

However, in early 2019, the company failed to obtain a new round of funding. This resulted in a 40% reduction in staff. NextVR?s attention to only limiting virtual reality was seen as a limit and a risk, given the rise in increasing reality.

Apple is expected to acquire NextVR for approximately $ 100 million, focusing on increasing reality. Apple would indeed be much more interested in video flow management technologies than those directly linked to virtual reality.

The acquisition is expected to close in the coming weeks.