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Acer to invest $10 million in IMAX VR Content Fund to boost high quality VR content

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Taiwanese hardware and electronics manufacturer Acer, has decided to take a go at investment and Virtual reality, and is hence investing US$ 10 million in the IMAX VR Content Fund. This is being done in a bid to support the development of high-quality VR content for location-based entertainment.

This investment plan came in the light right after Acer collaborated with Sweden based video game development studio and publisher, Starbreeze Studios, which promotes the creation of cinema-grade virtual reality experiences for the company’s StarVR headset. The duo had started shipping cinematic StarVR Head-Mounted Displays (HMD) to IMAX Corporation in order to start the IMAX VR Center in Los Angeles.

Acer CEO Jason Chen, said in a statement,

Acer is excited to join forces with IMAX and other world-class investors to help foster top-shelf content for the thriving VR industry.” “With this strategic investment and our deep collaboration with partners including Starbreeze in the hardware and entertainment sector, we hope to enable engaging and immersive VR experiences in IMAX VR centers and beyond.

he added.

Acer is not the only electronics manufacturing company which is working in boosting the high quality VR content. Its cut throat Indian competitor HTC too has been working on the same lines. The company has recently announced that it will license VR software for use in movie theaters, Internet cafes, and VR arcades worldwide. On implementation of this location-based entertainment technology licensed users can download compatible VR applications and games via HTC’s Viveport app store, which will also ensure heavy revenue for HTC.

Other than Acer, there are many other firms including firms from the media and entertainment industry, who are investing in this fund which is made to boost VR experiences to the next level.

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