VR Film at Sundance Marks Major Milestone

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 A new VR film that premiered at Sundance was acquired in a seven-figure deal.

"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."

Details here from Wired.